InnovAge (INNV) Set to Announce Quarterly Earnings on Tuesday

InnovAge (NASDAQ:INNV) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect InnovAge to post earnings of ($0.04) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

InnovAge (NASDAQ:INNV) last announced its quarterly earnings data on Monday, February 5th. The company reported ($0.03) earnings per share for the quarter, meeting 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 for the quarter, compared to analyst estimates of $181.51 million. During the same period in the prior year, the company 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 %

InnovAge stock opened at $4.04 on Monday. InnovAge has a 52 week low of $3.52 and a 52 week high of $8.05. The stock has a 50-day moving average price of $4.39 and a 200 day moving average price of $5.19. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.26.

Analyst Upgrades and Downgrades

Several analysts have recently commented on INNV shares. 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 report on Thursday, February 8th. JPMorgan Chase & Co. lowered their price target 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.

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.