Brokerages expect that Civitas Solutions Inc (NYSE:CIVI) will announce earnings of $0.13 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Civitas Solutions’ earnings. The highest EPS estimate is $0.15 and the lowest is $0.11. Civitas Solutions reported earnings per share of $0.15 in the same quarter last year, which suggests a negative year-over-year growth rate of 13.3%. The firm is expected to announce its next quarterly earnings results on Wednesday, May 9th.
According to Zacks, analysts expect that Civitas Solutions will report full-year earnings of $0.85 per share for the current year, with EPS estimates ranging from $0.81 to $0.87. For the next year, analysts anticipate that the firm will report earnings of $0.81 per share, with EPS estimates ranging from $0.76 to $0.86. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Civitas Solutions.
Civitas Solutions (NYSE:CIVI) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.17. The company had revenue of $395.42 million for the quarter, compared to the consensus estimate of $390.05 million. Civitas Solutions had a return on equity of 19.77% and a net margin of 0.76%.
CIVI stock traded down $0.15 during trading on Friday, hitting $14.95. The company had a trading volume of 198,790 shares, compared to its average volume of 171,321. The company has a debt-to-equity ratio of 3.99, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $566.96, a P/E ratio of 48.23, a P/E/G ratio of 1.78 and a beta of 0.76. Civitas Solutions has a 52 week low of $11.15 and a 52 week high of $19.90.
Civitas Solutions declared that its board has initiated a stock repurchase plan on Thursday, February 8th that allows the company to repurchase $25.00 million in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
Hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its position in Civitas Solutions by 63.1% in the 3rd quarter. Wells Fargo & Company MN now owns 16,825 shares of the company’s stock valued at $311,000 after acquiring an additional 6,509 shares in the last quarter. First Quadrant L P CA lifted its position in Civitas Solutions by 56.6% in the 4th quarter. First Quadrant L P CA now owns 21,146 shares of the company’s stock valued at $362,000 after acquiring an additional 7,646 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Civitas Solutions by 16.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 177,215 shares of the company’s stock valued at $3,270,000 after buying an additional 24,690 shares during the period. Cadence Capital Management LLC lifted its holdings in shares of Civitas Solutions by 8.1% during the 4th quarter. Cadence Capital Management LLC now owns 72,303 shares of the company’s stock valued at $1,236,000 after buying an additional 5,428 shares during the period. Finally, Strs Ohio lifted its holdings in shares of Civitas Solutions by 366.7% during the 4th quarter. Strs Ohio now owns 32,200 shares of the company’s stock valued at $550,000 after buying an additional 25,300 shares during the period. 94.61% of the stock is currently owned by institutional investors and hedge funds.
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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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