Northland Securities Predicts Legacy Education Q1 Earnings

Key Points

• Northland Securities lowered its Q1 2027 EPS estimate for Legacy Education to $0.15 from $0.17. It projects EPS of $0.17, $0.21 and $0.20 for Q2 through Q4 2027, respectively.
• Zacks Research downgraded Legacy Education from “hold” to “strong sell,” while the broader analyst consensus remains “Hold” with a $14.95 price target.
• Legacy Education recently reported quarterly EPS of $0.13 on revenue of $20.10 million. Shares opened at $9.50, below their 50-day and 200-day moving averages, while several institutional investors increased or initiated positions.

Legacy Education Inc. (NYSEAMERICAN:LGCY - Free Report) - Research analysts at Northland Securities cut their Q1 2027 earnings estimates for shares of Legacy Education in a note issued to investors on Friday, September 25th. Northland Securities analyst M. Grondahl now expects that the company will post earnings per share of $0.15 for the quarter, down from their prior estimate of $0.17. The consensus estimate for Legacy Education's current full-year earnings is $0.77 per share. Northland Securities also issued estimates for Legacy Education's Q2 2027 earnings at $0.17 EPS, Q3 2027 earnings at $0.21 EPS and Q4 2027 earnings at $0.20 EPS.

Separately, Zacks Research lowered shares of Legacy Education from a "hold" rating to a "strong sell" rating in a research note on Friday, September 25th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Legacy Education presently has a consensus rating of "Hold" and a consensus price target of $14.95.

Legacy Education Stock Performance

Shares of Legacy Education stock opened at $9.50 on Wednesday. The stock has a 50 day moving average price of $10.82 and a 200-day moving average price of $11.57. Legacy Education has a one year low of $7.94 and a one year high of $14.70. The stock has a market cap of $121.69 million, a price-to-earnings ratio of 14.39 and a beta of 1.07.

Legacy Education (NYSEAMERICAN:LGCY - Get Free Report) last issued its quarterly earnings data on Thursday, September 24th. The company reported $0.13 earnings per share for the quarter. The company had revenue of $20.10 million for the quarter. Legacy Education had a return on equity of 19.04% and a net margin of 11.42%.

Institutional Investors Weigh In On Legacy Education

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its position in Legacy Education by 481.2% in the 1st quarter. Bank of America Corp DE now owns 21,847 shares of the company's stock valued at $274,000 after acquiring an additional 18,088 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Legacy Education by 68.9% in the first quarter. Dimensional Fund Advisors LP now owns 24,747 shares of the company's stock worth $310,000 after purchasing an additional 10,096 shares during the last quarter. Manatuck Hill Partners LLC purchased a new position in Legacy Education in the 2nd quarter worth about $524,000. BlackRock Inc. purchased a new position in Legacy Education in the 2nd quarter worth about $600,000. Finally, Renaissance Technologies LLC lifted its holdings in Legacy Education by 87.6% during the 1st quarter. Renaissance Technologies LLC now owns 72,000 shares of the company's stock valued at $901,000 after buying an additional 33,628 shares in the last quarter.

Legacy Education Company Profile

Legacy Education, Inc is a postsecondary education company that provides career-focused training and educational programs designed to prepare students for employment in a range of occupational fields. Its offerings are intended to combine classroom instruction with practical, skills-based learning.

The company has historically operated career education institutions serving students in the United States. Its programs have included training related to healthcare and other professional or technical career paths, although the specific schools, programs and operating footprint may change over time.

Legacy Education was previously known as Legacy Education Alliance, Inc and adopted its current name as its business strategy evolved toward postsecondary career education.

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