InnovAge (INNV) to Release Earnings on Tuesday

InnovAge (NASDAQ:INNV) is set to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

InnovAge (NASDAQ:INNV) last posted its quarterly earnings results on Monday, February 5th. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). InnovAge had a negative return on equity of 10.53% and a negative net margin of 4.38%. The business had revenue of $188.90 million during the quarter, compared to the consensus estimate of $181.51 million. During the same period last year, the firm earned ($0.07) earnings per share. On average, analysts expect InnovAge to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

InnovAge Trading Down 1.0 %

NASDAQ:INNV opened at $4.04 on Friday. InnovAge has a 52 week low of $3.52 and a 52 week high of $8.05. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.26. The company has a market cap of $549.04 million, a PE ratio of -16.16 and a beta of 0.24. The business’s 50 day moving average is $4.39 and its two-hundred day moving average is $5.20.

Wall Street Analyst Weigh In

INNV has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their target price on shares of InnovAge from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. The Goldman Sachs Group dropped their price objective on shares of InnovAge from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th.

InnovAge Company Profile

InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in their homes and communities. The company manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach. It also offers in-home care services consisting of skilled, unskilled, and personal care; in-center services, such as primary care, physical therapy, occupational therapy, speech therapy, dental services, mental health and psychiatric services, meals, and activities; transportation to the PACE center and third-party medical appointments; and care management.