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 through three segments: Transportation and Skilled Trades, Healthcare and Other Professions, and Transitional. It offers associate's degree, and diploma and certificate programs in automotive technology; skilled trades, including welding, computerized numerical control, and electrical and electronic systems technology, as well as heating, ventilating, and air conditioning programs; healthcare services comprising nursing, dental and medical assistant, claim examiner, medical administrative assistant, etc.; hospitality services, such as culinary, therapeutic massage, cosmetology, and aesthetics; and information technology. The company operates 22 schools in 14 states under the Lincoln Technical Institute, Lincoln College of Technology, Lincoln Culinary Institute, and Euphoria Institute of Beauty Arts and Sciences, as well as associated brand names. As of December 31, 2020, it had 12,217 students enrolled at 22 campuses. The company was founded in 1946 and is based in West Orange, New Jersey.
IPO Year: 2005
Exchange: NASDAQ
Website: lincolntech.edu
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/9/2022 | $8.00 | Buy | Rosenblatt |
6/30/2022 | $8.00 | Buy | Lake Street |
Barrington Research analyst Alexander Paris reiterates Lincoln Educational Servs (NASDAQ:LINC) with a Outperform and maintains $14 price target.
B. Riley Securities analyst Raj Sharma maintains Lincoln Educational Servs (NASDAQ:LINC) with a Buy and raises the price target from $14 to $15.
Lake Street analyst Eric Martinuzzi maintains Lincoln Educational Servs (NASDAQ:LINC) with a Buy and raises the price target from $14 to $15.
Barrington Research analyst Alexander Paris maintains Lincoln Educational Servs (NASDAQ:LINC) with a Outperform and raises the price target from $13 to $14.
Lincoln Educational Servs (NASDAQ:LINC) reported quarterly losses of $(0.01) per share which beat the analyst consensus estimate of $(0.06) by 83.33 percent. The company reported quarterly sales of $103.37 million which beat the analyst consensus estimate of $100.87 million by 2.47 percent. This is a 18.42 percent increase over sales of $87.28 million the same period last year.
Rosenblatt analyst Steve Frankel maintains Lincoln Educational Servs (NASDAQ:LINC) with a Buy and maintains $13.5 price target.
B. Riley Securities analyst Raj Sharma reiterates Lincoln Educational Servs (NASDAQ:LINC) with a Buy and raises the price target from $12 to $14.
During the last three months, 4 analysts shared their evaluations of Lincoln Educational Servs (NASDAQ:LINC), revealing diverse outlooks from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 0 0 0 Last 30D 1 0 0 0 0 1M Ago 2 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 0 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $12.75, a high estimate of $13.50, and a low estimate of $12.00. This c
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Rosenblatt initiated coverage of Lincoln Educational Services with a rating of Buy and set a new price target of $8.00
Lake Street initiated coverage of Lincoln Educational Services with a rating of Buy and set a new price target of $8.00
Colliers Securities resumed coverage of Lincoln Educational Services with a rating of Buy and set a new price target of $10.00
B. Riley resumed coverage of Lincoln Educational Services with a rating of Buy and set a new price target of $7.50 from $6.25 previously
PARSIPPANY, N.J., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) (the "Company"), a national leader in specialized technical training for more than 75 years, today announced that Scott Shaw, President and CEO, will be participating at the 17th Annual Barrington Research Virtual Fall Investment Conference, being held on Thursday, September 12th, 2024. Investors should reach out to their Barrington sales representatives or contact [email protected] to schedule a virtual one-on-one meeting with Lincoln's management team. Mr. Shaw will review the recent second quarter performance, with revenue growing 16.1%, student starts increasing 12.3% and a
PARSIPPANY, N.J., Aug. 23, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) (the "Company"), a national leader in specialized technical training for more than 75 years, today announced that Scott Shaw, President and CEO, will be attending the Midwest IDEAS Conference, being held in Chicago, IL, on August 28th and 29th. Mr. Shaw will highlight the continued business momentum and growth drivers generating increased shareholder valuation, including the continued strong performance during the Company's second quarter ended June 30, 2024, with revenue growing 16.1%, student starts increasing 12.3% and adjusted EBITDA more than doubling compared to the year-ago qua
