Somewhat Favorable Press Coverage Very Likely to Impact The Providence Service Corporation (NASDAQ:PRSC) Stock Price

News articles about The Providence Service Corporation (NASDAQ:PRSC) have trended somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. The Providence Service Corporation earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave media stories about the company an impact score of 88 out of 100, meaning that recent press coverage is very likely to have an impact on the stock’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

PRSC has been the subject of several recent analyst reports. ValuEngine raised shares of The Providence Service Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of The Providence Service Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Finally, BidaskClub cut shares of The Providence Service Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The Providence Service Corporation currently has an average rating of “Hold” and a consensus target price of $51.00.

Shares of The Providence Service Corporation (NASDAQ:PRSC) traded up 1.02% during trading on Friday, reaching $51.58. 49,716 shares of the company traded hands. The company’s 50-day moving average price is $49.34 and its 200-day moving average price is $44.58. The Providence Service Corporation has a 52 week low of $34.88 and a 52 week high of $52.39. The company has a market capitalization of $694.63 million, a P/E ratio of 10.89 and a beta of 0.95.

The Providence Service Corporation (NASDAQ:PRSC) last posted its earnings results on Tuesday, May 9th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.01. The Providence Service Corporation had a net margin of 4.05% and a return on equity of 9.43%. The business had revenue of $399.50 million during the quarter, compared to analysts’ expectations of $386.14 million. During the same period last year, the business posted $0.48 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities research analysts forecast that The Providence Service Corporation will post $1.35 EPS for the current fiscal year.

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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.

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

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