The Providence Service Corporation (PRSC) Releases Earnings Results, Beats Expectations By $0.05 EPS

The Providence Service Corporation (PRSC) reported quarterly earnings results on Monday, Aug-1-2016. The company said it had a profit of $0.70 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.65. The company posted revenue of $450.60 million in the period, compared to analysts expectations of $433.38 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

The Providence Service Corporation closed down -0.87 points or -1.77% at $48.37 with 71,850 shares getting traded on Friday. Post opening the session at $44.86, the shares hit an intraday low of $44.86 and an intraday high of $48.72 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 16, 2016, Richard A Kerley (director) sold 5,000 shares at $51.98 per share price. According to the SEC, on Dec 17, 2015, Kristi Meints (director) sold 6,231 shares at $47.74 per share price. On Dec 11, 2015, Herman Mark Schwarz (CEO – LogistiCare) sold 6,882 shares at $48.01 per share price, according to the Form-4 filing with the securities and exchange commission.

The Providence Service Corporation (Providence) provides and manages Government sponsored non-emergency transportation (NET) services human services workforce development (WD) services and health assessment (HA) services. Providence operates through four segments: NET Services Human Services WD Services and HA Services. NET Services which operates under the Logisticare brand manages transportation networks and arrange for client transportation to healthcare related facilities and services for state or regional Medicaid agencies managed care organizations (MCOs) and commercial insurers. Providence’s human services segment works with clients who are eligible for Government assistance. The WD Services segment provides workforce development services that include resume and job interview skills networking and job placement services and technical job training. The HA Services segment provides comprehensive health assessments (CHAs) for Medicare Advantage (MA) health plans.

The Providence Service Corporation

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