PARSIPPANY, N.J., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) today announced financial and operating results for the second quarter ended June 30, 2024, as well as recent business developments. Second Quarter 2024 Financial Highlights* Revenue grew 16.1% to $102.9 millionStudent starts increased 12.3%; 11.4% increase in quarter-end student populationNet loss of $700,000 and Adjusted EBITDA of $6.2 millionTotal liquidity of more than $100 million; no debt outstandingNew East Point, Georgia campus student starts to date exceeds full-year planRaised outlook for full year Revenue; raised lower end of adjusted EBITDA, adjusted net income and s
PARSIPPANY, N.J., July 25, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) ("Lincoln") announced today that it will host a conference call to discuss its second quarter financial results on Thursday, August 8, 2024 at 10:00 a.m. Eastern time. A news release outlining Lincoln's results will be issued before 9:30 a.m. Eastern time on that day. To access the live webcast of the conference call, please go to the investor relations section of Lincoln's website at http://www.lincolntech.edu. Participants may also register via teleconference at: Q2 2024 Lincoln Educational Services Earnings Conference Call. Once registration is completed, participants will be prov
Nashville, TN, June 12, 2024 (GLOBE NEWSWIRE) -- Proudly serving the community for more than 100 years, Lincoln Tech's NADC understands the importance of supporting future skilled technicians throughout all stages of their education. As part of their commitment to student success, the campus recently donated a series of diesel engines to local area high schools. With more than 240,000 openings for diesel & truck technicians projected across the country by 2032*, Lincoln Tech's NADC is proud to help promote the industry as an exciting, rewarding career path for students looking to build in-demand skills. "It's a privilege to be able to assist schools in our area and enhance their diesel
Parsippany, NJ, June 04, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), a national leader in specialized technical training for more than 75 years, has entered into a workforce development partnership with Container Maintenance Corporation (CMC), Inc. Training begins in June at CMC's main branch in Charleston, SC. The five-year agreement pairs one of America's premier career training schools with a leader in the $50 billion North American intermodal freight transportation industry*. Specially selected Lincoln Tech instructors will be tasked with delivering the instruction to members of CMC's existing workforce. "Lincoln Tech recognizes the critical role
Parsippany, NJ, May 21, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), a national leader in specialized technical training for more than 75 years, today announced that Scott Shaw, President and CEO, and Brian Meyers, Chief Financial Officer, will be attending several investor conferences and meetings in May and June, highlighting the continued business momentum and growth drivers generating increased shareholder valuation. May 22nd and 23rd - B. Riley Securities 24th Annual Institutional Investor Conference in Beverly Hills, CA will be holding a fireside chat with Mr. Shaw on Thursday, May 23rd at 1pm PT (4pm ET). One-on-one meetings with management
Parsippany, NJ, May 10, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), a national leader in specialized technical training for more than 75 years, has expanded its training partnership with Peterbilt Motors Company to offer specialized diesel technician training at its Denver, CO campus. The Peterbilt Technician Institute (PTI) at Lincoln Tech will assist Lincoln graduates in building additional skills for Peterbilt-specific equipment and technologies, and in starting new careers at Peterbilt locations across the country. This is the second Lincoln Tech location to offer PTI training; the program was introduced at Lincoln's Nashville, TN campus last spri
PARSIPPANY, N.J., May 07, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) today announced that its Board of Directors has authorized extension of its share repurchase program for an additional twelve months through May 24, 2025. On May 24, 2022, the Company announced that its Board of Directors had authorized a share repurchase program of up to $30 million of the Company's outstanding common stock. The repurchase program was initially authorized for twelve months and has since been extended and increased to $40 million. Since inception of the program, the Company has made repurchases of approximately 1.7 million shares of the Company's common stock at an av
