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.
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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