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PRSC The Providence Service Corporation featured news, full reports, and detailed charts

The Providence Service Corporation (PRSC) Wrap Up:

We provide and manage government sponsored social services and non-emergency transportation services. With respect to our social services our counselors, social workers and behavioral health professionals work with clients who are eligible for government assistance due to income level, emotional/educational disabilities or court order. The state and local government agencies that fund the social services we provide are required by law to provide counseling, case management, foster care and other support services to eligible individuals and families. With respect to non-emergency transportation services, we manage and arrange for client transportation to health care related facilities and services for state or regional Medicaid agencies, health maintenance organizations, or HMO’s, and commercial insurers. We do not own or operate any hospitals, residential treatment centers or group homes.  ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f14%2f0001193125-08-057577.html#FIS_BUSINESS"   
www.provcorp.com
10,473 Employees
Founded in 1996

Providence Service Corp. (PRSC:NASDAQ)

LAST $13.42 USD
CHANGE TODAY -0.16 -1.18%
VOLUME 130.4K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Providence Service Corp. (PRSC)

OPEN
$13.40
PREVIOUS CLOSE
$13.58
DAY HIGH
$13.60
DAY LOW
$13.35
52 WEEK HIGH
05/12/09 - $14.17
52 WEEK LOW
12/30/08 - $1.17
MARKET CAP
172.9M
AVERAGE VOLUME 3 mo
129.1K
DILUTED EPS TTM
$-0.57
SHARES OUTSTANDING
12.9M
PRSC Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

PRSC Top Compensated Officers

Mr. Fletcher Jay McCusker
Founder, Chairman and Chief Executive Officer
Age: 59
Total Annual Compensation: $1.0M
Mr. Michael N. Deitch CPA
Chief Financial Officer, Principal Accounting...
Age: 52
Total Annual Compensation: $675.0K
Mr. Craig A. Norris
Chief Operating Officer and Director
Age: 41
Total Annual Compensation: $750.0K
Mr. Fred D. Furman Esq.
Executive Vice President and General Counsel
Age: 60
Total Annual Compensation: $675.0K
Mr. John L. Shermyen
Chief Strategic Officer
Age: 55
Total Annual Compensation: $296.5K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for Providence Service Corp. (PRSC)

Providence Service Corp. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009; Provides Outlook for the Fourth Quarter and Full Year of 2009

Providence Service Corp. announced its financial results for the third quarter ended September 30, 2009. For the third quarter of 2009, the Company reported revenue of $206.8 million, an increase of 24% from $167.0 million for the comparable period in 2008. The Company reported operating income of $9.8 million and net income of $4.4 million, or $0.34 per diluted share, in the quarter ended September 30, 2009, which includes the previously announced $1.4 million ($0.11 per diluted share) tax benefit. In the year ago period, the Company reported an operating loss of $138.1 million and a net loss of $140.8 million, or $11.17 per diluted share, which included a $141.0 million ($11.07 per share) asset impairment charge. Operating income was $9.79 million against loss of $138.07 million for the same period a year ago. Income before income taxes was $4,630,000 against loss or $142,776,000 for the same period a year ago. For the first nine months of 2009, revenue increased 14% to $585.4 million from $513.7 million for the year ago period. The Company reported operating income of $38.8 million and net income of $15.6 million, or $1.18 per diluted share, for the first nine months of 2009. Included in the first nine months of 2009 was $1.1 million in costs associated with the Company's proxy contest and an unanticipated, non-recurring tax benefit of $1.4 million resulting from the Company's true up of its 2008 income tax provision with the actual 2008 federal and state tax returns filed in 2009. This compares to an operating loss of $117.0 million and a net loss of $133.7 million, or $10.67 per diluted share, in the first nine months of 2008, which included a $141.0 million non-cash asset impairment charge. Operating income was $38.8 million against loss of $116.997 million for the same period a year ago. Income before income taxes $23,112,000 against loss of $131,097,000 for the same period a year ago. Net cash provided by operating activities was $43,122,000 against $12,516,000 for the same period a year ago. Purchase of property and equipment, net was $2,790,000 against $3,588,000 for the same period a year ago. For the fourth quarter of 2009, the Company continues to anticipate revenue of between $209 and $215 million and diluted earnings per share of $0.33 to $0.35. For the full year, with the inclusion of a non-recurring tax benefit of $1.4 million, or $0.11 per diluted share, earnings per diluted share should be in the range of $1.51 to $1.53 on revenue of $794 million to $800 million.

Providence Service Corp. expected to Report Fiscal Year 2009 Results on March 15, 2010. This event was calculated by Capital IQ (Created on October 29, 2009).

Providence Service Corp. expected to Report Fiscal Year 2009 Results on March 15, 2010. This event was calculated by Capital IQ (Created on October 29, 2009).

Providence Service Corp., Special/Extraordinary Shareholders Meeting, Nov 19, 2009

Providence Service Corp., Special/Extraordinary Shareholders Meeting, Nov 19, 2009, at 12:00 Mountain Daylight. Location: Lodge on the Desert, 306 North Alvernon Way, Tucson, AZ 85711-2855, United States. Agenda: To ratify the adoption by the board of directors of the preferred stock rights agreement, dated December 9, 2008 and as amended on October 9, 2009, by and between the company and Computershare Trust Company, N.A., as rights agent; to approve an adjournment of the special meeting, if necessary, to allow additional time for further solicitation of proxies in the event there are insufficient votes present at the Special Meeting, in person or by proxy, to ratify the adoption of the rights agreement and to transact such other business as may properly come before the special meeting or any of its adjournments, postponements or rescheduling.

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PRSC Competitors

Company Last Change
Cornell Companies Inc $22.01 USD -0.04
Psychiatric Solutions Inc $21.00 USD -0.24
Res Care Inc $12.75 USD +0.01
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation PRSC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 3.5x
Price/Cash Flow 26.9x
TEV/Sales NM Not Meaningful

PRSC

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