The Providence Service Corp. VP Sells $413,229 in Stock (PRSC)
The Providence Service Corp. (NASDAQ:PRSC) VP Fred Furman sold 13,825 shares of The Providence Service Corp. stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $29.89, for a total value of $413,229.25. Following the completion of the transaction, the vice president now directly owns 40,298 shares in the company, valued at approximately $1,204,507. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
The Providence Service Corp. (NASDAQ:PRSC) traded up 0.77% on Tuesday, hitting $30.21. The stock had a trading volume of 96,188 shares. The Providence Service Corp. has a 52-week low of $9.70 and a 52-week high of $31.31. The stock’s 50-day moving average is $28.0 and its 200-day moving average is $23.86. The company has a market cap of $404.3 million and a price-to-earnings ratio of 23.93.
The Providence Service Corp. (NASDAQ:PRSC) last announced its earnings results on Wednesday, August 7th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.09. The company had revenue of $287.60 million for the quarter, compared to the consensus estimate of $282.45 million. During the same quarter last year, the company posted $0.11 earnings per share. The Providence Service Corp.’s revenue was up 3.1% compared to the same quarter last year. On average, analysts predict that The Providence Service Corp. will post $1.56 earnings per share for the current fiscal year.
PRSC has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of The Providence Service Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 9th. They now have a $32.10 price target on the stock. Separately, analysts at TheStreet downgraded shares of The Providence Service Corp. from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, August 21st. Finally, analysts at Noble Financial raised their price target on shares of The Providence Service Corp. from $26.00 to $33.00 in a research note to investors on Friday, August 9th. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The Providence Service Corp. currently has an average rating of “Hold” and a consensus target price of $28.28.
The Providence Service Corporation provides and manages government sponsored social services and non-emergency transportation services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.