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Lincoln Educational Services

Lincoln Educational Services

LINC · NASDAQ · Consumer Defensive / Education & Training Services

22.81USD-0.17 (-0.74%)

Price History

Full chart

Market Stats

Previous Close22.98
Open23.01
Day Range22.13 – 23.55
52-Week Range17.29 – 56.34
Volume655.10K
Market Cap688.99M
P/E (TTM)29.75
Forward P/E26.04
EPS0.73
Dividend Yield0.00%
Beta0.79
50-Day Avg30.97
200-Day Avg36.13

About

Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented postsecondary education services to high school graduates and working adults in the United States. It operates in two segments, Campus Operations and Transitional. The company 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; and health science and information technology programs. It operates schools under the Lincoln Technical Institute, Lincoln College of Technology, and Nashville Auto Diesel College brands. Lincoln Educational Services Corporation was founded in 1946 and is headquartered in Parsippany, New Jersey.

Company Details

  • SectorConsumer Defensive
  • IndustryEducation & Training Services
  • CEOMr. Scott M. Shaw
  • Employees2.19K
  • Headquarters14 Sylvan Way, Parsippany, NJ, United States, 07054, USA
  • Websitehttps://www.lincolntech.edu

Leadership

  • Mr. Scott M. ShawPresident, CEO & Director · b. 1963
  • Mr. Brian K. Meyers CPAExecutive VP, CFO & Treasurer · b. 1967
  • Mr. Chad D. NyceExecutive VP & COO · b. 1973
  • Ms. Alexandra M. Luster J.D.Senior VP, General Counsel & Corporate Secretary · b. 1965
  • Mr. Stephen E. AceSenior VP & Chief Human Resources Officer · b. 1964
  • Mr. Neal GoldsteinSenior VP & Chief Information Officer
  • Mr. Francis S. GiglioSenior Vice President of Compliance & Regulatory Services
  • Mr. Scott WatkinsChief Marketing Officer
  • Mr. James A. Rasmussen Jr.Senior VP of Admissions & Group VP
  • David B. ShawSenior Vice President of Finance

Financials

Income Statement

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue105.74M139.20M198.88M261.27M299.22M321.51M327.77M376.91M552.54M639.49M512.63M402.70M345.02M325.02M193.22M196.91M261.85M263.20M273.34M293.10M335.34M348.29M378.07M440.06M518.24M
Growth (%)-+31.65%+42.87%+31.37%+14.52%+7.45%+1.95%+14.99%+46.60%+15.74%-19.84%-21.44%-14.32%-5.80%-40.55%+1.91%+32.98%+0.51%+3.85%+7.23%+14.41%+3.86%+8.55%+16.40%+17.76%
Cost of Revenue52.95M66.58M85.20M104.84M121.52M136.63M139.50M153.53M211.29M239.74M222.96M192.21M172.69M164.35M92.17M94.92M129.41M125.37M123.50M122.20M138.93M148.75M162.28M181.76M205.39M
Gross Profit52.79M72.62M113.68M156.43M177.70M184.88M188.27M223.38M341.24M399.76M289.67M210.49M172.34M160.67M101.06M101.99M132.44M137.83M149.85M170.90M196.41M199.54M215.79M258.31M312.85M
Gross Margin49.92%52.17%57.16%59.87%59.39%57.50%57.44%59.27%61.76%62.51%56.51%52.27%49.95%49.43%52.30%51.79%50.58%52.37%54.82%58.31%58.57%57.29%57.08%58.70%60.37%
Operating Expense59.02M70.67M97.69M131.31M145.19M156.87M162.38M187.80M252.92M277.12M254.78M238.15M181.90M209.22M100.28M107.15M137.16M141.78M144.61M156.12M147.14M183.26M182.44M243.13M282.95M
Operating Income-6.23M1.95M15.99M25.12M32.51M28.00M25.89M35.58M88.32M122.64M34.89M-27.66M-9.56M-48.55M778.00K-5.16M-4.72M-3.95M5.24M14.78M49.26M16.28M33.36M15.18M29.91M
Operating Margin-5.89%1.40%8.04%9.62%10.86%8.71%7.90%9.44%15.98%19.18%6.81%-6.87%-2.77%-14.94%0.40%-2.62%-1.80%-1.50%1.92%5.04%14.69%4.67%8.82%3.45%5.77%
EBITDA-759.00K72.62M26.25M36.20M48.37M45.68M25.89M53.61M112.62M148.93M63.42M14.12M19.97M17.51M19.41M-10.91M4.04M4.50M13.36M22.10M7.22M22.96M42.76M28.61M50.34M
EBITDA Margin-0.72%52.17%13.20%13.86%16.16%14.21%7.90%14.22%20.38%23.29%12.37%3.51%5.79%5.39%10.05%-5.54%1.54%1.71%4.89%7.54%2.15%6.59%11.31%6.50%9.71%
Net Income-4.64M-674.00K8.22M12.98M18.71M15.55M8.34M20.20M49.24M69.73M17.54M-37.19M-51.29M-56.13M-3.35M-28.30M-11.48M-6.54M2.02M48.56M34.72M12.63M26.00M9.89M20.00M
Net Income Margin-4.39%-0.48%4.13%4.97%6.25%4.84%2.54%5.36%8.91%10.90%3.42%-9.23%-14.86%-17.27%-1.73%-14.37%-4.39%-2.49%0.74%16.57%10.35%3.63%6.88%2.25%3.86%
R&D----------00000000-------
R&D as % of Total Revenue----------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense000002.29M2.34M2.15M4.28M4.53M4.37M4.47M4.27M3.43M8.02M6.13M7.10M2.42M2.96M1.27M2.02M160.00K347.00K2.56M3.39M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.71%0.71%0.57%0.77%0.71%0.85%1.11%1.24%1.06%4.15%3.11%2.71%0.92%1.08%0.44%0.60%0.05%0.09%0.58%0.65%

