ModivCare (MODV) Scheduled to Post Earnings on Thursday

ModivCare (NASDAQ:MODV) is scheduled to release 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.Investors that are interested in registering for the company’s conference call can do so using this link.

ModivCare (NASDAQ:MODV) last released its quarterly earnings results on Thursday, February 22nd. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.05. ModivCare had a negative net margin of 7.42% and a positive return on equity of 36.50%. The business had revenue of $703.22 million for the quarter, compared to the consensus estimate of $699.34 million. 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

MODV stock opened at $23.84 on Tuesday. ModivCare has a 1 year low of $19.64 and a 1 year high of $70.25. The company has a fifty day simple moving average of $26.90 and a 200 day simple moving average of $36.34. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 6.30.

Wall Street Analyst Weigh In

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

About ModivCare

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.