The Providence Service Corporation (PRSC) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.48 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.40. The company posted revenue of $432.65 million in the period, compared to analysts expectations of $435.22 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.
The Providence Service Corporation opened for trading at $49.05 and hit $49.5589 on the upside on Wednesday, eventually ending the session at $49.23, with a gain of 0.31% or 0.15 points. The heightened volatility saw the trading volume jump to 1,15,061 shares. Company has a market cap of $732 M.
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.