Balance Sheet

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets89.12M-139.35M162.73M214.79M226.22M246.18M268.04M388.37M412.82M362.25M346.77M305.95M213.71M210.28M163.21M155.21M146.04M194.76M245.19M295.30M291.57M345.25M436.56M493.16M
Total Liabilities--96.43M104.64M78.80M74.43M83.72M93.09M169.73M190.34M123.23M148.30M160.75M130.70M129.28M90.82M109.40M106.17M139.63M142.14M153.90M146.69M178.44M258.29M293.48M
Total Equity34.10M-42.92M58.09M135.99M151.78M162.47M174.95M218.64M222.49M239.03M198.48M145.20M83.01M81.00M72.39M45.81M39.87M55.13M103.05M141.40M144.88M166.80M178.26M199.69M
Cash7.40M-48.97M41.45M50.26M6.46M3.50M15.23M46.08M66.00M26.52M61.71M67.39M42.30M38.42M21.06M14.56M17.57M23.64M38.03M83.31M46.07M75.99M59.27M28.52M
Total Debt--43.06M46.83M10.77M9.86M15.38M10.17M20.01M20.00M72.53M73.53M90.12M65.18M58.22M41.96M64.36M48.77M89.19M78.42M97.89M100.63M116.79M177.56M203.86M
Net Debt-7.40M--5.91M5.38M-39.49M3.40M11.88M-5.06M-26.07M-45.99M46.01M11.82M22.73M22.88M19.80M20.89M38.03M31.20M65.54M40.39M14.58M54.56M40.79M118.29M175.34M

