Wall Street analysts expect Civitas Solutions Inc (NYSE:CIVI) to report sales of $397.91 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Civitas Solutions’ earnings, with estimates ranging from $396.21 million to $399.60 million. Civitas Solutions posted sales of $362.40 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.8%. The company is scheduled to announce its next quarterly earnings report on Wednesday, May 9th.
According to Zacks, analysts expect that Civitas Solutions will report full-year sales of $397.91 million for the current year, with estimates ranging from $1.59 billion to $1.61 billion. For the next year, analysts forecast that the firm will report sales of $1.68 billion per share, with estimates ranging from $1.68 billion to $1.69 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Civitas Solutions.
Civitas Solutions (NYSE:CIVI) last issued its earnings results on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.17. Civitas Solutions had a return on equity of 19.77% and a net margin of 0.76%. The business had revenue of $395.42 million during the quarter, compared to analysts’ expectations of $390.05 million.
In other Civitas Solutions news, CFO Denis M. Holler sold 12,238 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $19.75, for a total value of $241,700.50. Following the completion of the sale, the chief financial officer now directly owns 277,502 shares in the company, valued at approximately $5,480,664.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.76% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new position in shares of Civitas Solutions in the 4th quarter worth $110,000. Macquarie Group Ltd. acquired a new position in Civitas Solutions during the 4th quarter valued at about $112,000. Stone Ridge Asset Management LLC acquired a new position in Civitas Solutions during the 4th quarter valued at about $368,000. Cornercap Investment Counsel Inc. increased its position in Civitas Solutions by 6.7% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 89,810 shares of the company’s stock valued at $1,536,000 after buying an additional 5,665 shares in the last quarter. Finally, Deutsche Bank AG increased its position in Civitas Solutions by 104.7% during the 4th quarter. Deutsche Bank AG now owns 41,593 shares of the company’s stock valued at $709,000 after buying an additional 21,275 shares in the last quarter. 94.61% of the stock is owned by hedge funds and other institutional investors.
Shares of Civitas Solutions (CIVI) traded up $0.07 during mid-day trading on Friday, hitting $14.52. The company’s stock had a trading volume of 148,193 shares, compared to its average volume of 178,134. Civitas Solutions has a twelve month low of $11.15 and a twelve month high of $19.90. The stock has a market cap of $542.55, a PE ratio of 111.15, a price-to-earnings-growth ratio of 1.71 and a beta of 0.76. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 3.99.
Civitas Solutions announced that its Board of Directors has authorized a stock buyback program on Thursday, February 8th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
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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