Lincoln Educational Services (LINC) Tops Q4 EPS by 14c, Offers FY Guidance, Eliminates Dividend

Lincoln Educational Services (NASDAQ: LINC) reported Q4 EPS of $0.47, $0.14 better than the analyst estimate of $0.33. Revenue for the quarter came in at $85.45 million versus the consensus estimate of $87.86 million.

Lincoln Educational Services sees FY2015 EPS of ($0.32)-($0.47), may not compare to the consensus of ($0.14).

The Company expects revenue from continuing operations, cash flow from operations and student starts for 2015 to be relatively flat with 2014 levels at approximately $320.0 million, $12.0 million and 15,300, respectively.

The Board of Directors has decided to eliminate payment of the Company's cash dividend for 2015. The Board believes this action will improve liquidity, increase the Company's cash position, and provide additional funds available to invest in student educational programs

For earnings history and earnings-related data on Lincoln Educational Services (LINC) click here.

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