Today Providence Service (PRSC) Hits New Lifetime High
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Providence Service as such a stock due to the following factors:
- PRSC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $12.8 million.
- PRSC has traded 6,783 shares today.
- PRSC is trading at a new lifetime high.
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More details on PRSC:
The Providence Service Corporation provides and manages government sponsored human services and non-emergency transportation services. The company operates in two segments, Human Services and Non-Emergency Transportation Services (NET Services). PRSC has a PE ratio of 38.3. Currently there are 2 analysts that rate Providence Service a buy, no analysts rate it a sell, and none rate it a hold.
The average volume for Providence Service has been 127,600 shares per day over the past 30 days. Providence Service has a market cap of $821.4 million and is part of the health care sector and health services industry. The stock has a beta of 0.58 and a short float of 7.7% with 3.82 days to cover. Shares are up 41.3% year-to-date as of the close of trading on Thursday.
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Analysis:
rates Providence Service as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, good cash flow from operations, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
Highlights from the ratings report include:
- PRSC's very impressive revenue growth greatly exceeded the industry average of 18.2%. Since the same quarter one year prior, revenues leaped by 63.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Powered by its strong earnings growth of 87.50% and other important driving factors, this stock has surged by 82.11% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, PRSC should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Health Care Providers & Services industry. The net income increased by 110.0% when compared to the same quarter one year prior, rising from $3.36 million to $7.05 million.
- Net operating cash flow has significantly increased by 117.40% to $20.82 million when compared to the same quarter last year. In addition, PROVIDENCE SERVICE CORP has also modestly surpassed the industry average cash flow growth rate of 112.82%.
- You can view the full Providence Service Ratings Report.
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