The Providence Service Corporation (PRSC) Given Coverage Optimism Rating of 0.16
Headlines about The Providence Service Corporation (NASDAQ:PRSC) have been trending somewhat positive on Tuesday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The Providence Service Corporation earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.5701353396419 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
PRSC has been the topic of a number of recent analyst reports. ValuEngine upgraded The Providence Service Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research cut The Providence Service Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. BidaskClub cut The Providence Service Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Barrington Research raised their target price on The Providence Service Corporation from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $55.50.
Shares of The Providence Service Corporation (NASDAQ PRSC) opened at 52.70 on Tuesday. The stock’s 50 day moving average price is $51.24 and its 200-day moving average price is $47.20. The firm has a market cap of $711.50 million, a price-to-earnings ratio of 10.97 and a beta of 0.99. The Providence Service Corporation has a 52-week low of $34.88 and a 52-week high of $54.99.
The Providence Service Corporation (NASDAQ:PRSC) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10. The Providence Service Corporation had a return on equity of 6.94% and a net margin of 4.11%. The firm had revenue of $407.98 million for the quarter, compared to analyst estimates of $392.71 million. During the same quarter in the previous year, the company posted $0.43 EPS. The business’s revenue was up 2.5% on a year-over-year basis. On average, analysts forecast that The Providence Service Corporation will post $1.44 EPS for the current year.
The Providence Service Corporation 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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