Civitas Solutions (CIVI) Misses Q4 EPS by 7c; Guides Revs In-Line

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Civitas Solutions (CIVI) PT Raised to $29.50 at UBS

December 11, 2015 9:40 AM EST

UBS analyst, A.J. Rice, raised his PT on Civitas Solutions (NYSE: CIVI) after the company beat his below consensus EPS estimate. Notes follow:

Civitas posted FQ4 adj EPS of $0.17 (excluding $0.02 of stock comp), which compares to consensus of $0.17. Adjusted EPS also excludes $1.0 mln of secondary offering costs and $1.7 mln of executive retirement compensation. Adjusted EBITDA increased 12.8% to $37.9 mln and was $0.9 mln ahead of... More