InnovAge (INNV) Set to Announce Earnings on Tuesday

InnovAge (NASDAQ:INNV) is scheduled to be announcing its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. InnovAge has set its FY 2025 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

InnovAge (NASDAQ:INNV) last issued its quarterly earnings results on Tuesday, September 10th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. InnovAge had a negative net margin of 2.79% and a negative return on equity of 7.43%. The firm had revenue of $199.40 million during the quarter, compared to analysts’ expectations of $190.19 million. During the same quarter in the prior year, the business earned ($0.09) EPS. On average, analysts expect InnovAge to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

InnovAge Price Performance

Shares of INNV opened at $5.93 on Monday. The company has a market capitalization of $803.52 million, a price-to-earnings ratio of -37.06 and a beta of 0.39. InnovAge has a fifty-two week low of $3.52 and a fifty-two week high of $6.61. The firm has a 50-day simple moving average of $5.94 and a 200-day simple moving average of $5.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.25 and a current ratio of 1.25.

Insider Activity

In related news, insider Nicole Damato sold 4,372 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $5.95, for a total value of $26,013.40. Following the completion of the sale, the insider now owns 240,795 shares in the company, valued at $1,432,730.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, KeyCorp started coverage on InnovAge in a research note on Friday, October 11th. They issued a “sector weight” rating on the stock.

About InnovAge

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 its 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.