Lincoln International (NYSE:LCLN) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Lincoln International (NYSE:LCLN) released its quarterly earnings results on Thursday. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.39 by $0.07, FiscalAI reports. The company had revenue of $293.65 million for the quarter.

Here are the key takeaways from Lincoln International’s conference call:

• Lincoln reported record third-quarter revenue of $293.7 million, up 57% year over year, and adjusted diluted EPS of $0.46. Investment banking revenue rose 70% and valuations and opinions revenue rose 18%.
• Management described an improving M&A environment, with near-record, quality-screened backlog, strong recent pitch activity, and greater sponsor engagement. The company expects fourth-quarter investment banking revenue to be within its usual 30%–40% share of annual revenue, but toward the lower end.
• Capital advisory and private funds advisory benefited from financing and fundraising demand, while valuations and opinions saw record quarterly revenue and 25% more portfolio valuations year over year. Management pointed to more frequent valuations and increasingly complex private-market investments as potential long-term growth drivers.
• Management said the sponsor market is improving but not yet strong, with buyers remaining selective; it also noted rising foreclosure activity and pressure on some portfolio companies. The company expects a new tax-code provision to put upward pressure on its tax rate beginning in 2027.
• MarshBerry, acquired in October 2025, has an all-time-high backlog and is expected to perform well, though its business is more weighted to the fourth quarter. Management also said it is evaluating potential acquisitions, but gave no timing or details on any deals.

Lincoln International Trading Down 1.8%

Shares of LCLN traded down $0.49 on Thursday, reaching $26.76. 667,832 shares of the company’s stock were exchanged, compared to its average volume of 274,993. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.76 and a quick ratio of 1.76. The stock’s 50 day simple moving average is $24.85. Lincoln International has a 12 month low of $20.05 and a 12 month high of $28.71.

Lincoln International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, December 1st. This represents a $0.28 annualized dividend and a dividend yield of 1.0%. Lincoln International’s payout ratio is currently 107.69%.

Hedge Funds Weigh In On Lincoln International

A number of hedge funds and other institutional investors have recently bought and sold shares of LCLN. State of Alaska Department of Revenue bought a new stake in shares of Lincoln International during the 3rd quarter valued at $33,000. State Street Corp acquired a new position in shares of Lincoln International in the 2nd quarter valued at $436,000. Readystate Asset Management LP acquired a new position in shares of Lincoln International in the 2nd quarter valued at $716,000. Squarepoint Ops LLC bought a new position in shares of Lincoln International in the 2nd quarter worth $813,000. Finally, Alyeska Investment Group L.P. bought a new position in shares of Lincoln International in the 2nd quarter worth $6,326,000.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on LCLN shares. Keefe, Bruyette & Woods boosted their price objective on shares of Lincoln International from $24.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday, August 10th. Evercore set a $26.00 price objective on Lincoln International in a research report on Wednesday, August 12th. Zacks Research cut Lincoln International from a “hold” rating to a “strong sell” rating in a research note on Friday, October 9th. Weiss Ratings initiated coverage on Lincoln International in a research report on Monday, August 17th. They set a “sell (e)” rating for the company. Finally, Morgan Stanley dropped their target price on Lincoln International from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Lincoln International presently has a consensus rating of “Hold” and an average price target of $27.21.

Lincoln International Company Profile

Lincoln International is a global investment banking and advisory firm that focuses on serving middle-market companies, private equity firms and other financial sponsors. The firm provides advice on mergers and acquisitions, divestitures, recapitalizations, restructurings and other strategic transactions.

Its services also include capital advisory, private funds advisory, valuation and fairness opinions, and other financial analysis. Lincoln International works with clients across a range of industries, including business services, consumer products, healthcare, industrials, technology and financial services.

Founded in 1996, Lincoln International is headquartered in Chicago and serves clients through offices and professionals across North America, Europe and Asia.