Somewhat Positive News Coverage Somewhat Unlikely to Affect The Providence Service (PRSC) Share Price

Media headlines about The Providence Service (NASDAQ:PRSC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The Providence Service earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.5008962895853 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

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Shares of The Providence Service (PRSC) traded up $0.16 during midday trading on Tuesday, hitting $69.88. 62,815 shares of the stock were exchanged, compared to its average volume of 80,876. The Providence Service has a twelve month low of $41.41 and a twelve month high of $74.49. The firm has a market cap of $897.18, a PE ratio of 22.76, a price-to-earnings-growth ratio of 2.95 and a beta of 0.89.

The Providence Service (NASDAQ:PRSC) last released its quarterly earnings results on Thursday, March 8th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.30. The firm had revenue of $406.90 million for the quarter, compared to analysts’ expectations of $405.94 million. The Providence Service had a net margin of 2.58% and a return on equity of 7.53%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. sell-side analysts anticipate that The Providence Service will post 1.97 earnings per share for the current fiscal year.

A number of analysts recently weighed in on the stock. ValuEngine raised shares of The Providence Service from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. BidaskClub raised shares of The Providence Service from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Zacks Investment Research upgraded shares of The Providence Service from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $67.00.

In related news, CFO David Casey Shackelton sold 31,467 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $70.22, for a total transaction of $2,209,612.74. Following the completion of the sale, the chief financial officer now directly owns 44,401 shares of the company’s stock, valued at approximately $3,117,838.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard A. Kerley sold 667 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $70.89, for a total value of $47,283.63. Following the sale, the director now directly owns 31,836 shares of the company’s stock, valued at $2,256,854.04. The disclosure for this sale can be found here. Insiders sold a total of 52,667 shares of company stock worth $3,686,199 in the last 90 days. 18.93% of the stock is currently owned by 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.

Insider Buying and Selling by Quarter for The Providence Service (NASDAQ:PRSC)

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