Last €2.63 EUR
Change Today +0.093 / 3.67%
Volume 0.0
K1L On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 2:08 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

lincoln educational services (K1L) Snapshot

Open
€2.63
Previous Close
€2.54
Day High
€2.63
Day Low
€2.63
52 Week High
05/20/13 - €5.34
52 Week Low
04/11/14 - €2.49
Market Cap
62.8M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
23.9M
EX-Date
03/12/14
P/E TM
--
Dividend
€0.28
Dividend Yield
7.84%
Current Stock Chart for LINCOLN EDUCATIONAL SERVICES (K1L)

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lincoln educational services (K1L) 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 science, skilled trades, hospitality services, and business and information technology to recent high school graduates and working adults. The company operates its schools under the Lincoln Technical Institute, Lincoln College of Technology, Lincoln College of New England, and Euphoria Institute of Beauty Arts and Sciences brand names. As of December 31, 2013, it operated 33 campuses and 5 training sites in 15 states. The company was founded in 1946 and is based in West Orange, New Jersey.

2,409 Employees
Last Reported Date: 03/11/14
Founded in 1946

lincoln educational services (K1L) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $500.0K
President and Chief Operating Officer
Total Annual Compensation: $400.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $364.5K
Chief Marketing Officer and Executive Vice Pr...
Total Annual Compensation: $310.0K
Compensation as of Fiscal Year 2013.

lincoln educational services (K1L) Key Developments

Lincoln Educational Services Corporation Declares Dividend for the First Quarter of 2014, Payable on March 31, 2014

Lincoln Educational Services Corporation announced that its Board of Directors has set the record and payment dates for the dividend for the first quarter of 2014. The cash dividend of $0.07 per share will be payable on March 31, 2014 to shareholders of record as of March 14, 2014.

Lincoln Educational Services Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the First Quarter Ending March 31, 2014 and Year Ending December 31, 2014

Lincoln Educational Services Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company’s revenue was $88,475,000 against $96,962,000 a year ago. Operating income was $6,534,000 against loss of $4,158,000 a year ago. Income from continuing operations before income taxes was $5,250,000 against loss of $5,220,000 a year ago. Loss from continuing operations was $21,866,000 or $0.97 basic and diluted per share against $5,334,000 or $0.24 basic and diluted per share a year ago. Net loss was $32,145,000 or $1.42 basic and diluted per share against $11,939,000 or $0.54 basic and diluted per share a year ago. Adjusted EBITDA was $12,058,000 against $15,937,000 a year ago. Net cash provided by operating activities was $12,583,000 against $7,885,000 a year ago. EBITDA was $12,058,000 against $1,648,000 a year ago. Non-GAAP earnings were $0.14 per share against $0.24 per share a year ago. The company generated free cash flow from $9.6 million for the fourth quarter of 2013, an increase from the $3.8 million generated during the fourth quarter of 2012, and paid a $0.07 quarterly dividend on December 31, 2013. For the year, the company’s revenue was $345,024,000 against $382,773,000 a year ago. Operating loss was $9,557,000 against $14,016,000 a year ago. Loss from continuing operations before income taxes was $14,169,000 against $18,475,000 a year ago. Loss from continuing operations was $33,760,000 or $1.50 basic and diluted per share against $15,684,000 or $0.71 basic and diluted per share a year ago. Net loss was $51,286,000 or $2.28 basic and diluted per share against $37,186,000 or $1.68 basic and diluted per share a year ago. Adjusted EBITDA was $16,371,000 against $35,313,000 a year ago. Net cash provided by operating activities was $3,246,000 against $15,986,000 a year ago. EBITDA was $12,463,000 against $10,092,000 a year ago. Non-GAAP loss was $0.28 per share against earnings of $0.18 per share a year ago. Revenues were negatively impacted during the year by entering the year with approximately 2,200 less students than had in January of 2012 and the continued decline in student starts throughout the year. Losses for 2013 and 2012 include the impact of goodwill and long-lived assets impairments of $3.9 million and $25.2 million, respectively. For the first quarter ending March 31, 2014, the company expects revenue of $77.0 million to $79.0 million, a decrease from $86.3 million, or 10.9%, from the first quarter of 2013. Net loss per share from continuing operations of $0.57 to $0.60 per share as compared to net loss from continuing operations of $0.17 per share for the first quarter of 2013. Net loss per share for the first quarter of 2014 excludes any benefit for income taxes as any deferred taxes are expected to be offset by a full valuation allowance. The company expects student starts from continuing operations for the first quarter of 2014 to be up 1% to 3% from the first quarter of 2013. For the year ending December 31, 2014, the company expects revenue of $340.0 million to $350.0 million, essentially flat with the year ended December 31, 2013. Net loss per share from continuing operations of $0.62 to $0.74 per share as compared to net loss per share from continuing operations of $1.50 for the year ended December 31, 2013. Net loss per share for 2014 and 2013 excludes any benefit for income taxes as any deferred taxes are expected to be offset by a full valuation allowance. The company expects student starts from continuing operations for the year ending December 31, 2014 to be up in the mid to high single digits as compared to starts from continuing operations for the year ended December 31, 2013.

Lincoln Educational Services Corporation, Q4 2013 Earnings Call, Mar 05, 2014

Lincoln Educational Services Corporation, Q4 2013 Earnings Call, Mar 05, 2014

 

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K1L Competitors

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Company Last Change
American Public Education Inc $34.51 USD +0.66
Capella Education Co $57.38 USD +0.72
National American University Holdings Inc $3.56 USD +0.05
Strayer Education Inc $44.29 USD -0.73
Universal Technical Institute Inc $12.50 USD +0.09
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