Cash Flow

Currency: USD2001-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-4.64M9.72M26.67M38.97M15.26M15.73M54.18M73.17M114.46M36.84M15.99M3.25M12.02M14.34M-6.11M-11.32M-1.69M988.00K23.48M27.45M882.00K25.56M29.31M59.19M
Investing Cash Flow-7.32M-2.15M-38.31M-50.40M-52.16M-23.83M-31.20M-51.59M-42.11M-37.39M-10.19M-5.79M-7.41M-1.77M-2.18M-22.89M-2.35M-4.81M-5.48M37.85M-21.35M7.37M-46.97M-86.20M
Financing Cash Flow--3.89M4.12M20.24M-6.89M5.14M-11.24M9.27M-52.43M-38.92M29.39M-46.28M-5.20M13.55M-9.07M27.70M-4.57M-3.48M-18.62M-20.01M-12.55M-2.94M-3.33M-3.75M
Capital Expenditure7.32M3.60M23.81M22.62M19.34M24.77M20.17M24.02M42.35M38.12M8.84M6.54M7.47M2.22M3.60M4.75M4.70M5.38M5.58M7.53M8.99M40.70M56.87M86.63M
Free Cash Flow-11.97M6.13M2.86M16.34M-4.08M-9.03M34.01M49.15M72.11M-1.28M7.15M-3.29M4.55M12.12M-9.70M-16.08M-6.39M-4.40M17.91M19.92M-8.10M-15.14M-27.56M-27.44M
Dividends Paid-------66.16M5.55M18.49M6.44M6.71M4.32M001.38M1.38M1.38M1.38M1.22M1.11M199.00K0-
FCF to OCF257.63%62.99%10.73%41.95%-26.76%-57.39%62.78%67.17%63.00%-3.48%44.71%-101.42%37.85%84.53%158.88%142.00%377.27%-445.04%76.24%72.56%-918.82%-59.24%-94.04%-46.36%
Dividend Paid to FCF-------134.61%7.70%-1443.40%90.16%-203.80%94.97%0.00%0.00%-8.57%-21.56%-31.34%7.70%6.12%-13.71%-1.31%0.00%-

Earnings

Report DateAug 1, 2005Nov 4, 2005Feb 28, 2006May 4, 2006Aug 3, 2006Nov 9, 2006Mar 7, 2007May 3, 2007Aug 7, 2007Nov 8, 2007Mar 6, 2008May 8, 2008Aug 6, 2008Nov 5, 2008Mar 5, 2009May 6, 2009Aug 5, 2009Nov 5, 2009Mar 3, 2010May 5, 2010Aug 5, 2010Nov 3, 2010Mar 3, 2011May 5, 2011Aug 3, 2011Nov 2, 2011Mar 7, 2012May 3, 2012Aug 2, 2012Nov 5, 2012Mar 6, 2013May 2, 2013Aug 7, 2013Nov 5, 2013Mar 5, 2014May 7, 2014Aug 8, 2014Nov 4, 2014Mar 10, 2015May 6, 2015Aug 5, 2015Nov 4, 2015Mar 2, 2016May 5, 2016Aug 3, 2016Nov 3, 2016Mar 1, 2017May 11, 2017Aug 7, 2017Nov 8, 2017Feb 28, 2018May 9, 2018Aug 8, 2018Nov 7, 2018Mar 6, 2019May 9, 2019Aug 14, 2019Nov 14, 2019Feb 26, 2020May 13, 2020Aug 11, 2020Nov 11, 2020Mar 3, 2021May 10, 2021Aug 9, 2021Nov 8, 2021Feb 28, 2022May 9, 2022Aug 8, 2022Nov 7, 2022Feb 27, 2023May 8, 2023Aug 7, 2023Nov 6, 2023Feb 26, 2024May 6, 2024Aug 8, 2024Nov 11, 2024Feb 24, 2025May 12, 2025Aug 11, 2025Nov 10, 2025Feb 23, 2026May 11, 2026Aug 10, 2026Nov 9, 2026
EPS Estimate-0.230.440.060.030.230.37-0.07-0.190.34-0.010.040.210.440.080.190.390.690.400.440.620.890.360.160.100.23-0.19-0.16-0.030.09-0.31-0.31-0.150.07-0.56-0.53-0.160.33-0.36-0.36-0.130.09-0.26-0.210.050.08-0.22-0.250.010.31-0.39-0.240.050.33-0.22-0.160.090.39-0.18-0.190.050.230.060.030.100.48-0.020.060.070.26-0.01-0.020.050.280.02-0.010.140.290.040.040.120.420.04-0.010.12
EPS Actual0.000.220.480.110.050.090.37-0.05-0.070.180.370.020.050.230.490.220.270.500.820.550.500.761.200.460.220.130.28-0.14-0.14-0.070.31-0.29-0.27-0.090.14-0.28-0.30-0.120.47-0.30-0.330.120.37-0.26-0.120.050.11-0.46-0.28-0.060.31-0.28-0.17-0.020.20-0.22-0.120.050.33-0.080.020.080.310.130.060.110.73-0.00-0.010.130.270.030.010.110.220.060.050.130.310.110.090.200.500.140.06-
Surprise--4.35%9.09%83.33%66.67%-60.87%0.00%28.57%--5.26%8.82%300.00%25.00%9.52%11.36%175.00%42.11%28.21%18.84%37.50%13.64%22.58%34.83%27.78%37.50%30.00%21.74%26.32%12.50%-133.33%244.44%6.45%12.90%40.00%100.00%50.00%43.40%25.00%42.42%16.67%8.33%192.31%311.11%0.00%42.86%0.00%37.50%-109.09%-12.00%-700.00%0.00%28.21%29.17%-140.00%-39.39%0.00%25.00%-44.44%-15.38%55.56%110.53%60.00%34.78%116.67%100.00%10.00%52.08%92.50%-116.67%85.71%3.85%400.00%150.00%120.00%-21.43%200.00%600.00%-7.14%6.90%175.00%125.00%66.67%19.05%250.00%700.00%-
Timing-Pre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap688.99M
Enterprise Value952.53M
Trailing P/E29.75
Forward P/E26.04
PEG Ratio1.74
Price / Sales1.21
Price / Book3.80
EPS0.73
Book Value6.38
Revenue (TTM)570.78M
Gross Profit (TTM)341.56M
EBITDA60.64M
Profit Margin4.00%
Operating Margin2.30%
Return on Equity11.90%
Return on Assets4.20%
Shares Outstanding31.72M
Shares Float27.80M
Beta0.79
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 5 analystsTarget 50.20
  • Strong Buy
    4
  • Buy
    1