PARSIPPANY, N.J., May 06, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) today announced financial and operating results for the first quarter ended March 31, 2024, as well as recent business developments. First Quarter 2024 Financial Highlights* Revenue grew 19.7% to $103.4 millionAdjusted EBITDA tripled to $6.5 millionStudent starts increased 15.3%Ended quarter with 1,388 additional students, a 11.2% increase in populationTotal liquidity of over $109 million; no debt outstandingIncreasing guidance for full year Revenue, Adjusted EBITDA and Adjusted Net Income Recent Developments Classes commenced at our newest campus in East Point, GeorgiaEnte
Parsippany, NJ, May 10, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), a national leader in specialized technical training for more than 75 years, has expanded its training partnership with Peterbilt Motors Company to offer specialized diesel technician training at its Denver, CO campus. The Peterbilt Technician Institute (PTI) at Lincoln Tech will assist Lincoln graduates in building additional skills for Peterbilt-specific equipment and technologies, and in starting new careers at Peterbilt locations across the country. This is the second Lincoln Tech location to offer PTI training; the program was introduced at Lincoln's Nashville, TN campus last spri
Parsippany, NJ, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), a national leader in specialized technical training for more than 75 years, has announced the appointment of an organizational leader to an important statewide labor initiative. Cory Hughes, President of Lincoln Tech's Columbia, MD campus, has been selected to join the Maryland Governor's Workforce Development Board (GWDB), thanks to his service to area students and employers since 1987. Hughes has served in several capacities at Lincoln Tech, first from 1999 to 2002 and then from 2015 through to his current role today. Overall, he has enjoyed more than 35 years as an educator and st
Parsippany, NJ, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), celebrating its 75th year as a national leader in specialized technical training, today announced that Felecia J. Pryor, JD, MPA, has been appointed to the Company's Board of Directors. With over 20 years of corporate leadership experience, Ms. Pryor's contributions will further broaden the Board's perspective and enhance the Company's ability to execute on its long term growth strategy. In connection with her appointment to the Board, Ms. Pryor was also appointed to the Board's Compensation Committee. "Ms. Pryor brings a long record of accomplishment, both professional and educationa
PARSIPPANY, N.J., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) (the "Company"), a national leader in specialized technical training for more than 75 years, today announced that Scott Shaw, President and CEO, will be participating at the 17th Annual Barrington Research Virtual Fall Investment Conference, being held on Thursday, September 12th, 2024. Investors should reach out to their Barrington sales representatives or contact [email protected] to schedule a virtual one-on-one meeting with Lincoln's management team. Mr. Shaw will review the recent second quarter performance, with revenue growing 16.1%, student starts increasing 12.3% and a
PARSIPPANY, N.J., Aug. 23, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) (the "Company"), a national leader in specialized technical training for more than 75 years, today announced that Scott Shaw, President and CEO, will be attending the Midwest IDEAS Conference, being held in Chicago, IL, on August 28th and 29th. Mr. Shaw will highlight the continued business momentum and growth drivers generating increased shareholder valuation, including the continued strong performance during the Company's second quarter ended June 30, 2024, with revenue growing 16.1%, student starts increasing 12.3% and adjusted EBITDA more than doubling compared to the year-ago qua
PARSIPPANY, N.J., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) today announced financial and operating results for the second quarter ended June 30, 2024, as well as recent business developments. Second Quarter 2024 Financial Highlights* Revenue grew 16.1% to $102.9 millionStudent starts increased 12.3%; 11.4% increase in quarter-end student populationNet loss of $700,000 and Adjusted EBITDA of $6.2 millionTotal liquidity of more than $100 million; no debt outstandingNew East Point, Georgia campus student starts to date exceeds full-year planRaised outlook for full year Revenue; raised lower end of adjusted EBITDA, adjusted net income and s
