Lincoln Educational Services Corporation
Description
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. The company operates schools under the Lincoln Technical Institute, Lincoln College of Technology, Lincoln Culinary Institute, Euphoria Institute of Beauty Arts and Sciences, and other brand names. Lincoln Educational Services Corporation was founded in 1946 and is based in Parsippany, New Jersey.
About
CEO
Mr. Scott M. Shaw
Employees
1,800
Instrument type
Common Stock
Sector
Consumer Defensive
Industry
Education & Training Services
MIC code
XNGS
Address
14 Sylvan Way, Parsippany, NJ 07054, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 10, 2025 | — | — | — | — |
| Aug 6, 2025 | — | — | — | — |
| May 5, 2025 | — | — | — | — |
| Feb 24, 2025 | 0.20 | — | — | — |
| Nov 11, 2024 | 0.09 | 0.13 | 0.04 | 44.44% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 0 | — | 1 |
| Average estimate | — | 0.00 | — | 0.69 |
| Low estimate | — | 0.00 | — | 0.69 |
| High estimate | — | 0.00 | — | 0.69 |
| Last year EPS | — | — | — | 0.54 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-10.740%
Next qtr. (Mar 2025)
—
Current year
11.590%
Next year (Dec 2025)
27.780%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 378.07M | 348.29M | 335.34M | 293.10M | 273.34M |
| Cost of revenue | 162.28M | 148.75M | 138.93M | 122.20M | 123.50M |
| Gross profit | 215.80M | 199.54M | 196.41M | 170.90M | 149.85M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 209.14M | 182.39M | 168.92M | 156.20M | 145.18M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 6.66M | 17.15M | 27.48M | 14.70M | 4.67M |
| Non operating interest income | |||||
| Income | 2.63M | 318,000 | — | — | 8,000 |
| Expense | 347,000 | 160,000 | 2.02M | 1.28M | 2.96M |
| Other income expense | 26.70M | -872,000 | 21.78M | 81,000 | 567,000 |
| Pretax income | 35.64M | 16.44M | 47.25M | 13.51M | 2.28M |
| Tax provision | 9.64M | 3.80M | 12.53M | -35.06M | 268,000 |
| Net income | 26.00M | 12.63M | 34.72M | 48.57M | 2.02M |
| Basic EPS | 0.86 | 0.36 | 1.04 | 1.49 | 0.08 |
| Diluted EPS | 0.85 | 0.36 | 1.04 | 1.49 | 0.08 |
| Basic average shares | 30.11M | 25.88M | 25.08M | 24.75M | 24.55M |
| Diluted average shares | 30.11M | 25.88M | 25.08M | 24.75M | 24.55M |
| EBITDA | 15.88M | 23.83M | 34.62M | 22.10M | 12.80M |
| Net income from continuing op. | 26.00M | 12.63M | 34.72M | 48.57M | 2.02M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | 2.31M | 7.40M | 10.37M | 92,000 |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 345.25M | 291.57M | 295.30M | 245.19M | 194.76M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 75.99M | 46.07M | 83.31M | 38.03M | 23.64M |
| Other short term investments | — | 14.76M | — | — | — |
| Accounts receivable | 35.69M | 37.18M | 26.16M | 30.02M | 20.65M |
| Other receivables | — | — | — | — | — |
| Inventory | 2.95M | 2.62M | 2.72M | 2.39M | 1.61M |
| Prepaid assets | — | — | 4.88M | 3.72M | 383,000 |
| Restricted cash | 4.28M | 4.21M | — | — | — |
| Assets held for sale | 10.20M | 4.56M | 4.56M | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 5.56M | 4.74M | 4.88M | 3.72M | 4.19M |
