The Providence Service Corporation (PRSC) is Initiated by Avondale to Mkt Perform

The Providence Service Corporation (PRSC) was Initiated by Avondale to “Mkt Perform”. Avondale advised their investors in a research report released on Oct 11, 2016.

On the company’s financial health, The Providence Service Corporation reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.65. The company had revenue of $450.60 million for the quarter, 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 -0.43 points or -0.88% at $48.41 with 86,435 shares getting traded on Friday. Post opening the session at $48.75, the shares hit an intraday low of $48 and an intraday high of $49.19 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 19, 2016, David A Coulter (director) purchased 4,225 shares at $47.29 per share price. According to the SEC, on Sep 7, 2016, James M Lindstrom (CEO) purchased 2,500 shares at $46.61 per share price. On Sep 7, 2016, David Casey Shackelton (CFO) purchased 2,000 shares at $46.85 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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