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Last $0.57 USD
Change Today -0.0453 / -7.31%
Volume 207.2K
LINC On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

lincoln educational services (LINC) Snapshot

Open
$0.64
Previous Close
$0.62
Day High
$0.64
Day Low
$0.50
52 Week High
11/6/14 - $3.83
52 Week Low
08/28/15 - $0.50
Market Cap
13.8M
Average Volume 10 Days
60.8K
EPS TTM
$-0.28
Shares Outstanding
24.0M
EX-Date
03/10/15
P/E TM
--
Dividend
--
Dividend Yield
6.96%
Current Stock Chart for LINCOLN EDUCATIONAL SERVICES (LINC)

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lincoln educational services (LINC) Details

Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services in the United States. It offers degree and diploma programs in five principal areas of study, including automotive technology, health sciences, skilled trades, hospitality services, and business and information technology to recent high school graduates and working adults. As of March 10, 2015, it operated 31 campuses in 15 states under the Lincoln College of Technology, Lincoln Technical Institute, Euphoria Institute of Beauty Arts and Sciences, Lincoln Culinary Institute, and Lincoln College of New England brand names. The company was founded in 1946 and is based in West Orange, New Jersey.

2,191 Employees
Last Reported Date: 03/16/15
Founded in 1946

lincoln educational services (LINC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $400.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $263.7K
Executive Vice President, General Counsel and...
Total Annual Compensation: $273.5K
Compensation as of Fiscal Year 2014.

lincoln educational services (LINC) Key Developments

Lincoln Educational Services Corporation Announces Resignation of Douglas G. DelGrosso as Board of Director

Lincoln Educational Services Corporation announced that Douglas G. DelGrosso resigned from the company's board of directors effective immediately. Mr. DelGrosso has been a member of the Board of Directors since 2014. He was also a member of the company's Audit and Compensation Committees.

Charles F. Kalmbach Resigns from Lincoln Educational Services Corporation's Board of Directors

On August 3, 2015, Charles F. Kalmbach resigned from Lincoln Educational Services Corporation's board of directors effective immediately. Mr. Kalmbach has been a member of the Board of Directors since 2008. He was also a member of the company's Audit and Nominating and Corporate Governance Committee.

Lincoln Educational Services Corporation Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

Lincoln Educational Services Corporation reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s revenue was $72.4 million compared with $76.4 million in 2014 quarter. This was a result of a 6.6% decline in average student population, which decreased to approximately 12,700 from approximately 13,600. The revenue decline from lower student population was partially offset by a 1.5% increase in average revenue per student primarily related improved student retention. Operating loss was $6.2 million, or 33.7% improvement from the second quarter of 2014 operating loss of $9.364 million. The reduced operating loss was driven by a $3.3 million reduction in educational services and facilities expense, and a $3.8 million decrease in selling, general and administrative expenses. Net loss from continuing operations improved 30.5% to $7.6 million, or $0.33 per share, compared $10.9 million, or $0.48 per share, for the second quarter of 2014. Loss from continuing operations before income taxes was $7.555 million against $10.526 million a year ago. Net loss was $7.605 million or $0.33 per diluted share against $11.596 million or $0.51 per diluted share a year ago. EBITDA was $2.263 million against $4.441 million a year ago. Net cash used in operating activities was $5.341 million against $6.519 million a year ago. For the six months, the company’s revenue was $149.1 million versus $155.6 million in the comparable period in 2014. Excluding the merged campuses, 2015 revenue decreased by $4.6 million, or 3.0%, and average student population declined 3.7%. Operating loss was $11.6 million, a 35.2% improvement from the comparable period in 2014 operating loss of $17.977 million. Net loss from continuing operations improved 36.2% to $14.5 million, or $0.63 per share, compared $22.7 million, or $0.93 per share in 2014. Loss from continuing operations before income taxes was $14.388 million against $20.399 million a year ago. Net loss was $14.488 million or $0.63 per diluted share against $22.691 million or $1.00 per diluted share a year ago. EBITDA was $3.810 million against $8.034 million a year ago. Net cash used in operating activities was $11.646 million against $14.899 million a year ago. The company announced that based on the second quarter performance as well as current industry trends, revenue from continuing operations for 2015 is now expected to be approximately $300 million, and student starts are now expected to decline approximately 10% for 2015. Based on the latest revenue outlook, management is also updating the previously provided net loss per share guidance for 2015 to now range between $0.45 and to $0.50. Management continues to expect to generate positive cash flow from operations.

 

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LINC Competitors

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Company Last Change
American Public Education Inc $22.36 USD +0.47
Capella Education Co $49.20 USD +1.17
National American University Holdings Inc $2.73 USD -0.04
Strayer Education Inc $52.87 USD +0.47
Universal Technical Institute Inc $4.49 USD +0.04
View Industry Companies
 

Industry Analysis

LINC

Industry Average

Valuation LINC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.0x
Price/Book 0.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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