InnovAge (NASDAQ:INNV) Announces Quarterly Earnings Results

InnovAge (NASDAQ:INNV) posted 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 business had revenue of $199.40 million for the quarter, compared to analysts’ expectations of $190.19 million. During the same period in the previous year, the firm posted ($0.09) EPS. InnovAge updated its FY 2025 guidance to EPS.

InnovAge Price Performance

INNV opened at $6.18 on Wednesday. InnovAge has a 12-month low of $3.52 and a 12-month high of $7.73. The company has a market cap of $840.41 million, a price-to-earnings ratio of -25.75 and a beta of 0.39. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.25. The stock has a fifty day simple moving average of $5.97 and a two-hundred day simple moving average of $4.99.

InnovAge Company Profile

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.