Civitas Solutions Inc (CIVI) Releases Earnings Results, Beats Expectations By $0.06 EPS

Civitas Solutions Inc (CIVI) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $0.20 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.14. The company posted revenue of $345.68 million in the period, compared to analysts expectations of $349.42 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

Civitas Solutions Inc opened for trading at $20.07 and hit $20.58 on the upside on Friday, eventually ending the session at $20.49, with a gain of 1.14% or 0.23 points. The heightened volatility saw the trading volume jump to 55,539 shares. Company has a market cap of $760 M.

In a different news, on Oct 9, 2015, Renzo Linda De (officer ) sold 64,100 shares at $21.50 per share price. According to the SEC, on Oct 9, 2015, Robert M. Melia (Chief Bus. Dev. Officer) sold 67,908 shares at $21.50 per share price. On Oct 9, 2015, Neil D. Brendmoen (Hastings Op. Group President) sold 23,267 shares at $21.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Civitas Solutions Inc. (Civitas) is a provider of home-and community-based health and human services to must-serve individuals with intellectual developmental physical or behavioral disabilities and other special needs. The Company operates in two segments: Human Service which provides home and community-based human services to adults and children with intellectual and/or developmental disabilities and to youth with emotional behavioral and/or medically complex challenges; and Post-Acute Specialty Rehabilitation Service (SRS) which provides health care and community-based health and human services to individuals who have suffered acquired brain and/or spinal injuries and other catastrophic injuries and illnesses. The Company also owns Lakeview programs which provide community-based residential services for individuals with brain injuries at eight locations in New Hampshire.

Civitas Solutions Inc

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