InnovAge (INNV) Set to Announce Earnings on Tuesday

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

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

InnovAge Stock Down 1.0 %

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

Wall Street Analysts Forecast Growth

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

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 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.