Legacy Education (NYSEAMERICAN:LGCY) Releases Quarterly Earnings Results

Legacy Education (NYSEAMERICAN:LGCY) released its earnings results on Thursday. The company reported $0.14 earnings per share for the quarter, FiscalAI reports. The company had revenue of $20.10 million during the quarter. Legacy Education had a return on equity of 19.69% and a net margin of 11.42%.

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 Stock Down 12.5%

Shares of NYSEAMERICAN LGCY opened at $9.31 on Friday. The firm’s fifty day moving average is $10.92 and its 200 day moving average is $11.66. Legacy Education has a 52 week low of $7.94 and a 52 week high of $14.70. The company has a market cap of $117.77 million, a price-to-earnings ratio of 14.11 and a beta of 1.07.

Legacy Education News Summary

Here are the key news stories impacting Legacy Education this week:

• Positive Sentiment: Legacy Education reported record fiscal 2026 revenue of approximately $80 million, representing 25% year-over-year growth, while continuing to add students. The results highlight solid demand for its career-focused healthcare education programs. Legacy Education Delivers Record Fiscal 2026 Results with 25% Revenue Growth and Continued Enrollment Gains
• Positive Sentiment: Northland Securities projected fiscal 2027 earnings of $0.72 per share, above the current full-year consensus estimate of $0.69. Its quarterly forecasts range from $0.16 to $0.20 per share, suggesting analysts expect continued profitability and modest earnings growth. Northland Securities Legacy Education estimates
• Neutral Sentiment: For the reported quarter, Legacy Education posted $0.14 in EPS on $20.10 million of revenue. The company maintained a 10.89% net margin and an 18.83% return on equity, providing evidence of ongoing profitability but limited information on whether results exceeded investor expectations. Legacy Education quarterly earnings results
• Negative Sentiment: The stock declined following the earnings release, with trading volume substantially above its average. This suggests investors may be taking profits or viewing the $0.14 quarterly EPS result as insufficient relative to expectations, even though the company’s annual operating trends were strong. Legacy Education Q4 2026 earnings call transcript

Institutional Investors Weigh In On Legacy Education

A number of large investors have recently added to or reduced their stakes in LGCY. Bank of America Corp DE increased its position in shares of Legacy Education by 481.2% in the first quarter. Bank of America Corp DE now owns 21,847 shares of the company’s stock valued at $274,000 after acquiring an additional 18,088 shares during the period. Dimensional Fund Advisors LP grew its stake 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 worth $310,000 after purchasing an additional 10,096 shares during the last quarter. Manatuck Hill Partners LLC bought a new stake in shares of Legacy Education in the second quarter worth about $524,000. BlackRock Inc. purchased a new position in Legacy Education during the 2nd quarter valued at about $600,000. Finally, Renaissance Technologies LLC lifted its holdings in Legacy Education by 87.6% in 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 during the period.

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.