Innovex International (INVX) to Release Quarterly Earnings on Tuesday

Key Points

• Innovex International is set to report its quarterly earnings on August 5th, with analysts anticipating earnings of $0.27 per share and revenue of $230 million.
• The stock has experienced a 2.3% decline, trading at $17.28, with a market cap of $1.19 billion and a current ratio of 4.34.
• Recent analyst ratings have been mixed, with one firm lowering the company's rating, while another established a new $20 price target and strong-buy rating.

Innovex International (NYSE:INVX - Get Free Report) is expected to be announcing its earnings results after the market closes on Tuesday, August 5th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $230.00 million for the quarter. Innovex International has set its Q2 2025 guidance at EPS.

Innovex International (NYSE:INVX - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.03). Innovex International had a net margin of 16.68% and a return on equity of 7.14%. The business had revenue of $240.42 million during the quarter, compared to analysts' expectations of $247.73 million.

Innovex International Stock Down 4.2%

Shares of INVX traded down $0.69 during mid-day trading on Friday, reaching $15.73. The company's stock had a trading volume of 270,519 shares, compared to its average volume of 376,415. Innovex International has a 12-month low of $11.93 and a 12-month high of $19.42. The stock has a market cap of $1.09 billion, a PE ratio of 6.00 and a beta of 0.79. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.34 and a quick ratio of 2.49. The company's 50 day moving average is $15.83 and its 200 day moving average is $16.19.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Piper Sandler began coverage on Innovex International in a research report on Tuesday, July 15th. They issued an "overweight" rating and a $20.00 target price for the company. Wall Street Zen cut Innovex International from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Barclays decreased their price objective on Innovex International from $16.00 to $13.00 and set an "underweight" rating for the company in a research report on Friday, May 9th. Finally, Johnson Rice raised Innovex International to a "strong-buy" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Innovex International currently has a consensus rating of "Moderate Buy" and an average price target of $16.50.

Hedge Funds Weigh In On Innovex International

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC acquired a new position in Innovex International in the first quarter valued at $269,000. Caxton Associates LLP acquired a new position in Innovex International in the first quarter valued at $270,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Innovex International by 7.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,093 shares of the company's stock valued at $379,000 after purchasing an additional 1,467 shares during the last quarter. Empowered Funds LLC increased its stake in Innovex International by 8.2% in the first quarter. Empowered Funds LLC now owns 58,131 shares of the company's stock valued at $1,044,000 after purchasing an additional 4,386 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Innovex International by 11.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,225 shares of the company's stock valued at $1,764,000 after purchasing an additional 10,401 shares during the last quarter.

Innovex International Company Profile

Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.