The Providence Service Corporation (NASDAQ:PRSC) posted its quarterly earnings results on Tuesday. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.10, Briefing.com reports. The Providence Service Corporation had a return on equity of 9.43% and a net margin of 4.05%. The business had revenue of $407.98 million for the quarter, compared to analyst estimates of $392.71 million. During the same period last year, the company earned $0.43 EPS. The Providence Service Corporation’s revenue for the quarter was up 2.5% compared to the same quarter last year.

The Providence Service Corporation (NASDAQ PRSC) traded down 0.44% during midday trading on Tuesday, reaching $50.06. The company’s stock had a trading volume of 34,127 shares. The Providence Service Corporation has a 12-month low of $34.89 and a 12-month high of $54.99. The company’s 50-day moving average is $50.09 and its 200 day moving average is $45.06. The firm has a market cap of $674.16 million, a price-to-earnings ratio of 10.57 and a beta of 0.95.

Several equities analysts recently issued reports on PRSC shares. Zacks Investment Research lowered The Providence Service Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. ValuEngine upgraded The Providence Service Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered The Providence Service Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $51.00.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestrel Investment Management Corp purchased a new stake in The Providence Service Corporation during the first quarter worth $6,004,000. Wedge Capital Management L L P NC increased its stake in The Providence Service Corporation by 17.0% in the second 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 in the last quarter. Prudential Financial Inc. increased its stake in The Providence Service Corporation by 78.0% in the first quarter. Prudential Financial Inc. now owns 108,827 shares of the company’s stock worth $4,836,000 after buying an additional 47,700 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in The Providence Service Corporation by 5.7% in the first quarter. Dimensional Fund Advisors LP now owns 874,864 shares of the company’s stock worth $38,879,000 after buying an additional 47,534 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in The Providence Service Corporation by 45.7% in the first quarter. Ameriprise Financial Inc. now owns 93,180 shares of the company’s stock worth $4,141,000 after buying an additional 29,215 shares in the last quarter. 92.89% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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