Civitas Solutions (NYSE:CIVI) posted its quarterly earnings data on Thursday. The company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.32), Briefing.com reports. Civitas Solutions had a return on equity of 31.01% and a net margin of 0.37%. The firm had revenue of $409.50 million during the quarter, compared to the consensus estimate of $406.61 million. During the same period in the prior year, the firm posted ($0.29) EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. Civitas Solutions updated its FY 2019 guidance to EPS.
CIVI opened at $12.62 on Friday. Civitas Solutions has a one year low of $11.15 and a one year high of $18.35. The company has a debt-to-equity ratio of 4.19, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $476.78 million, a PE ratio of 17.77 and a beta of 0.53.
In related news, CEO Bruce F. Nardella sold 2,300 shares of Civitas Solutions 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey Michael Cohen sold 2,000 shares of Civitas Solutions stock in a transaction on Monday, October 1st. The stock was 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. 4.76% of the stock is currently owned by insiders.
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About Civitas Solutions
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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