Revenue Update on Civitas Solutions Inc(NYSE:CIVI)

Civitas Solutions Inc(NYSE:CIVI) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $353.96M. Analysts estimated a revenue of $357.48M. Earnings per share were $0.13. Analysts had estimated an EPS of $0.19.

Civitas Solutions Inc (CIVI) shares turned negative on Wednesdays trading session with the shares closing down -0.1 points or -0.55% at a volume of 64,533. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.39. The peak price level was also seen at $18.39 while the days lowest was $18.09. Finally the shares closed at $18.18. The 52-week high of the shares is $30.23 while the 52-week low is $15.19. According to the latest information available, the market cap of the company is $675 M.

Several Insider Transactions has been reported to the SEC. On Jul 14, 2016, Renzo Linda De (officer ) sold 5,000 shares at $22.54 per share price.Also, On Jul 6, 2016, Jeffrey Michael Cohen (Chief Information Officer) sold 5,000 shares at $20.75 per share price.On Oct 9, 2015, Robert M. Melia (Chief Bus. Dev. Officer) sold 67,908 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.

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