Barclays Maintains an 'Equalweight' on Lincoln Educational Services (LINC); Cutting Estimates After Mixed Q4

Barclays maintains an 'Equalweight' on Lincoln Educational Services (NASDAQ: LINC) price target lowered $1 to $7.

Analyst, Gary E. Bisbee, said, "In our view, LINC is taking the right steps to position itself as a stronger business with higher quality outcomes. However, 2012 will be another transition year in which profits fall significantly due to internal quality initiatives and a difficult operating environment."

"LINC guided for new student starts to return to y/y growth in 2H'12, but expects the impact of weak 2011 starts and continued quality investments to drive a big 1Q'12 loss and severe negative operating leverage for 2012 in total. We are lowering our '12-'13 EPS estimates by $0.22/$0.14 to $0.25/$0.55, or -77%/+115% y/y, respectively."

For an analyst ratings summary and ratings history on Lincoln Educational Services click here. For more ratings news on Lincoln Educational Services click here.

Shares of Lincoln Educational Services closed at $7.66 yesterday.

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