Civitas Solutions (CIVI) Tops Q2 EPS by 5c

Civitas Solutions (NYSE: CIVI) reported Q2 EPS of $0.20, $0.05 better than the analyst estimate of $0.15. Revenue for the quarter came in at $345.7 million versus the consensus estimate of $349.23 million.

Fiscal 2016 Outlook and Guidance

The Company is confirming its fiscal year 2016 net revenue and Adjusted EBITDA guidance that it originally communicated on December 10, 2015 during the release of fiscal 2015 fourth quarter and full year results.

For fiscal 2016, we are maintaining our guidance for net revenue with a range of $1.400 billion to $1.440 billion and Adjusted EBITDA with a range of $161.0 million to $165.0 million.

Modeling guidelines for the current fiscal year are as follows:

Annual tax rate: 53%*Depreciation and Amortization: $73 millionAverage basic and diluted shares outstanding for the year: 37.5 millionStock-based compensation: $17.6 million*Capital expenditures: 3.3% to 3.5% of net revenue

For earnings history and earnings-related data on Civitas Solutions (CIVI) click here.

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