Equities analysts expect Civitas Solutions Inc (NYSE:CIVI) to announce $407.44 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Civitas Solutions’ earnings. The lowest sales estimate is $404.70 million and the highest is $410.18 million. Civitas Solutions posted sales of $380.37 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.1%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, December 11th.
On average, analysts expect that Civitas Solutions will report full-year sales of $1.60 billion for the current financial year. For the next financial year, analysts expect that the firm will report sales of $1.67 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for Civitas Solutions.
Civitas Solutions (NYSE:CIVI) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.18. Civitas Solutions had a return on equity of 31.01% and a net margin of 0.37%. The company had revenue of $404.50 million for the quarter, compared to analyst estimates of $398.26 million.
Shares of CIVI stock traded up $0.02 during trading hours on Friday, hitting $14.60. The company had a trading volume of 41,000 shares, compared to its average volume of 105,778. The firm has a market cap of $548.51 million, a P/E ratio of 20.46, a P/E/G ratio of 1.08 and a beta of 0.58. Civitas Solutions has a 12 month low of $11.15 and a 12 month high of $19.80. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 4.19.
In other Civitas Solutions news, CEO Bruce F. Nardella sold 2,300 shares of the stock in a transaction on Friday, October 5th. The stock was sold at an average price of $17.05, for a total value of $39,215.00. Following the transaction, the chief executive officer now directly owns 582,947 shares in the company, valued at approximately $9,939,246.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey Michael Cohen sold 2,000 shares of the stock in a transaction on Monday, October 1st. The shares were sold at an average price of $14.73, for a total value of $29,460.00. Following the completion of the transaction, the insider now owns 74,361 shares in the company, valued at $1,095,337.53. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,453 shares of company stock worth $188,625. 4.76% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. First Trust Advisors LP boosted its position in Civitas Solutions by 38.9% in the 3rd quarter. First Trust Advisors LP now owns 23,661 shares of the company’s stock valued at $349,000 after buying an additional 6,622 shares during the last quarter. Northern Trust Corp boosted its position in Civitas Solutions by 6.5% in the 2nd quarter. Northern Trust Corp now owns 252,126 shares of the company’s stock valued at $4,134,000 after buying an additional 15,297 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Civitas Solutions by 5.6% in 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 buying an additional 5,392 shares during the last quarter. Paloma Partners Management Co bought a new position in Civitas Solutions in the 2nd quarter valued at $405,000. Finally, Summit Trail Advisors LLC boosted its position in Civitas Solutions by 37.0% in the 2nd quarter. Summit Trail Advisors LLC now owns 21,435 shares of the company’s stock valued at $352,000 after buying an additional 5,793 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.
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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