| Non current assets | |||||
| Properties | 105.72M | 93.10M | 91.49M | 55.19M | 49.07M |
| Land and improvements | 52,000 | 52,000 | 645,000 | 6.97M | 6.97M |
| Machinery furniture equipment | 81.81M | 83.34M | 86.19M | 82.87M | 82.73M |
| Construction in progress | 7.62M | 888,000 | 1.56M | 327,000 | 320,000 |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -140.16M | -146.37M | -153.34M | -176.30M | -172.41M |
| Goodwill | 21.48M | 29.07M | 29.07M | 29.07M | 29.07M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 42.51M | 45.86M | 44.53M | 52.92M | 31.34M |
| Total liabilities | 178.45M | 146.69M | 153.90M | 142.14M | 139.63M |
| Current liabilities | |||||
| Accounts payable | 18.15M | 10.50M | 12.30M | 15.68M | 14.58M |
| Accrued expenses | 2.10M | 1.39M | 2.28M | 1.60M | 4.08M |
| Short term debt | 11.81M | 9.63M | 11.48M | 10.50M | 11.14M |
| Deferred revenue | 26.91M | 24.15M | 25.41M | 23.45M | 23.41M |
| Tax payable | 4.57M | 3.87M | 2.75M | 3.11M | — |
| Pensions | 9.85M | 5.45M | 11.66M | 12.48M | 3.79M |
| Other current liabilities | 33,000 | 31,000 | 15,000 | 26,000 | 199,000 |
| Non current liabilities | |||||
| Long term debt | 104.98M | 91.00M | 86.41M | 67.91M | 78.05M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | 153,000 |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 56,000 | — | — | 3.13M | 214,000 |
| Shareholders equity | |||||
| Common stock | 48.18M | 49.07M | 141.38M | 141.38M | 141.38M |
| Retained earnings | 69.28M | 51.23M | 39.70M | 6.20M | -42.06M |
| Other shareholders equity | -36,000 | -960,000 | -1.24M | -4.17M | -3.46M |
| Total shareholders equity | 166.80M | 144.88M | 141.40M | 103.05M | 55.13M |
| Additional paid in capital | 49.38M | 45.54M | 32.44M | 30.51M | 30.15M |
| Treasury stock | — | — | 82.86M | 82.86M | 82.86M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2001 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||
| Net Income | 26.00M | 12.63M | 34.72M | 48.57M | 2.02M | -6.55M | -11.48M | -28.30M | -3.35M | -56.13M | -51.29M | -37.19M | 17.54M | 69.73M | 49.24M | 20.20M | 8.34M | 15.55M | 18.71M | 12.98M | 8.22M | — |
| Depreciation | 6.60M | 6.36M | 7.14M | 7.40M | 8.12M | 8.42M | 8.70M | 11.07M | 14.51M | 19.34M | 23.70M | 26.85M | 28.46M | 26.22M | 24.24M | 17.92M | 15.93M | 15.06M | 13.28M | 11.12M | 10.57M | 5.47M |
| Deferred Taxes | 1.63M | 1.29M | 12.01M | -35.87M | 153,000 | — | -424,000 | — | — | -4.53M | 26.49M | -14.23M | 3.04M | 947,000 | -2.68M | -298,000 | -2.76M | -3.66M | 340,000 | -329,000 | 1.29M | — |
| Stock-Based Compensation | 5.89M | 3.11M | 2.89M | 1.69M | 679,000 | 522,000 | 1.22M | 1.44M | 1.13M | 2.62M | 3.00M | 4.34M | 3.54M | 2.67M | 2.38M | 2.20M | — | — | — | — | — | — |
| Other Non-Cash Items | 175,000 | — | 136,000 | 181,000 | 190,000 | -589,000 | -729,000 | -6.25M | -3.15M | 78,000 | -414,000 | 421,000 | 768,000 | 1.57M | 37.32M | 22.05M | 23.25M | 18.07M | — | — | — | — |
| Accounts Receivable | -45.76M | -48.64M | -26.50M | -37.38M | -25.99M | -23.84M | -15.73M | -15.70M | -13.22M | -14.47M | -15.05M | -19.20M | -15.32M | -36.73M | -51.07M | -22.78M | -28.11M | -21.87M | -11.53M | -11.00M | -10.13M | — |
