Equities analysts expect that Civitas Solutions Inc (NYSE:CIVI) will report earnings per share of $0.20 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Civitas Solutions’ earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.32. Civitas Solutions posted earnings of $0.25 per share during the same quarter last year, which would indicate a negative year over year growth rate of 20%. The business is expected to announce its next quarterly earnings results on Tuesday, December 11th.
According to Zacks, analysts expect that Civitas Solutions will report full year earnings of $1.49 per share for the current fiscal year, with EPS estimates ranging from $1.36 to $1.61. For the next year, analysts forecast that the business will post earnings of $1.07 per share, with EPS estimates ranging from $0.57 to $1.57. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Civitas Solutions.
Civitas Solutions (NYSE:CIVI) last announced its quarterly earnings results on Tuesday, August 7th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.18. The company had revenue of $404.50 million during the quarter, compared to analysts’ expectations of $398.26 million. Civitas Solutions had a return on equity of 31.01% and a net margin of 0.37%.
CIVI has been the subject of a number of research reports. Zacks Investment Research raised Civitas Solutions from a “hold” rating to a “strong-buy” rating and set a $19.00 target price for the company in a research note on Tuesday, July 3rd. ValuEngine cut Civitas Solutions from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $19.80.
In related news, insider Jeffrey Michael Cohen sold 2,000 shares of the stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $14.73, for a total transaction of $29,460.00. Following the completion of the sale, the insider now directly owns 74,361 shares of the company’s stock, valued at approximately $1,095,337.53. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Bruce F. Nardella sold 2,300 shares of the stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $17.05, for a total value of $39,215.00. Following the sale, the chief executive officer now directly owns 582,947 shares of the company’s stock, valued at $9,939,246.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,453 shares of company stock valued at $188,625. 5.30% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Civitas Solutions by 18.4% during the 2nd quarter. BlackRock Inc. now owns 1,085,516 shares of the company’s stock worth $17,803,000 after acquiring an additional 168,695 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Civitas Solutions by 38.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 498,338 shares of the company’s stock worth $8,173,000 after acquiring an additional 137,534 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Civitas Solutions by 29.6% during the 1st quarter. JPMorgan Chase & Co. now owns 395,737 shares of the company’s stock worth $6,095,000 after acquiring an additional 90,345 shares during the last quarter. Northern Trust Corp boosted its position in Civitas Solutions by 6.5% during the 2nd quarter. Northern Trust Corp now owns 252,126 shares of the company’s stock worth $4,134,000 after acquiring an additional 15,297 shares during the last quarter. Finally, Cadence Capital Management LLC boosted its position in Civitas Solutions by 209.1% during the 2nd quarter. Cadence Capital Management LLC now owns 147,864 shares of the company’s stock worth $2,425,000 after acquiring an additional 100,026 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.
Shares of CIVI stock opened at $15.32 on Wednesday. The company has a debt-to-equity ratio of 4.19, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market capitalization of $561.91 million, a PE ratio of 21.58, a P/E/G ratio of 1.11 and a beta of 0.58. Civitas Solutions has a one year low of $11.15 and a one year high of $19.80.
Civitas Solutions Company Profile
Civitas Solutions, Inc provides home- and community-based health and human services to must-serve individuals with intellectual, developmental, behavioral, and/or medically complex disabilities and challenges in the United States. It operates through Intellectual and Developmental Disabilities (I/DD), Post-Acute Specialty Rehabilitation Services (SRS), and At-Risk Youth (ARY) segments.
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