Zacks: Analysts Expect Civitas Solutions Inc (CIVI) to Post $0.13 Earnings Per Share

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.

How to Become a New Pot Stock Millionaire

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%.

Several research firms recently weighed in on CIVI. Zacks Investment Research downgraded Civitas Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. SunTrust Banks set a $21.00 price target on Civitas Solutions and gave the stock a “buy” rating in a research note on Thursday, December 21st. Canaccord Genuity restated a “buy” rating and issued a $27.00 price target on shares of Civitas Solutions in a research note on Wednesday, December 13th. Raymond James Financial upgraded Civitas Solutions from a “market perform” rating to an “outperform” rating in a research note on Friday, February 2nd. Finally, Citigroup upgraded Civitas Solutions to an “outperform” rating and set a $21.00 price target on the stock in a research note on Friday, February 2nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $20.00.

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.

TRADEMARK VIOLATION NOTICE: This story was originally posted by Ticker Report and is the property of of Ticker Report. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/3297628/zacks-analysts-expect-civitas-solutions-inc-civi-to-post-0-13-earnings-per-share.html.

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).

Get a free copy of the Zacks research report on Civitas Solutions (CIVI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Civitas Solutions (NYSE:CIVI)

Receive News & Ratings for Civitas Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Civitas Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Park-Ohio Holdings Corp.  Given Average Recommendation of “Hold” by Brokerages
Park-Ohio Holdings Corp. Given Average Recommendation of “Hold” by Brokerages
Contrasting resTORbio  and BioLineRx
Contrasting resTORbio and BioLineRx
Contrasting MarineMax  & U.S. Auto Parts
Contrasting MarineMax & U.S. Auto Parts
Target  and Its Rivals Critical Review
Target and Its Rivals Critical Review
Somewhat Positive Media Coverage Somewhat Unlikely to Impact Formula Systems  Stock Price
Somewhat Positive Media Coverage Somewhat Unlikely to Impact Formula Systems Stock Price
Somewhat Positive News Coverage Somewhat Unlikely to Impact SandRidge Energy  Share Price
Somewhat Positive News Coverage Somewhat Unlikely to Impact SandRidge Energy Share Price


© 2006-2018 Ticker Report. Google+.