Somewhat Positive Media Coverage Somewhat Unlikely to Affect The Providence Service (PRSC) Stock Price
Media coverage about The Providence Service (NASDAQ:PRSC) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news 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 earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.0958418635411 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of brokerages have recently weighed in on PRSC. Zacks Investment Research upgraded The Providence Service from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. 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. Finally, TheStreet upgraded The Providence Service from a “c+” rating to a “b” rating in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The Providence Service has a consensus rating of “Hold” and a consensus price target of $67.00.
The Providence Service (NASDAQ:PRSC) opened at $64.08 on Friday. The Providence Service has a 12 month low of $35.65 and a 12 month high of $64.40. The company has a market capitalization of $829.20, a P/E ratio of -42.44, a P/E/G ratio of 2.63 and a beta of 0.89.
The Providence Service (NASDAQ:PRSC) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The Providence Service had a return on equity of 6.29% and a net margin of 4.91%. The business had revenue of $409.50 million for the quarter, compared to the consensus estimate of $407.00 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The Providence Service’s revenue for the quarter was down .7% on a year-over-year basis. analysts expect that The Providence Service will post 1.35 earnings per share for the current fiscal year.
In related news, Director Coliseum Capital Management, L sold 314,605 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $56.07, for a total value of $17,639,902.35. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard A. Kerley sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $59.07, for a total value of $206,745.00. Following the completion of the transaction, the director now owns 33,152 shares in the company, valued at approximately $1,958,288.64. The disclosure for this sale can be found here. 18.93% of the stock is currently owned by corporate insiders.
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About The Providence Service
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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