The Providence Service Corp. (NASDAQ:PRSC) – Research analysts at Barrington Research cut their FY2016 earnings per share estimates for The Providence Service Corp. in a research report issued to clients and investors on Thursday. Barrington Research analyst M. Petusky now expects that the firm will earn $2.05 per share for the year, down from their prior forecast of $2.58. Barrington Research also issued estimates for The Providence Service Corp.’s Q4 2016 earnings at $0.52 EPS, Q1 2017 earnings at $0.00 EPS, Q2 2017 earnings at $0.59 EPS, Q3 2017 earnings at $0.59 EPS, Q4 2017 earnings at $0.63 EPS, FY2017 earnings at $0.63 EPS and FY2018 earnings at $2.45 EPS.

The Providence Service Corp. (NASDAQ:PRSC) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The firm earned $412.50 million during the quarter, compared to the consensus estimate of $417 million. The Providence Service Corp. had a net margin of 3.90% and a return on equity of 11.59%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 earnings per share.

Earnings History and Estimates for The Providence Service Corp. (NASDAQ:PRSC)

A number of other analysts have also recently weighed in on the stock. Avondale Partners cut shares of The Providence Service Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 10th. Zacks Investment Research upgraded shares of The Providence Service Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 2nd. Finally, TheStreet cut shares of The Providence Service Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, October 19th.

Shares of The Providence Service Corp. (NASDAQ:PRSC) opened at 38.38 on Monday. The company has a market capitalization of $543.65 million, a P/E ratio of 8.40 and a beta of 1.08. The company has a 50-day moving average of $44.02 and a 200 day moving average of $46.52. The Providence Service Corp. has a 12 month low of $36.85 and a 12 month high of $55.28.

Institutional investors have recently added to or reduced their stakes in the stock. Mason Street Advisors LLC acquired a new stake in shares of The Providence Service Corp. during the second quarter valued at about $107,000. Municipal Employees Retirement System of Michigan raised its stake in shares of The Providence Service Corp. by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,700 shares of the company’s stock valued at $131,000 after buying an additional 40 shares during the period. Sei Investments Co. raised its stake in shares of The Providence Service Corp. by 70.5% in the third quarter. Sei Investments Co. now owns 3,083 shares of the company’s stock valued at $150,000 after buying an additional 1,275 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of The Providence Service Corp. by 84.6% in the second quarter. BNP Paribas Arbitrage SA now owns 3,832 shares of the company’s stock valued at $172,000 after buying an additional 1,756 shares during the period. Finally, Capstone Asset Management Co. acquired a new stake in shares of The Providence Service Corp. during the third quarter valued at about $207,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

In related news, CEO James M. Lindstrom bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The stock was purchased at an average cost of $46.61 per share, for a total transaction of $116,525.00. Following the purchase, the chief executive officer now directly owns 26,153 shares in the company, valued at $1,218,991.33. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director David A. Coulter bought 4,225 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The shares were bought at an average price of $47.29 per share, with a total value of $199,800.25. Following the completion of the purchase, the director now owns 6,159 shares in the company, valued at $291,259.11. The disclosure for this purchase can be found here. Corporate insiders own 14.40% of the company’s stock.

The Providence Service Corp. Company Profile

The Providence Service Corporation is a holding company. The Company, through its subsidiaries, provides critical healthcare and workforce development services. It operates in over two industry sectors, including the United States healthcare and global workforce development, through its three operating segments: Non-Emergency Transportation Services (NET Services), Workforce Development Services (WD Services) and Health Assessment Services (HA Services).

5 Day Chart for NASDAQ:PRSC

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