Somewhat Positive Press Coverage Somewhat Unlikely to Affect The Providence Service (PRSC) Share Price
News stories about The Providence Service (NASDAQ:PRSC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Providence Service earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.8140270063976 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several brokerages have recently issued reports on PRSC. TheStreet raised The Providence Service from a “c+” rating to a “b” rating in a research report on Tuesday, November 7th. Barrington Research reaffirmed an “outperform” rating and set a $67.00 target price on shares of The Providence Service in a research report on Thursday, November 9th. Finally, Zacks Investment Research lowered The Providence Service from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $67.00.
Shares of The Providence Service (NASDAQ PRSC) opened at $58.64 on Friday. The Providence Service has a 12-month low of $35.65 and a 12-month high of $60.95. The stock has a market capitalization of $786.75, a price-to-earnings ratio of -38.83, a PEG ratio of 3.54 and a beta of 0.88.
The Providence Service (NASDAQ:PRSC) last announced its earnings results on Tuesday, November 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The Providence Service had a return on equity of 6.29% and a net margin of 4.91%. The firm had revenue of $409.50 million during the quarter, compared to analyst estimates of $407.00 million. During the same period last year, the firm posted $0.35 EPS. The business’s revenue was down .7% compared to the same quarter last year. analysts predict that The Providence Service will post 1.35 EPS for the current year.
In related news, Director Coliseum Capital Management, L sold 314,605 shares of The Providence Service stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $56.07, for a total value of $17,639,902.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard A. Kerley sold 3,500 shares of The Providence Service stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $59.07, for a total value of $206,745.00. Following the completion of the sale, the director now directly owns 33,152 shares of the company’s stock, valued at approximately $1,958,288.64. The disclosure for this sale can be found here. Company insiders own 18.93% 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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