Lincoln Educational Services (NASDAQ:LINC) Shares Pass Above 200-Day Moving Average - Here's What Happened

Key Points

• Lincoln Educational Services shares crossed above their 200-day moving average, trading at $22.92, which is above the average of $20.37.
• Wall Street analysts have a consensus rating of "Buy" for the company, with price targets ranging from $25.00 to $27.00 set by various analysts.
• The company reported a quarterly EPS of $0.09, exceeding the consensus estimate and achieving revenues of $116.47 million.

Lincoln Educational Services Corporation (NASDAQ:LINC - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.37 and traded as high as $23.03. Lincoln Educational Services shares last traded at $22.92, with a volume of 183,858 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Zacks Research raised Lincoln Educational Services to a "hold" rating in a research note on Friday, August 8th. Barrington Research reissued an "outperform" rating and issued a $25.00 price objective on shares of Lincoln Educational Services in a research note on Tuesday, September 23rd. Finally, Rosenblatt Securities raised their price objective on Lincoln Educational Services from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $25.00.

Lincoln Educational Services Trading Down 0.7%

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.85 and a current ratio of 0.90. The company has a 50-day simple moving average of $20.99 and a 200 day simple moving average of $20.37. The company has a market capitalization of $724.73 million, a P/E ratio of 49.83, a P/E/G ratio of 2.04 and a beta of 1.24.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. The company had revenue of $116.47 million for the quarter, compared to the consensus estimate of $113.96 million. Lincoln Educational Services had a return on equity of 11.20% and a net margin of 3.05%. Lincoln Educational Services has set its FY 2025 guidance at EPS. FY 2027 guidance at EPS. Sell-side analysts expect that Lincoln Educational Services Corporation will post 0.54 earnings per share for the current year.

Institutional Trading of Lincoln Educational Services

A number of institutional investors and hedge funds have recently modified their holdings of LINC. Bank of America Corp DE increased its position in shares of Lincoln Educational Services by 19.5% during the fourth quarter. Bank of America Corp DE now owns 42,747 shares of the company's stock valued at $676,000 after purchasing an additional 6,962 shares during the period. Millennium Management LLC acquired a new stake in Lincoln Educational Services in the 4th quarter valued at $288,000. GAMMA Investing LLC boosted its stake in Lincoln Educational Services by 1,952.6% in the 1st quarter. GAMMA Investing LLC now owns 11,823 shares of the company's stock valued at $188,000 after buying an additional 11,247 shares in the last quarter. Parallel Advisors LLC boosted its stake in Lincoln Educational Services by 20.3% in the first quarter. Parallel Advisors LLC now owns 8,878 shares of the company's stock worth $141,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Pullen Investment Management LLC boosted its stake in Lincoln Educational Services by 1.4% in the first quarter. Pullen Investment Management LLC now owns 212,715 shares of the company's stock worth $3,376,000 after purchasing an additional 2,960 shares in the last quarter. 72.23% of the stock is currently owned by institutional investors.

About Lincoln Educational Services

Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services to high school graduates and working adults in the United States. The company operates in two segments, Campus Operations and Transitional. It offers associate's degree, and diploma and certificate programs in automotive technology; skilled trades programs, including electrical, heating and air conditioning repair, welding, computerized numerical control, and electrical and electronic systems technology; health science programs comprising licensed practical nurse, registered nurse, dental assistant, medical assistant, medical administrative assistant, and claims examiner; hospitality service and information technology programs, such as culinary, therapeutic massage, cosmetology, aesthetics, and computer systems support technicians.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.