Civitas Solutions (CIVI) Given Coverage Optimism Rating of 0.09
Media headlines about Civitas Solutions (NYSE:CIVI) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Civitas Solutions earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the company an impact score of 44.2684827091264 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- BidaskClub Lowers Civitas Solutions, Inc. (CIVI) to Sell (americanbankingnews.com)
- Renzo Linda De Sells 617 Shares of Civitas Solutions, Inc. (CIVI) Stock (americanbankingnews.com)
- Civitas Solutions, Inc. breached its 50 day moving average in a Bearish Manner : CIVI-US : October 13, 2017 (finance.yahoo.com)
- Civitas Solutions, Inc. (CIVI) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
Several equities analysts have weighed in on CIVI shares. Zacks Investment Research raised Civitas Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub cut Civitas Solutions from a “hold” rating to a “sell” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.67.
Shares of Civitas Solutions (NYSE:CIVI) traded up 1.65% during trading on Wednesday, reaching $18.45. The company’s stock had a trading volume of 17,312 shares. The stock has a market cap of $689.33 million, a P/E ratio of 35.48 and a beta of 0.41. The stock has a 50-day moving average of $18.72 and a 200-day moving average of $17.85. Civitas Solutions has a 52-week low of $15.40 and a 52-week high of $20.98.
Civitas Solutions (NYSE:CIVI) last posted its earnings results on Wednesday, August 9th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $377.80 million for the quarter, compared to the consensus estimate of $376.51 million. Civitas Solutions had a return on equity of 17.01% and a net margin of 1.35%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.13 earnings per share. Analysts predict that Civitas Solutions will post $0.69 earnings per share for the current fiscal year.
In related news, insider Gerald J. Jr. Morrissey sold 2,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $19.23, for a total value of $38,460.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Denis M. Holler sold 6,429 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $19.13, for a total value of $122,986.77. Following the completion of the sale, the chief financial officer now owns 311,078 shares in the company, valued at approximately $5,950,922.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,920 shares of company stock worth $838,271. Company insiders own 5.30% of the company’s stock.
About Civitas Solutions
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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