Brokerages Anticipate Civitas Solutions Inc (CIVI) to Post $0.20 EPS

Equities research analysts predict that Civitas Solutions Inc (NYSE:CIVI) will announce earnings per share of $0.20 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Civitas Solutions’ earnings. The highest EPS estimate is $0.32 and the lowest is $0.08. Civitas Solutions reported 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 company is expected to report its next earnings results on Tuesday, December 11th.

On average, analysts expect that Civitas Solutions will report full year earnings of $1.49 per share for the current financial year, with EPS estimates ranging from $1.36 to $1.61. For the next year, analysts expect that the company will report earnings of $1.07 per share, with EPS estimates ranging from $0.57 to $1.57. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Civitas Solutions.

Several brokerages recently commented on CIVI. Zacks Investment Research raised shares of Civitas Solutions from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a research report on Tuesday, July 3rd. ValuEngine cut shares of Civitas Solutions from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. Civitas Solutions currently has an average rating of “Hold” and a consensus price target of $19.80.

In other Civitas Solutions news, insider Bruce F. Nardella sold 2,568 shares of the stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $16.75, for a total transaction of $43,014.00. Following the completion of the sale, the insider now directly owns 585,247 shares of the company’s stock, valued at approximately $9,802,887.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey Michael Cohen sold 2,039 shares of the stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $16.20, for a total transaction of $33,031.80. Following the sale, the insider now directly owns 76,361 shares of the company’s stock, valued at $1,237,048.20. The disclosure for this sale can be found here. Insiders sold a total of 23,346 shares of company stock valued at $391,708 over the last three months. 5.30% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in shares of Civitas Solutions by 18.4% in the second quarter. BlackRock Inc. now owns 1,085,516 shares of the company’s stock valued at $17,803,000 after purchasing an additional 168,695 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Civitas Solutions by 38.1% during the second quarter. Dimensional Fund Advisors LP now owns 498,338 shares of the company’s stock worth $8,173,000 after purchasing an additional 137,534 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Civitas Solutions by 29.6% during the first quarter. JPMorgan Chase & Co. now owns 395,737 shares of the company’s stock worth $6,095,000 after purchasing an additional 90,345 shares during the last quarter. Barclays PLC lifted its position in shares of Civitas Solutions by 14,620.1% during the first quarter. Barclays PLC now owns 375,216 shares of the company’s stock worth $5,779,000 after purchasing an additional 372,667 shares during the last quarter. Finally, Jupiter Asset Management Ltd. lifted its position in shares of Civitas Solutions by 5.1% during the first quarter. Jupiter Asset Management Ltd. now owns 270,589 shares of the company’s stock worth $4,167,000 after purchasing an additional 13,183 shares during the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:CIVI traded down $0.05 during midday trading on Thursday, reaching $14.50. The company’s stock had a trading volume of 25,606 shares, compared to its average volume of 47,832. The company has a market capitalization of $527.13 million, a PE ratio of 10.39, a P/E/G ratio of 0.99 and a beta of 0.57. The company has a debt-to-equity ratio of 4.19, a current ratio of 1.27 and a quick ratio of 1.27. Civitas Solutions has a 12-month low of $11.15 and a 12-month high of $19.90.

About Civitas Solutions

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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