Lincoln Educational Services
Career-school operator focused on skilled trades, automotive, health sciences, and IT programs.
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Profile
Runs U.S. career-school campuses under Lincoln Technical Institute, Lincoln College of Technology, and Nashville Auto Diesel College. Programs center on skilled trades, automotive, health sciences, and information technology, with Campus Operations carrying the continuing schools and federal student-aid rules shaping the model.
Runs career-oriented postsecondary programs through the current Lincoln school brands. The network is concentrated in the United States and serves recent high-school graduates and working adults seeking job-specific training.
Program emphasis sits in skilled trades and automotive, with health sciences and information technology rounding out the current offering. Campus Operations is the continuing-school segment; Transitional had no campuses classified during the latest context year after the Summerlin sale.
Execution depends on matching local program demand, instruction quality, placement outcomes, recruiting, and tuition levels in a fragmented market. The model also depends heavily on federal student-aid programs, and proprietary-school eligibility is shaped by Title IV rules.
Company facts
Key statistics
Year to date +9.2% · Average volume (30d) 985.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 11, 2026 | Lake Street | Reiterate | Buy | $55 | $50 |
| Aug 10, 2026 | Barrington | Target | $56 | $50 | |
| Jun 11, 2026 | Rosenblatt Securities | Target | $39 | $60 | |
| May 28, 2026 | Northland Securities | Target | $50 | $60 | |
| May 12, 2026 | Northland Securities | Target | $44 | $50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | $0.00 | $0.06 | — | $139.5M | $142.6M | +2.2% | −24.93% |
| May 11, 2026Q1 FY26 | $0.04 | $0.14 | +250.0% | $135.7M | $144.0M | +6.1% | +1.43% |
| Feb 23, 2026Q4 FY25 | $0.42 | $0.50 | +19.0% | $132.8M | $142.9M | +7.6% | +7.29% |
| Nov 10, 2025Q3 FY25 | $0.12 | $0.20 | +66.7% | $131.7M | $141.4M | +7.4% | +3.54% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $117.5M | $116.5M | $141.4M | $142.9M | $144.0M | $142.6M | |
| Gross profit | $70.1M | $69.7M | $84.1M | $89.0M | $85.6M | $82.9M | |
| Operating income | $3.2M | $2.6M | $6.3M | $17.8M | $6.4M | $3.3M | |
| Net income | $1.9M | $1.6M | $3.8M | $12.7M | $4.4M | $1.9M | |
| Diluted EPS | $0.06 | $0.05 | $0.12 | $0.42 | $0.14 | $0.06 | |
| Gross margin | 59.7% | 59.8% | 59.5% | 62.3% | 59.4% | 58.2% | |
| Operating margin | 2.7% | 2.3% | 4.5% | 12.5% | 4.5% | 2.3% |
Fiscal years (4-quarter sums)FY21 $335.3M · FY22 $348.3M · FY23 $378.1M · FY24 $440.1M · FY25 $518.2M
Revenue by product · FY24
Balance sheet, Jun 30, 2026Cash & short-term investments $44.2M · Total debt $228.1M · Total assets $529.8M · Shareholders' equity $202.4M
Dividends
No dividends on record.
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 31.72M · Float 27.79M · 87.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 2.48M | 7.83% | 13F | Aug 7, 2026 |
| John A. Bartholdson | 1.95M | 6.10% | 13D | Jun 15, 2026 |
| Juniper Investment Company, LLC | 1.73M | 5.46% | 13F | Aug 14, 2026 |
| AllianceBernstein L.P. | 1.56M | 4.93% | 13F | Aug 14, 2026 |
| Needham Investment Management LLC | 1.33M | 4.18% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 12, 2026 | Juniper Investment Company, LLC | other: Affiliate | −37,000 | $46.88 |
| Jun 11, 2026 | Juniper Investment Company, LLC | other: Affiliate | −11,812 | $47.87 |
| Jun 15, 2026 | Alexandra M. Luster | officer: SVP and General Counsel | −18,007 | $44.64 |
| Jun 10, 2026 | Kevin M. Carney | director | −3,000 | $48.00 |
| Jun 5, 2026 | Alexandra M. Luster | officer: SVP and General Counsel | −1,993 | $50.11 |
Peers
- Universal Technical Institute
Closest public peer across trades, transportation, and healthcare schools
- American Public Education
Health-sciences campuses and adult online programs for career learners
- Strategic Education
Adult higher-education and employer-benefit platform overlap
- Perdoceo Education
Online career education with added health-sciences overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Lincoln Educational Services | $25.93 | +1.91% | $806.7M | 34.4 | 27.0 | 1.4 | +22.4% |
| Universal Technical Institute | $21.31 | −0.07% | $1.17B | 34.5 | 31.0 | 1.3 | +7.2% |
| American Public Education | $46.01 | −0.07% | $844.0M | 18.9 | 17.7 | 1.3 | +5.5% |
| Strategic Education | $84.64 | +0.01% | $1.92B | 14.1 | 10.5 | 1.5 | +2.7% |
| Perdoceo Education | $33.57 | −0.03% | $2.10B | 12.3 | — | 2.5 | +1.8% |
| Median | 16.5 | 17.7 | 1.4 | +4.1% |