| Accounts Payable | 5.04M | -2.03M | -3.68M | 856,000 | 444,000 | 3.75M | -3.19M | 742,000 | 1.00M | -2.73M | 1.46M | -2.18M | -5.51M | 2.34M | 358,000 | 818,000 | — | — | — | — | — | — |
| Other Assets & Liabilities | 4.58M | -1.24M | -982,000 | 2.11M | -2.14M | -417,000 | -838,000 | -6.77M | 1.90M | 6.62M | -6.56M | -4.21M | -20.02M | -1.14M | 4.48M | 959,000 | 1.34M | -5.65M | 1.80M | -208,000 | 9.86M | — |
| Operating Cash Flow | 4.15M | -28.51M | 25.74M | -12.46M | -16.53M | -18.69M | -22.48M | -43.77M | -1.17M | -49.21M | -18.66M | -45.40M | 12.51M | 65.60M | 64.26M | 41.07M | 17.99M | 17.51M | 22.60M | 12.57M | 19.80M | 5.47M |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | 33.31M | 2.39M | 45.38M | — | — | 2.35M | 15.46M | 451,000 | 451,000 | 67,000 | 750,000 | 124,000 | 36,000 | 77,000 | 90,000 | 46,000 | -24.75M | -18.37M | -22.62M | -23.81M | -13.13M | — |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | — | — | -1.47M | — | — | -27.55M | -10.52M | — | -32.87M | -27.78M | -14.50M | -7.58M | — |
| Purchase of Investments | -24.34M | -14.76M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | 39.10M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 3.03M | — |
| Investing Cash Flow | 48.07M | -12.37M | 45.38M | 97,000 | 575,000 | 2.35M | 14.67M | 1.41M | 451,000 | 67,000 | 750,000 | -1.35M | 730,000 | 241,000 | -27.58M | -11.04M | -23.83M | -52.16M | -50.40M | -38.31M | -8.68M | — |
| Financing Activities | ||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | 11.00M | 40.05M | 31.00M | 75.90M | — | 53.50M | 47.50M | 59.50M | 37.50M | — | 20.00M | 64.00M | 23.00M | — | — | — | — | — | — |
| Long-Term Debt Payments | — | — | -17.83M | -28.00M | -54.51M | -35.10M | -66.77M | -3.25M | -44.32M | -72.44M | -42.91M | -481,000 | -20.44M | -20.38M | -45.92M | -28.20M | — | — | — | — | — | — |
| Other Financing Charges | — | — | — | 3,000 | -1.69M | -94,000 | -1.24M | -645,000 | 4.56M | 24.50M | -55.36M | -659,000 | 158,000 | 1.48M | 284,000 | 331,000 | 73,000 | 499,000 | 181,000 | 251,000 | — | — |
| Financing Cash Flow | -891,000 | -10.56M | -19.05M | -18.38M | -3.46M | -4.19M | 7.89M | -3.90M | 13.74M | -4.76M | -99.98M | 29.92M | -38.77M | -54.54M | 7.11M | -11.46M | 270,000 | 1.23M | 60.00M | 348,000 | 25,000 | — |
| Other Cash Details | ||||||||||||||||||||||
| End Cash Position | 80.27M | 50.29M | 83.31M | 38.03M | 38.64M | 45.95M | 54.55M | 47.72M | 38.42M | 12.30M | 12.89M | 61.71M | 26.52M | 66.00M | 46.08M | 15.23M | 3.50M | 6.46M | 50.26M | 41.45M | 48.97M | — |
| Income Tax Paid | 7.20M | 1.47M | 737,000 | 179,000 | 118,000 | 191,000 | 139,000 | 150,000 | 89,000 | 145,000 | 410,000 | 226,000 | 23.22M | — | — | — | — | — | — | — | — | — |
| Interest Paid | 110,000 | 171,000 | 1.53M | 1.11M | 2.16M | 2.03M | 2.79M | 5.27M | 7.16M | 4.60M | 4.21M | 4.18M | 4.00M | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | -15.14M | -8.10M | 19.92M | 17.91M | -4.40M | -6.39M | -16.08M | -9.70M | 12.12M | 4.55M | -3.29M | 7.15M | -1.28M | 72.11M | 49.15M | 34.01M | -9.03M | -4.08M | 16.35M | 2.86M | 14.01M | — |
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