Somewhat Positive News Coverage Somewhat Unlikely to Affect The Providence Service Corporation (PRSC) Share Price
Media headlines about The Providence Service Corporation (NASDAQ:PRSC) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. The Providence Service Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.7116130342709 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Tucson Entrepreneurs Launch Venture Capital Fund Dedicated to University of Arizona Commercialization (marketwatch.com)
- Chancery OKs $10M Settlement Of Providence-Matrix Deal Suit (law360.com)
- UAVenture Capital rolls out new venture fund (pehub.com)
- Providence Service Corporation Completes Sale of Mission Providence Joint Venture to Konekt (feeds.benzinga.com)
- The Providence Service Corporation (PRSC) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
Several equities research analysts recently weighed in on the stock. Barrington Research increased 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. BidaskClub lowered shares of The Providence Service Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, ValuEngine upgraded shares of The Providence Service Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The Providence Service Corporation presently has a consensus rating of “Hold” and a consensus target price of $55.50.
The Providence Service Corporation (NASDAQ PRSC) traded down 0.07% during midday trading on Friday, reaching $54.08. 50,940 shares of the company traded hands. The firm’s 50 day moving average price is $51.26 and its 200 day moving average price is $47.69. The Providence Service Corporation has a 12 month low of $34.89 and a 12 month high of $54.99. The firm has a market capitalization of $730.13 million, a price-to-earnings ratio of 11.26 and a beta of 0.99.
The Providence Service Corporation (NASDAQ:PRSC) last issued its earnings results on Tuesday, August 8th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.10. The Providence Service Corporation had a net margin of 4.11% and a return on equity of 6.94%. The business had revenue of $407.98 million for the quarter, compared to analyst estimates of $392.71 million. During the same period in the previous year, the business earned $0.43 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. On average, analysts expect that The Providence Service Corporation will post $1.44 earnings per share for the current year.
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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