Wall Street analysts forecast that Civitas Solutions Inc (NYSE:CIVI) will report $407.44 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Civitas Solutions’ earnings, with the lowest sales estimate coming in at $404.70 million and the highest estimate coming in at $410.18 million. Civitas Solutions reported sales of $380.37 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.1%. The business is scheduled to report its next quarterly earnings report after the market closes on Thursday, December 13th.

On average, analysts expect that Civitas Solutions will report full-year sales of $1.60 billion for the current year. For the next year, analysts expect that the firm will report sales of $1.67 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Civitas Solutions.

In other news, insider Jeffrey Michael Cohen sold 2,000 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $14.73, for a total transaction of $29,460.00. Following the transaction, the insider now owns 74,361 shares in the company, valued at approximately $1,095,337.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bruce F. Nardella sold 2,300 shares of the firm’s stock in a transaction on Friday, October 5th. The shares were sold at an average price of $17.05, for a total transaction of $39,215.00. Following the transaction, the chief executive officer now owns 582,947 shares in the company, valued at approximately $9,939,246.35. The disclosure for this sale can be found here. Company insiders own 5.30% of the company’s stock.

Several large investors have recently bought and sold shares of CIVI. Globeflex Capital L P boosted its position in shares of Civitas Solutions by 12.5% during the 2nd quarter. Globeflex Capital L P now owns 29,479 shares of the company’s stock valued at $483,000 after acquiring an additional 3,276 shares in the last quarter. Spark Investment Management LLC boosted its position in shares of Civitas Solutions by 21.7% during the 2nd quarter. Spark Investment Management LLC now owns 21,900 shares of the company’s stock valued at $359,000 after acquiring an additional 3,900 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of Civitas Solutions by 14.0% during the 3rd quarter. Panagora Asset Management Inc. now owns 39,523 shares of the company’s stock valued at $583,000 after acquiring an additional 4,862 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Civitas Solutions by 9.8% during the 3rd quarter. Teachers Advisors LLC now owns 58,806 shares of the company’s stock valued at $867,000 after acquiring an additional 5,273 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Civitas Solutions by 5.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 101,642 shares of the company’s stock valued at $1,667,000 after acquiring an additional 5,392 shares in the last quarter. Institutional investors own 89.62% of the company’s stock.

Civitas Solutions stock opened at $13.61 on Thursday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 4.19. The company has a market capitalization of $493.08 million, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 0.97 and a beta of 0.53. Civitas Solutions has a 1 year low of $11.15 and a 1 year high of $19.80.

Civitas Solutions Company Profile

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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