Inovalon (INOV) Issues FY 2018 Earnings Guidance

Inovalon (NASDAQ:INOV) updated its FY 2018 earnings guidance on Wednesday. The company provided EPS guidance of $0.27-0.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.35. The company issued revenue guidance of $525-545 million, compared to the consensus revenue estimate of $570.11 million.Inovalon also updated its FY 2019 guidance to $0.41-0.47 EPS.

A number of equities analysts have weighed in on the company. Wells Fargo & Co lowered their price objective on Inovalon from $14.00 to $11.00 and set a market perform rating on the stock in a research note on Thursday. Zacks Investment Research lowered Inovalon from a buy rating to a hold rating in a research note on Saturday, November 3rd. BidaskClub lowered Inovalon from a buy rating to a hold rating in a research note on Thursday, November 1st. Finally, ValuEngine raised Inovalon from a sell rating to a hold rating in a research note on Wednesday, October 17th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Inovalon presently has an average rating of Hold and a consensus target price of $10.67.

NASDAQ:INOV opened at $10.55 on Friday. Inovalon has a 52 week low of $8.90 and a 52 week high of $16.90. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 45.87, a price-to-earnings-growth ratio of 2.58 and a beta of 1.02.

Inovalon (NASDAQ:INOV) last posted its earnings results on Wednesday, November 7th. The technology company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). Inovalon had a negative net margin of 0.40% and a positive return on equity of 3.69%. The business had revenue of $145.81 million during the quarter, compared to analysts’ expectations of $159.53 million. During the same quarter in the prior year, the firm earned $0.09 EPS. Inovalon’s revenue for the quarter was up 25.9% compared to the same quarter last year. On average, research analysts predict that Inovalon will post 0.28 EPS for the current fiscal year.

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Inovalon Company Profile

Inovalon Holdings, Inc, a technology company, provides cloud-based platforms empowering a data-driven transformation from volume-based to value-based models in the healthcare industry. The company's platform enables the assessment and enhancement of clinical and quality outcomes and financial performance.

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