The Providence Service (PRSC) Releases Earnings Results, Beats Expectations By $0.55 EPS

The Providence Service (NASDAQ:PRSC) issued its quarterly earnings data on Wednesday. The company reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.55, MarketWatch Earnings reports. The Providence Service had a return on equity of 8.71% and a net margin of 1.80%.

NASDAQ:PRSC traded down $1.54 during midday trading on Friday, reaching $69.78. The company had a trading volume of 853 shares, compared to its average volume of 55,833. The firm has a market cap of $938.77 million, a PE ratio of 35.75 and a beta of 0.89. The Providence Service has a 12-month low of $54.02 and a 12-month high of $83.90.

A number of research analysts recently issued reports on the company. BidaskClub lowered The Providence Service from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine lowered The Providence Service from a “buy” rating to a “hold” rating in a report on Friday, November 2nd.

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The Providence Service Company Profile

The Providence Service Corporation, through its subsidiaries, provides healthcare and workforce development services in the United States and internationally. It operates in two segments, Non-Emergency Transportation Services (NET Services) and Workforce Development Services (WD Services). The NET Services segment offers non-emergency medical transportation services for Medicaid or Medicare eligible members, whose limited mobility or financial resources hinder their ability to access necessary healthcare and social services.

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Earnings History for The Providence Service (NASDAQ:PRSC)

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