The Providence Service (NASDAQ:PRSC) issued its earnings results on Thursday. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.30, Bloomberg Earnings reports. The company had revenue of $406.90 million during the quarter, compared to the consensus estimate of $405.94 million. The Providence Service had a return on equity of 6.29% and a net margin of 4.91%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.33 EPS.
The Providence Service (NASDAQ PRSC) traded down $0.40 during mid-day trading on Thursday, reaching $65.04. The company’s stock had a trading volume of 58,733 shares, compared to its average volume of 69,733. The firm has a market cap of $865.39, a P/E ratio of 49.27, a P/E/G ratio of 2.75 and a beta of 0.89. The Providence Service has a fifty-two week low of $38.04 and a fifty-two week high of $66.67.
In other The Providence Service 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 transaction of $17,639,902.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 18.93% of the stock is currently owned by insiders.
Several analysts have recently commented on the company. ValuEngine upgraded The Providence Service from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Barrington Research restated an “outperform” rating and issued a $67.00 target price on shares of The Providence Service in a research note on Thursday, November 9th. BidaskClub upgraded The Providence Service from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Finally, Zacks Investment Research upgraded The Providence Service from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The Providence Service presently has an average rating of “Buy” and a consensus target price of $67.00.
ILLEGAL ACTIVITY WARNING: “The Providence Service (PRSC) Posts Quarterly Earnings Results, Beats Expectations By $0.30 EPS” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2018/03/15/the-providence-service-prsc-posts-quarterly-earnings-results-beats-expectations-by-0-30-eps.html.
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.
Receive News & Ratings for The Providence Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Providence Service and related companies with MarketBeat.com's FREE daily email newsletter.