The Providence Service Corporation (PRSC) Announces Quarterly Earnings Results
The Providence Service Corporation (NASDAQ:PRSC) released its quarterly earnings data on Tuesday. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01, Bloomberg Earnings reports. The Providence Service Corporation had a net margin of 4.11% and a return on equity of 6.94%. The company had revenue of $409.50 million during the quarter, compared to the consensus estimate of $407.00 million. During the same period in the previous year, the firm earned $0.35 earnings per share. The Providence Service Corporation’s revenue for the quarter was down .7% on a year-over-year basis.
Shares of The Providence Service Corporation (NASDAQ:PRSC) traded down $0.61 during mid-day trading on Tuesday, hitting $54.13. 29,944 shares of the stock traded hands, compared to its average volume of 34,019. The stock has a market capitalization of $752.18, a P/E ratio of 41.27, a PEG ratio of 3.27 and a beta of 0.81. The Providence Service Corporation has a fifty-two week low of $34.88 and a fifty-two week high of $57.62.
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Several equities research analysts have issued reports on PRSC shares. BidaskClub downgraded shares of The Providence Service Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine upgraded shares of The Providence Service Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Barrington Research boosted their price objective on shares of The Providence Service Corporation from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, August 10th.
About The Providence Service Corporation
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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