InnovAge (NASDAQ:INNV) Issues Earnings Results, Beats Expectations By $0.01 EPS

InnovAge (NASDAQ:INNVGet Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01, Yahoo Finance reports. InnovAge had a negative return on equity of 10.51% and a negative net margin of 4.16%. The firm had revenue of $199.40 million during the quarter, compared to analysts’ expectations of $190.19 million. During the same period in the previous year, the firm earned ($0.09) EPS. InnovAge updated its FY 2025 guidance to EPS.

InnovAge Price Performance

INNV stock opened at $6.18 on Wednesday. The company’s 50-day moving average price is $5.97 and its two-hundred day moving average price is $4.99. InnovAge has a 12 month low of $3.52 and a 12 month high of $7.73. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.25. The firm has a market cap of $840.41 million, a P/E ratio of -25.75 and a beta of 0.39.

About InnovAge

(Get Free Report)

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.

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Earnings History for InnovAge (NASDAQ:INNV)

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