PARSIPPANY, N.J., July 25, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) ("Lincoln") announced today that it will host a conference call to discuss its second quarter financial results on Thursday, August 8, 2024 at 10:00 a.m. Eastern time. A news release outlining Lincoln's results will be issued before 9:30 a.m. Eastern time on that day. To access the live webcast of the conference call, please go to the investor relations section of Lincoln's website at http://www.lincolntech.edu. Participants may also register via teleconference at: Q2 2024 Lincoln Educational Services Earnings Conference Call. Once registration is completed, participants will be prov
Parsippany, NJ, May 21, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), a national leader in specialized technical training for more than 75 years, today announced that Scott Shaw, President and CEO, and Brian Meyers, Chief Financial Officer, will be attending several investor conferences and meetings in May and June, highlighting the continued business momentum and growth drivers generating increased shareholder valuation. May 22nd and 23rd - B. Riley Securities 24th Annual Institutional Investor Conference in Beverly Hills, CA will be holding a fireside chat with Mr. Shaw on Thursday, May 23rd at 1pm PT (4pm ET). One-on-one meetings with management
PARSIPPANY, N.J., May 07, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) today announced that its Board of Directors has authorized extension of its share repurchase program for an additional twelve months through May 24, 2025. On May 24, 2022, the Company announced that its Board of Directors had authorized a share repurchase program of up to $30 million of the Company's outstanding common stock. The repurchase program was initially authorized for twelve months and has since been extended and increased to $40 million. Since inception of the program, the Company has made repurchases of approximately 1.7 million shares of the Company's common stock at an av
PARSIPPANY, N.J., May 06, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) today announced financial and operating results for the first quarter ended March 31, 2024, as well as recent business developments. First Quarter 2024 Financial Highlights* Revenue grew 19.7% to $103.4 millionAdjusted EBITDA tripled to $6.5 millionStudent starts increased 15.3%Ended quarter with 1,388 additional students, a 11.2% increase in populationTotal liquidity of over $109 million; no debt outstandingIncreasing guidance for full year Revenue, Adjusted EBITDA and Adjusted Net Income Recent Developments Classes commenced at our newest campus in East Point, GeorgiaEnte
PARSIPPANY, N.J., April 25, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) ("Lincoln") announced today that it will host a conference call to discuss its first quarter financial results on Monday, May 6, 2024 at 10:00 a.m. Eastern time. A news release outlining Lincoln's results will be issued before 9:30 a.m. Eastern time on that day. To access the live webcast of the conference call, please go to the investor relations section of Lincoln's website at http://www.lincolntech.edu. Participants may also register via teleconference at: Q1 2024 Lincoln Educational Services Earnings Conference Call. Once registration is completed, participants will be provide
Reiterates Full year 2024 Outlook Company Hosting Investor Day Today Beginning at Noon ET PARSIPPANY, N.J., March 19, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), which is hosting its first Investor Day today at its new East Point campus in Georgia, expects to continue its strong business momentum during the first quarter ending March 31, 2024. Student start growth is projected to significantly improve from the prior year, with growth of approximately 15.0% compared to 6.4%, excluding the transitional segment in 2022. "Our team continues to successfully execute the Company's transformative growth strategies as the interest in skilled trade careers co
PARSIPPANY, N.J., March 15, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) today announced that J. Barry Morrow has notified the Company's Board of Directors of his decision not to stand for re-election at the Company's 2024 Annual Meeting of Shareholders. Mr. Morrow joined the Board in 2006 and currently serves as non-executive Chair of the Board. The Company also announced that the Board of Directors had selected current Board member John A. Bartholdson to succeed Mr. Morrow as the next Chair of the Board following the 2024 Annual Meeting of Shareholders to be held in May. Mr. Bartholdson has been a member of the Board of Directors since 2019. "The Boar