Wall Street analysts expect Civitas Solutions Inc (NYSE:CIVI) to announce sales of $407.44 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Civitas Solutions’ earnings, with the lowest sales estimate coming in at $404.70 million and the highest estimate coming in at $410.18 million. Civitas Solutions reported sales of $380.37 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.1%. The firm is scheduled to announce its next earnings results after the market closes on Thursday, December 13th.

On average, analysts expect that Civitas Solutions will report full year sales of $1.60 billion for the current fiscal year. For the next financial year, analysts anticipate that the company will post sales of $1.67 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Civitas Solutions.

NYSE CIVI traded up $0.18 on Thursday, hitting $13.65. 31,351 shares of the stock were exchanged, compared to its average volume of 24,142. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 4.19. Civitas Solutions has a fifty-two week low of $11.15 and a fifty-two week high of $19.80. The stock has a market capitalization of $494.53 million, a PE ratio of 19.23, a price-to-earnings-growth ratio of 0.98 and a beta of 0.53.

In other news, insider Jeffrey Michael Cohen sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $14.73, for a total transaction of $29,460.00. Following the completion of the sale, the insider now owns 74,361 shares in the company, valued at approximately $1,095,337.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bruce F. Nardella sold 2,300 shares of the business’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $17.05, for a total transaction of $39,215.00. Following the sale, the chief executive officer now owns 582,947 shares of the company’s stock, valued at approximately $9,939,246.35. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of CIVI. Stadium Capital Management LLC increased its stake in Civitas Solutions by 1.4% in the 3rd quarter. Stadium Capital Management LLC now owns 3,045,368 shares of the company’s stock valued at $44,919,000 after buying an additional 43,500 shares during the period. BlackRock Inc. increased its stake in Civitas Solutions by 0.5% in the 3rd quarter. BlackRock Inc. now owns 1,091,307 shares of the company’s stock valued at $16,097,000 after buying an additional 5,791 shares during the period. Dimensional Fund Advisors LP increased its stake in Civitas Solutions by 16.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 578,204 shares of the company’s stock valued at $8,528,000 after buying an additional 79,866 shares during the period. JPMorgan Chase & Co. increased its stake in Civitas Solutions by 18.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 442,991 shares of the company’s stock valued at $6,533,000 after buying an additional 69,538 shares during the period. Finally, Northern Trust Corp increased its stake 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 period. Institutional investors and hedge funds own 89.62% 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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Earnings History and Estimates for Civitas Solutions (NYSE:CIVI)

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