Innovex International (INVX) Expected to Announce 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) will likely be posting its quarterly earnings results after the market closes on Tuesday, August 5th. Analysts expect Innovex International to post 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 results on Tuesday, May 6th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). The firm had revenue of $240.42 million for the quarter, compared to analysts' expectations of $247.73 million. Innovex International had a net margin of 16.68% and a return on equity of 7.14%.

Innovex International Price Performance

Shares of NYSE INVX traded down $0.75 during midday trading on Friday, reaching $15.67. 41,732 shares of the stock traded hands, compared to its average volume of 409,226. The company's 50 day moving average is $15.75 and its 200 day moving average is $16.19. Innovex International has a one year low of $11.93 and a one year high of $19.42. The stock has a market capitalization of $1.08 billion, a PE ratio of 5.98 and a beta of 0.82. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.34 and a quick ratio of 2.49.

Institutional Investors Weigh In On Innovex International

A number of institutional investors and hedge funds have recently bought and sold shares of INVX. AQR Capital Management LLC purchased a new stake in Innovex International in the first quarter worth about $269,000. Caxton Associates LLP bought a new position in shares of Innovex International during the first quarter valued at approximately $270,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Innovex International by 7.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,093 shares of the company's stock valued at $379,000 after buying an additional 1,467 shares during the period. Empowered Funds LLC raised 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 worth $1,044,000 after buying an additional 4,386 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Innovex International by 11.8% during 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 worth $1,764,000 after buying an additional 10,401 shares during the period.

Analyst Upgrades and Downgrades

INVX has been the topic of several analyst reports. Wall Street Zen cut Innovex International from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Barclays cut their price target on shares of Innovex International from $16.00 to $13.00 and set an "underweight" rating on the stock in a report on Friday, May 9th. Piper Sandler initiated coverage on Innovex International in a research report on Tuesday, July 15th. They set an "overweight" rating and a $20.00 target price for the company. Finally, Johnson Rice upgraded Innovex International to a "strong-buy" rating in a report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Innovex International has an average rating of "Moderate Buy" and a consensus price target of $16.50.

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.