Legacy Education (NYSEAMERICAN:LGCY) Announces Earnings Results

Legacy Education (NYSEAMERICAN:LGCY) issued its quarterly earnings data on Thursday. The company reported $0.13 earnings per share for the quarter, FiscalAI reports. Legacy Education had a net margin of 11.42% and a return on equity of 19.04%. The firm had revenue of $20.10 million for the quarter.

Here are the key takeaways from Legacy Education’s conference call:

• Record fiscal 2026 results: Revenue rose 24.8% to $80.1 million, while preexisting brands grew 16.5%, demonstrating that growth was supported by both the Contra Costa acquisition and organic expansion.
• Operating leverage improved: Fourth-quarter revenue increased 12% to $20.1 million, while adjusted EBITDA grew 30.6% to $3.1 million and adjusted EBITDA margin expanded 220 basis points to 15.5%. Management expects margins to continue improving, particularly in the second half of fiscal 2027.
• Legacy enters fiscal 2027 with several growth initiatives, including Surgical Technology expansion, Sterile Processing Technician program maturation, additional campus capacity, three newly approved programs at Contra Costa, and a planned Houston branch that could reach 400–600 students within one to two years.
• Student starts remain a near-term watchpoint: Starts declined 4% year over year in the fourth quarter after falling 12% in the prior quarter, although management attributed the weakness to program-readiness and enrollment-timing issues and expects improvement as programs mature.
• The company ended the year with $22.7 million in cash, $33.4 million in working capital, minimal debt, and no revolving credit facility, providing flexibility to fund organic expansion and pursue acquisitions; however, Houston still depends on regulatory and accreditation approvals, and acquisition timing remains uncertain.

Legacy Education Trading Up 4.7%

Shares of LGCY traded up $0.43 on Tuesday, reaching $9.50. The company’s stock had a trading volume of 126,565 shares, compared to its average volume of 55,447. The stock has a market capitalization of $121.69 million, a PE ratio of 14.39 and a beta of 1.07. Legacy Education has a twelve month low of $7.94 and a twelve month high of $14.70. The firm has a fifty day moving average of $10.86 and a 200-day moving average of $11.61.

Institutional Investors Weigh In On Legacy Education

Several institutional investors have recently bought and sold shares of LGCY. Dimensional Fund Advisors LP raised its holdings in shares of Legacy Education by 68.9% in the first quarter. Dimensional Fund Advisors LP now owns 24,747 shares of the company’s stock valued at $310,000 after purchasing an additional 10,096 shares during the last quarter. Ancora Advisors LLC increased its stake in Legacy Education by 17.6% in the 2nd quarter. Ancora Advisors LLC now owns 100,225 shares of the company’s stock valued at $1,179,000 after buying an additional 15,000 shares during the last quarter. Bank of America Corp DE increased its stake in Legacy Education by 481.2% in the 1st quarter. Bank of America Corp DE now owns 21,847 shares of the company’s stock valued at $274,000 after buying an additional 18,088 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Legacy Education by 87.6% during the 1st quarter. Renaissance Technologies LLC now owns 72,000 shares of the company’s stock worth $901,000 after buying an additional 33,628 shares in the last quarter. Finally, Manatuck Hill Partners LLC purchased a new position in shares of Legacy Education in the 2nd quarter worth approximately $524,000.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Legacy Education from a “hold” rating to a “strong sell” rating in a research note on Friday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.95.

About Legacy Education

Legacy Education, Inc is a postsecondary education company that provides career-focused training and educational programs designed to prepare students for employment in a range of occupational fields. Its offerings are intended to combine classroom instruction with practical, skills-based learning.

The company has historically operated career education institutions serving students in the United States. Its programs have included training related to healthcare and other professional or technical career paths, although the specific schools, programs and operating footprint may change over time.

Legacy Education was previously known as Legacy Education Alliance, Inc and adopted its current name as its business strategy evolved toward postsecondary career education.