Brokerages forecast that Civitas Solutions, Inc. (NYSE:CIVI) will report earnings per share of $0.22 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Civitas Solutions’ earnings. The highest EPS estimate is $0.24 and the lowest is $0.21. Civitas Solutions posted earnings per share of $0.30 during the same quarter last year, which suggests a negative year over year growth rate of 26.7%. The business is scheduled to issue its next quarterly earnings results on Wednesday, December 13th.

According to Zacks, analysts expect that Civitas Solutions will report full year earnings of $0.68 per share for the current year, with EPS estimates ranging from $0.67 to $0.70. For the next fiscal year, analysts forecast that the company will report earnings of $0.85 per share, with EPS estimates ranging from $0.81 to $0.88. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Civitas Solutions.

Civitas Solutions (NYSE:CIVI) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.20 EPS for the quarter, topping the Zacks’ 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 business had revenue of $377.80 million for the quarter, compared to analyst estimates of $376.51 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis.

CIVI has been the subject of several research analyst reports. BidaskClub lowered Civitas Solutions from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Canaccord Genuity raised their price target on Civitas Solutions from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research upgraded Civitas Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $25.00.

In related news, CFO Denis M. Holler sold 4,600 shares of Civitas Solutions stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $19.63, for a total value of $90,298.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Renzo Linda De sold 4,283 shares of Civitas Solutions stock in a transaction on Friday, October 27th. The shares were sold at an average price of $18.86, for a total value 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 34,737 shares of company stock valued at $661,655. 5.30% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of CIVI. American International Group Inc. raised its stake in Civitas Solutions by 7.1% in the first quarter. American International Group Inc. now owns 9,298 shares of the company’s stock valued at $171,000 after buying an additional 617 shares in the last quarter. Alliancebernstein L.P. raised its stake in Civitas Solutions by 3.1% in the first quarter. Alliancebernstein L.P. now owns 16,750 shares of the company’s stock valued at $307,000 after buying an additional 500 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Civitas Solutions by 7.2% during the first quarter. TIAA CREF Investment Management LLC now owns 92,158 shares of the company’s stock worth $1,691,000 after purchasing an additional 6,219 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Civitas Solutions by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 712,735 shares of the company’s stock valued at $13,079,000 after purchasing an additional 55,328 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Civitas Solutions by 3.6% during the 1st quarter. Geode Capital Management LLC now owns 124,815 shares of the company’s stock worth $2,290,000 after acquiring an additional 4,394 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Shares of Civitas Solutions (CIVI) opened at $18.75 on Monday. Civitas Solutions has a 1 year low of $15.40 and a 1 year high of $20.98. The stock has a market cap of $698.69, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 2.19 and a beta of 0.41. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 3.64.

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Civitas Solutions Company Profile

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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