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 |
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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
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PARSIPPANY, N.J., Nov. 14, 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 16th Annual Southwest IDEAS Investor Conference, being held in Dallas, TX on November 21 and 22, 2024. The presentation will be webcast and can be accessed through the conference host's main website at www.threepartadvisors.com/southwest. Mr. Shaw will review the recent third quarter performance, with revenue growing 15%, student starts increasing 21.1% and adjusted EBITDA increasing 67% compared to the year-ago
PARSIPPANY, N.J., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) today announced financial and operating results for the third quarter ended September 30, 2024, as well as recent business developments. Third Quarter 2024 Financial Highlights & Recent Operating Developments* Revenue increased by 15.0% to $114.4 millionStudent starts grew by 21.1%; quarter-end student population rose by 13.3%Net income of $4.0 million and adjusted EBITDA of $10.2 millionTotal liquidity in excess of $90 million, no debt outstandingRecently opened East Point, Georgia campus outperforming first-year operating planRaised 2024 financial guidance *Note: The highlighted
PARSIPPANY, N.J., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) ("Lincoln") announced today that it will host a conference call to discuss its third quarter financial results on Monday, November 11, 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: Q3 2024 Lincoln Educational Services Earnings Conference Call. Once registration is completed, participants will be prov
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, NJ, Sept. 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 introduction of Air Conditioning, Refrigeration and Heating Systems (HVAC) Technology and Electrical and Electronic Systems Technology (EEST) career training programs at its Moorestown, NJ campus. For more than 10 years, the Moorestown campus – serving students and employers throughout the Trenton-Camden corridor – has been a leading destination for healthcare and IT career training. Now with a gap of more than 30,000 openings projected across the state for the HVAC and electrical/electro
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., Nov. 14, 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 16th Annual Southwest IDEAS Investor Conference, being held in Dallas, TX on November 21 and 22, 2024. The presentation will be webcast and can be accessed through the conference host's main website at www.threepartadvisors.com/southwest. Mr. Shaw will review the recent third quarter performance, with revenue growing 15%, student starts increasing 21.1% and adjusted EBITDA increasing 67% compared to the year-ago
PARSIPPANY, N.J., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) today announced financial and operating results for the third quarter ended September 30, 2024, as well as recent business developments. Third Quarter 2024 Financial Highlights & Recent Operating Developments* Revenue increased by 15.0% to $114.4 millionStudent starts grew by 21.1%; quarter-end student population rose by 13.3%Net income of $4.0 million and adjusted EBITDA of $10.2 millionTotal liquidity in excess of $90 million, no debt outstandingRecently opened East Point, Georgia campus outperforming first-year operating planRaised 2024 financial guidance *Note: The highlighted
PARSIPPANY, NJ – November 7, 2024, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), a national leader in specialized technical training for more than 75 years, has announced that its partnership with Johnson Controls has resulted in more than 500 job placements for skilled building trade graduates since 2018. At a recent series of recruiting events, more than 100 Lincoln Tech students received job offers from Johnson Controls, the global leader in smart, healthy and sustainable buildings. This milestone highlights the ongoing success of the organizations' collaboration in addressing the growing skills gap in the building technology industry, providi
Parsippany, NJ, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), a national leader in specialized technical training for more than 75 years, has announced that two members of its Board of Directors have been named to Board Prospect Magazine's annual list of Top 100 Latino Board Members. Anna Cabral and Marta Newhart were named to Board Prospect's list, which is compiled each year in honor of Hispanic Heritage Month. "We're proud to have two of our Directors named to this prestigious group of Latino leaders," says Scott Shaw, Lincoln Tech's President and CEO. "We serve a very diverse student population, and we have selected talented and accomplish
Parsippany, NJ, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), a national leader in specialized technical training for more than 75 years, has been recognized by Newsweek for its annual list of America's Greatest Workplaces. This marks the second consecutive year Lincoln has received the award, based on a review of both the corporate headquarters in Parsippany, NJ and its campuses across the country. "At Lincoln Educational Services, we know the value of developing and retaining the strongest possible workforce," says Scott Shaw, Lincoln's President and CEO. "We are always seeking feedback from our teams across the country about where we can im
PARSIPPANY, N.J., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) ("Lincoln") announced today that it will host a conference call to discuss its third quarter financial results on Monday, November 11, 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: Q3 2024 Lincoln Educational Services Earnings Conference Call. Once registration is completed, participants will be prov
PARSIPPANY, NJ – October 21, 2024, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC), a national leader in specialized technical training for more than 75 years, has partnered with Hyundai Motor America (HMA) & Genesis Motor America (GMA) to launch two new employer-specific training programs. These programs will supplement Lincoln Tech's Automotive Service Technology programs across the country and help students build skills on Hyundai/Genesis equipment and systems, while helping the employer build its technician workforce. Interested students will have the chance to select between the Hyundai Performance Institute Technician Student Program or the
PARSIPPANY, NJ – October 17, 2024, Oct. 17, 2024 (GLOBE NEWSWIRE) -- The Lincoln Foundation for Education Inc. (LiFE), a nonprofit 501(c)(3) organization founded in 2016, has received a generous donation from Matco Tools, a leading global provider of industry-standard tools and equipment for the auto, diesel, and collision repair industries. Matco Tools has agreed to provide $100,000 each year through 2028 to LiFE to benefit students attending Lincoln Technical Institute (LTI) and training for new careers in these fields. The funds will be made available as scholarships and awards for both new and currently enrolled LTI students. "We are incredibly grateful to Matco Tools for supporting
Parsippany, NJ, Sept. 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 introduction of Air Conditioning, Refrigeration and Heating Systems (HVAC) Technology and Electrical and Electronic Systems Technology (EEST) career training programs at its Moorestown, NJ campus. For more than 10 years, the Moorestown campus – serving students and employers throughout the Trenton-Camden corridor – has been a leading destination for healthcare and IT career training. Now with a gap of more than 30,000 openings projected across the state for the HVAC and electrical/electro
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