Brokerages expect Civitas Solutions, Inc. (NYSE:CIVI) to announce earnings of $0.16 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Civitas Solutions’ earnings. The highest EPS estimate is $0.16 and the lowest is $0.15. Civitas Solutions reported earnings of $0.11 per share in the same quarter last year, which would suggest a positive year over year growth rate of 45.5%. The firm is expected to announce its next quarterly earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Civitas Solutions will report full-year earnings of $0.77 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $0.81. For the next fiscal year, analysts forecast 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 EPS averages are a mean average based on a survey of sell-side research firms that follow Civitas Solutions.

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

A number of equities analysts have commented on CIVI shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Civitas Solutions in a report on Wednesday, December 13th. Zacks Investment Research downgraded shares of Civitas Solutions from a “hold” rating to a “sell” rating in a 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 report on Thursday, December 21st. Finally, BidaskClub downgraded shares of Civitas Solutions from a “hold” rating to a “sell” rating in a report on Thursday, October 12th.

In other news, insider Renzo Linda De sold 4,283 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $18.86, for a total transaction of $80,777.38. Following the completion of the transaction, the insider now owns 169,098 shares of the company’s stock, valued at $3,189,188.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Denis M. Holler sold 12,238 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $19.75, for a total transaction of $241,700.50. Following the transaction, the chief financial officer now directly 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 three months, insiders have sold 36,902 shares of company stock valued at $712,427. Corporate insiders own 5.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Citigroup Inc. raised its stake in shares of Civitas Solutions by 0.4% during the second quarter. Citigroup Inc. now owns 17,022 shares of the company’s stock valued at $298,000 after purchasing an additional 74 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Civitas Solutions by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 77,484 shares of the company’s stock valued at $1,356,000 after purchasing an additional 380 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Civitas Solutions by 4.8% during the second quarter. The Manufacturers Life Insurance Company now owns 13,822 shares of the company’s stock valued at $242,000 after purchasing an additional 630 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Civitas Solutions by 17.6% during the second 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. Finally, Rhumbline Advisers raised its stake in shares of Civitas Solutions by 7.1% during the second quarter. Rhumbline Advisers now owns 16,897 shares of the company’s stock valued at $296,000 after purchasing an additional 1,115 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Civitas Solutions (NYSE CIVI) opened at $17.40 on Tuesday. The company has a market cap of $651.49, a price-to-earnings ratio of 102.35, a price-to-earnings-growth ratio of 2.25 and a beta of 0.42. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 3.83. Civitas Solutions has a 1-year low of $15.40 and a 1-year high of $20.20.

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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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