Innovex International (NYSE:INVX) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• Innovex International reported earnings of $0.28 per share, exceeding analysts' expectations of $0.27 by $0.01.
• The company's net margin stood at 16.68%, with a return on equity of 7.14%.
• After the earnings release, shares of Innovex International rose by $0.60, reaching a price of $16.58.

Innovex International (NYSE:INVX - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01, Zacks reports. Innovex International had a net margin of 16.66% and a return on equity of 8.58%. The business had revenue of $224.23 million for the quarter, compared to analyst estimates of $230.00 million. Innovex International updated its Q3 2025 guidance to EPS.

Innovex International Trading Up 1.1%

Shares of INVX traded up $0.18 on Friday, hitting $16.15. 343,787 shares of the stock traded hands, compared to its average volume of 389,554. Innovex International has a 1 year low of $11.93 and a 1 year high of $19.42. The stock's 50 day moving average is $16.04 and its two-hundred day moving average is $16.15. The firm has a market capitalization of $1.11 billion, a P/E ratio of 5.59 and a beta of 0.79. The company has a quick ratio of 2.49, a current ratio of 4.60 and a debt-to-equity ratio of 0.03.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Innovex International from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Barclays reduced their target price on Innovex International from $16.00 to $13.00 and set an "underweight" rating on the stock in a research note 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 price target for the company. Finally, Johnson Rice upgraded Innovex International to a "strong-buy" rating in a research report on Friday, May 30th. One analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Innovex International currently has an average rating of "Moderate Buy" and an average price target of $16.50.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 worth $379,000 after purchasing an additional 1,467 shares during the period. Empowered Funds LLC increased its holdings in shares of Innovex International by 8.2% during the 1st 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Innovex International by 11.8% in the 1st 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. AQR Capital Management LLC purchased a new position in shares of Innovex International in the 1st quarter worth $269,000. Finally, Caxton Associates LLP acquired a new position in Innovex International in the first quarter valued at $270,000.

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.