The Providence Service Corporation (NASDAQ:PRSC) – Investment analysts at Barrington Research lifted their FY2017 earnings per share (EPS) estimates for shares of The Providence Service Corporation in a report issued on Thursday. Barrington Research analyst M. Petusky now expects that the company will earn $1.42 per share for the year, up from their prior forecast of $1.35. Barrington Research currently has a “Outperform” rating and a $60.00 target price on the stock. Barrington Research also issued estimates for The Providence Service Corporation’s Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.56 EPS, FY2018 earnings at $2.00 EPS and FY2019 earnings at $2.45 EPS.

The Providence Service Corporation (NASDAQ:PRSC) last released its earnings results on Tuesday, August 8th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.10. The business had revenue of $407.98 million during the quarter, compared to analysts’ expectations of $392.71 million. The Providence Service Corporation had a net margin of 4.11% and a return on equity of 6.94%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share.

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Other equities analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of The Providence Service Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded shares of The Providence Service Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. Finally, BidaskClub downgraded shares of The Providence Service Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $55.50.

Shares of The Providence Service Corporation (NASDAQ:PRSC) opened at 49.51 on Monday. The company’s 50-day moving average is $50.46 and its 200 day moving average is $45.49. The stock has a market cap of $668.43 million, a PE ratio of 10.31 and a beta of 0.95. The Providence Service Corporation has a 52 week low of $34.88 and a 52 week high of $54.99.

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its stake in The Providence Service Corporation by 11.4% in the first quarter. BNP Paribas Arbitrage SA now owns 2,256 shares of the company’s stock valued at $100,000 after buying an additional 231 shares during the last quarter. State of Alaska Department of Revenue raised its position in The Providence Service Corporation by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 2,385 shares of the company’s stock valued at $120,000 after buying an additional 1,055 shares in the last quarter. Mason Street Advisors LLC raised its position in The Providence Service Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,849 shares of the company’s stock valued at $127,000 after buying an additional 187 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in The Providence Service Corporation by 3.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 2,870 shares of the company’s stock valued at $145,000 after buying an additional 100 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in The Providence Service Corporation by 246.1% in the second quarter. Russell Investments Group Ltd. now owns 2,918 shares of the company’s stock valued at $148,000 after buying an additional 2,075 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

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

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