Barrington Research Weighs in on The Providence Service Corporation’s Q4 2017 Earnings (PRSC)

The Providence Service Corporation (NASDAQ:PRSC) – Barrington Research lowered their Q4 2017 EPS estimates for shares of The Providence Service Corporation in a note issued to investors on Thursday. Barrington Research analyst M. Petusky now expects that the company will post earnings of $0.36 per share for the quarter, down from their prior forecast of $0.40. Barrington Research has a “Outperform” rating and a $67.00 price target on the stock. Barrington Research also issued estimates for The Providence Service Corporation’s Q1 2018 earnings at $0.42 EPS, Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.51 EPS and FY2018 earnings at $1.97 EPS.

Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered The Providence Service Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. TheStreet raised The Providence Service Corporation from a “c+” rating to a “b” rating in a report on Tuesday, November 7th. ValuEngine raised The Providence Service Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Finally, BidaskClub downgraded The Providence Service Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $67.00.

WARNING: This article was originally reported by Week Herald and is owned by of Week Herald. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://weekherald.com/2017/11/15/barrington-research-weighs-in-on-the-providence-service-corporations-q4-2017-earnings-prsc.html.

The Providence Service Corporation (NASDAQ:PRSC) opened at $56.12 on Monday. The company has a market capitalization of $739.25, a price-to-earnings ratio of 42.09, a PEG ratio of 3.43 and a beta of 0.81. The Providence Service Corporation has a 52 week low of $34.88 and a 52 week high of $58.01.

The Providence Service Corporation (NASDAQ:PRSC) last released its earnings results on Tuesday, November 7th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The Providence Service Corporation had a return on equity of 6.29% and a net margin of 4.91%. The business had revenue of $409.50 million during the quarter, compared to the consensus estimate of $407.00 million. During the same period last year, the company earned $0.35 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year.

A number of institutional investors and hedge funds have recently bought and sold shares of PRSC. Neumeier Poma Investment Counsel LLC lifted its stake in The Providence Service Corporation by 68.0% during the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 369,470 shares of the company’s stock worth $19,981,000 after acquiring an additional 149,500 shares in the last quarter. AJO LP grew its stake in The Providence Service Corporation by 783.3% during the 2nd quarter. AJO LP now owns 142,996 shares of the company’s stock worth $7,237,000 after buying an additional 126,807 shares during the last quarter. Ameriprise Financial Inc. grew its stake in The Providence Service Corporation by 82.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 169,560 shares of the company’s stock worth $8,582,000 after buying an additional 76,380 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in The Providence Service Corporation by 17.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 471,578 shares of the company’s stock worth $23,867,000 after buying an additional 68,420 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in The Providence Service Corporation by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 936,513 shares of the company’s stock worth $47,397,000 after acquiring an additional 61,649 shares during the period. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for The Providence Service Corporation (NASDAQ:PRSC)

Receive News & Ratings for The Providence Service Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Providence Service Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply