Media coverage about The Providence Service (NASDAQ:PRSC) has trended somewhat positive this week, AlphaOne Sentiment Analysis reports. The research group, a unit of Accern, ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The Providence Service earned a media sentiment score of 0.23 on AlphaOne’s scale. AlphaOne also assigned media headlines about the company an impact score of 95 out of 100, indicating that recent press coverage is extremely likely to have an impact on the stock’s share price in the near term.
PRSC has been the topic of several research reports. Zacks Investment Research raised The Providence Service from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Wednesday, March 15th. Avondale Partners cut 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 midday trading on Friday, hitting $43.73. The stock had a trading volume of 53,253 shares. The stock has a market cap of $590.36 million, a PE ratio of 8.63 and a beta of 0.97. The firm has a 50 day moving average price of $43.71 and a 200-day moving average price of $41.07. The Providence Service has a 52-week low of $34.88 and a 52-week high of $53.38.
The Providence Service (NASDAQ:PRSC) last announced its quarterly earnings results on Thursday, March 9th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.12. The firm had revenue of $386 million for the quarter, compared to analyst estimates of $398.67 million. The Providence Service had a return on equity of 11.59% and a net margin of 3.90%. The firm’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 EPS. Equities analysts predict that The Providence Service will post $1.51 EPS for the current fiscal year.
In related news, Director Richard A. Kerley sold 4,000 shares of The Providence Service stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $44.79, for a total value of $179,160.00. Following the completion of the sale, the director now 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 can be accessed through the SEC website. 14.40% of the stock is owned by company insiders.
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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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