Brokerages expect Civitas Solutions, Inc. (NYSE:CIVI) to announce earnings per share (EPS) of $0.22 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Civitas Solutions’ earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.24. Civitas Solutions reported earnings per share of $0.30 in the same quarter last year, which suggests a negative year over year growth rate of 26.7%. The business is expected to announce its next earnings report on Wednesday, December 13th.

On average, analysts expect that Civitas Solutions will report full-year earnings of $0.68 per share for the current fiscal year, with EPS estimates ranging from $0.67 to $0.70. For the next fiscal year, analysts expect that the firm will post earnings of $0.85 per share, with EPS estimates ranging from $0.81 to $0.88. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Civitas Solutions.

Civitas Solutions (NYSE:CIVI) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.01. Civitas Solutions had a net margin of 1.35% and a return on equity of 17.01%. The company had revenue of $377.80 million during the quarter, compared to the consensus estimate of $376.51 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year.

CIVI has been the subject of several research analyst reports. BidaskClub lowered shares of Civitas Solutions from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of Civitas Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $23.50.

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In other news, insider Renzo Linda De sold 10,000 shares of Civitas Solutions stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $18.83, for a total value of $188,300.00. Following the completion of the sale, the insider now owns 181,334 shares in the company, valued at approximately $3,414,519.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Denis M. Holler sold 3,897 shares of Civitas Solutions stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $19.17, for a total transaction of $74,705.49. Following the completion of the sale, the chief financial officer now owns 306,081 shares of the company’s stock, valued at approximately $5,867,572.77. The disclosure for this sale can be found here. Insiders sold a total of 45,096 shares of company stock valued at $855,414 in the last quarter. 5.30% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. FMR LLC increased its stake in Civitas Solutions by 1.1% during the 2nd quarter. FMR LLC now owns 5,596,978 shares of the company’s stock valued at $97,947,000 after purchasing an additional 61,501 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Civitas Solutions by 55.8% during the 1st quarter. Nuveen Asset Management LLC now owns 741,979 shares of the company’s stock valued at $13,615,000 after purchasing an additional 265,884 shares in the last quarter. Vanguard Group Inc. increased its stake in Civitas Solutions by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 719,953 shares of the company’s stock valued at $12,600,000 after purchasing an additional 7,218 shares in the last quarter. Jupiter Asset Management Ltd. increased its stake in Civitas Solutions by 0.5% during the 1st quarter. Jupiter Asset Management Ltd. now owns 295,445 shares of the company’s stock valued at $5,421,000 after purchasing an additional 1,350 shares in the last quarter. Finally, State Street Corp increased its stake in Civitas Solutions by 14.3% during the 2nd quarter. State Street Corp now owns 270,368 shares of the company’s stock valued at $4,738,000 after purchasing an additional 33,779 shares in the last quarter. Institutional investors and hedge funds own 93.97% of the company’s stock.

Shares of Civitas Solutions (CIVI) opened at 18.25 on Friday. The stock’s 50 day moving average is $18.14 and its 200 day moving average is $17.68. Civitas Solutions has a 12 month low of $15.40 and a 12 month high of $20.98. The company has a market cap of $681.86 million, a P/E ratio of 35.10 and a beta of 0.43.

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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