ModivCare (MODV) to Release Earnings on Thursday

ModivCare (NASDAQ:MODV) is scheduled to be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect ModivCare to post earnings of $0.21 per share for the quarter. ModivCare has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

ModivCare (NASDAQ:MODV) last announced its earnings results on Thursday, February 22nd. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.05. The company had revenue of $703.22 million during the quarter, compared to analysts’ expectations of $699.34 million. ModivCare had a negative net margin of 7.42% and a positive return on equity of 36.50%. On average, analysts expect ModivCare to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

ModivCare Stock Performance

NASDAQ:MODV opened at $24.84 on Thursday. The firm has a 50 day simple moving average of $28.48 and a 200-day simple moving average of $36.53. The company has a debt-to-equity ratio of 6.30, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market cap of $352.73 million, a PE ratio of -1.72, a P/E/G ratio of 0.59 and a beta of 0.44. ModivCare has a 1-year low of $19.64 and a 1-year high of $72.05.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Barrington Research lowered shares of ModivCare from an “outperform” rating to a “market perform” rating in a research report on Monday, February 26th. Deutsche Bank Aktiengesellschaft lowered shares of ModivCare from a “buy” rating to a “hold” rating and cut their price objective for the company from $60.00 to $40.00 in a research report on Friday, February 23rd. Finally, Jefferies Financial Group lowered shares of ModivCare from a “buy” rating to a “hold” rating and cut their price objective for the company from $60.00 to $39.00 in a research report on Friday, February 23rd.

ModivCare Company Profile

ModivCare Inc, a technology-enabled healthcare services company, provides a suite of integrated supportive care solutions for public and private payors and their members. The company operates through four segments: Non-Emergency Medical Transportation (NEMT), Personal Care, Remote Patient Monitoring (RPM), and Corporate and Other.