Ownership Breakdown

Institutions
95.32%
Insiders
7.14%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    2.18M6.88%
  • Juniper Investment Co, LLC
    1.73M5.46%
  • Needham Investment Management, LLC
    1.28M4.03%
  • Arnhold & S. Bleichroeder Advisers, LLC
    1.23M3.88%
  • Vanguard Capital Management, LLC
    1.20M3.79%
  • Next Century Growth Investors LLC
    1.18M3.71%
  • Divisadero Street Capital Management, LP
    825.56K2.60%
  • American Century Companies Inc
    814.08K2.57%
  • Alyeska Investment Group, L.P.
    777.83K2.45%
  • Geode Capital Management, LLC
    740.77K2.34%
  • Dimensional Fund Advisors, Inc.
    696.26K2.19%
  • Driehaus Capital Management LLC
    676.92K2.13%
  • Lord, Abbett & Co LLC
    623.16K1.96%
  • State Street Corp
    590.07K1.86%
  • Wasatch Advisors LP
    547.98K1.73%

Top Fund Holders

  • Needham Aggressive Growth Retail
    1.32M4.18%
  • Vanguard MStar Total Stk Mkt Idx Invest
    855.71K2.70%
  • AB Small Cap Growth A
    806.00K2.54%
  • iShares Russell 2000 ETF
    777.35K2.45%
  • Avantis US Small Cap Value ETF
    580.76K1.83%

Dividends

20144×
0.02Dec 11, 20140.02Sep 10, 20140.07Jun 11, 20140.07Mar 12, 2014
20134×
0.07Dec 11, 20130.07Sep 11, 20130.07Jun 12, 20130.07Mar 13, 2013
20124×
0.07Dec 12, 20120.07Sep 12, 20120.07Jun 13, 20120.07Mar 13, 2012
20114×
0.07Dec 13, 20110.25Sep 13, 20110.25Jun 13, 20110.25Mar 11, 2011
20101×
0.25Dec 13, 2010