Civitas Solutions (CIVI) Releases Earnings Results, Misses Expectations By $0.32 EPS

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.



Several hedge funds and other institutional investors have recently modified their holdings of CIVI. Bank of New York Mellon Corp grew its holdings in shares of 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 worth $1,667,000 after acquiring an additional 5,392 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Civitas Solutions in the 2nd quarter worth $165,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Civitas Solutions by 9.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 81,747 shares of the company’s stock worth $1,341,000 after acquiring an additional 6,730 shares during the last quarter. Spark Investment Management LLC grew its holdings in shares of Civitas Solutions by 21.7% in the 2nd quarter. Spark Investment Management LLC now owns 21,900 shares of the company’s stock worth $359,000 after acquiring an additional 3,900 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Civitas Solutions by 19.8% in the 2nd quarter. Royce & Associates LP now owns 92,323 shares of the company’s stock worth $1,514,000 after acquiring an additional 15,285 shares during the last quarter. Institutional investors and hedge funds own 89.62% of the company’s stock.

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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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Earnings History for Civitas Solutions (NYSE:CIVI)

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