Analysts Expect Civitas Solutions, Inc. (CIVI) Will Announce Earnings of $0.16 Per Share

Equities analysts expect Civitas Solutions, Inc. (NYSE:CIVI) to announce $0.16 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Civitas Solutions’ earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.16. Civitas Solutions reported earnings of $0.11 per share during the same quarter last year, which would indicate a positive year over year growth rate of 45.5%. The firm is expected to announce its next quarterly earnings results on Thursday, February 8th.

On average, analysts expect that Civitas Solutions will report full year earnings of $0.77 per share for the current financial year, with EPS estimates ranging from $0.75 to $0.81. For the next year, analysts expect that the company will report earnings of $0.97 per share, with EPS estimates ranging from $0.83 to $1.13. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Civitas Solutions.

Civitas Solutions (NYSE:CIVI) last issued its quarterly earnings results on Tuesday, December 12th. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. Civitas Solutions had a net margin of 0.43% and a return on equity of 16.25%.

CIVI has been the subject of a number of analyst reports. Canaccord Genuity restated a “buy” rating and set a $27.00 price objective on shares of Civitas Solutions in a research report on Wednesday, December 13th. Zacks Investment Research downgraded shares of Civitas Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. SunTrust Banks set a $21.00 price objective on shares of Civitas Solutions and gave the stock a “buy” rating in a research report on Thursday, December 21st. Finally, BidaskClub downgraded shares of Civitas Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th.

Shares of Civitas Solutions (CIVI) opened at $17.40 on Tuesday. The firm has a market cap of $651.49, a price-to-earnings ratio of 102.35, a P/E/G ratio of 2.25 and a beta of 0.42. The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.19 and a current ratio of 1.19. Civitas Solutions has a 52 week low of $15.40 and a 52 week high of $20.20.

In other news, CFO Denis M. Holler sold 7,148 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $19.63, for a total value of $140,315.24. Following the completion of the transaction, the chief financial officer now owns 287,762 shares in the company, valued at approximately $5,648,768.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Denis M. Holler sold 12,238 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $19.75, for a total transaction of $241,700.50. Following the completion of the transaction, the chief financial officer now owns 277,502 shares of the company’s stock, valued at approximately $5,480,664.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,902 shares of company stock valued at $712,427. 5.30% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in CIVI. Victory Capital Management Inc. increased its holdings in shares of Civitas Solutions by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 6,982 shares of the company’s stock valued at $122,000 after purchasing an additional 1,047 shares in the last quarter. Strs Ohio purchased a new position in shares of Civitas Solutions in the 3rd quarter valued at about $127,000. Martingale Asset Management L P purchased a new position in shares of Civitas Solutions in the 2nd quarter valued at about $186,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Civitas Solutions in the 3rd quarter valued at about $197,000. Finally, Parametric Portfolio Associates LLC purchased a new position in shares of Civitas Solutions in the 2nd quarter valued at about $211,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

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About Civitas Solutions

Civitas Solutions, Inc is a provider of home- and community-based health and human services to individuals with intellectual, developmental, physical or behavioral disabilities and other special needs. The Company operates through two segments: Human Services and Post-Acute Specialty Rehabilitation Services (SRS).

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Earnings History and Estimates for Civitas Solutions (NYSE:CIVI)

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