The Providence Service (PRSC) Getting Somewhat Favorable News Coverage, Study Shows
News headlines about The Providence Service (NASDAQ:PRSC) have been trending somewhat positive recently, according to AlphaOne. The research firm, a unit of Accern, identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. The Providence Service earned a coverage optimism score of 0.23 on AlphaOne’s scale. AlphaOne also gave press coverage about the company an impact score of 95 out of 100, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the next several days.
Several research firms recently weighed in on PRSC. Zacks Investment Research upgraded shares of The Providence Service from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Wednesday, March 15th. Avondale Partners downgraded shares of The Providence Service from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 31st.
Shares of The Providence Service (NASDAQ:PRSC) traded down 0.21% during trading on Friday, reaching $43.73. 53,253 shares of the company’s stock traded hands. The company has a market capitalization of $590.36 million, a price-to-earnings ratio of 8.63 and a beta of 0.97. The stock has a 50-day moving average of $43.71 and a 200-day moving average of $41.07. The Providence Service has a 1-year low of $34.88 and a 1-year high of $53.38.
The Providence Service (NASDAQ:PRSC) last posted its quarterly earnings data on Thursday, March 9th. The company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.12. The Providence Service had a net margin of 3.90% and a return on equity of 11.59%. The company had revenue of $386 million for the quarter, compared to the consensus estimate of $398.67 million. During the same quarter last year, the company earned $0.48 earnings per share. The company’s revenue was down 9.2% compared to the same quarter last year. On average, equities analysts predict that The Providence Service will post $1.51 EPS for the current fiscal year.
In other The Providence Service news, Director Richard A. Kerley sold 4,000 shares of the stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $44.79, for a total transaction of $179,160.00. Following the transaction, the director now directly owns 36,652 shares in the company, valued at approximately $1,641,643.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 14.40% of the company’s stock.
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The Providence Service Company Profile
The Providence Service Corporation (Providence) is a holding company. The Company, through its subsidiaries, is engaged in the provision of healthcare and workforce development services for public and private sector entities. The Company’s segments include Non-Emergency Transportation Services (NET Services), Workforce Development Services (WD Services) and Matrix Investment.
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