Innovex International (NYSE:INVX – Get Free Report) is expected to announce its results after the market closes on Thursday, October 29th. Analysts expect Innovex International to post earnings of $0.3879 per share and revenue of $265.96 million for the quarter.
Innovex International (NYSE:INVX – Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. Innovex International had a net margin of 6.17% and a return on equity of 7.12%. The firm had revenue of $244.90 million during the quarter, compared to the consensus estimate of $241.58 million. On average, analysts expect Innovex International to post $1.44 EPS for the current fiscal year and $1.81 EPS for the next fiscal year.
Innovex International Stock Up 2.8%
Innovex International stock opened at $30.74 on Tuesday. Innovex International has a 1-year low of $19.07 and a 1-year high of $33.71. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.01 and a quick ratio of 3.32. The stock has a market cap of $2.15 billion, a PE ratio of 34.54 and a beta of 0.92. The stock’s fifty day moving average is $28.91 and its two-hundred day moving average is $27.01.
Analysts Set New Price Targets
A number of research analysts have recently commented on the company. Weiss Ratings upgraded Innovex International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Barclays upped their price target on Innovex International from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, August 11th. Wall Street Zen lowered shares of Innovex International from a “buy” rating to a “hold” rating in a research note on Monday, August 17th. Zacks Research cut shares of Innovex International from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Finally, Citigroup raised their price objective on shares of Innovex International from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.75.
View Our Latest Report on Innovex International
Insider Buying and Selling at Innovex International
In other Innovex International news, Director Co-Invest Fund L.P. Innovex sold 4,954,467 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $28.71, for a total value of $142,242,747.57. Following the completion of the transaction, the director owned 311 shares in the company, valued at $8,928.81. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Amberjack Capital Partners, L. sold 5,000,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $28.71, for a total value of $143,550,000.00. Following the transaction, the director directly owned 311 shares in the company, valued at approximately $8,928.81. The trade was a 99.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 9,964,467 shares of company stock worth $286,092,748 over the last 90 days. Corporate insiders own 34.90% of the company’s stock.
About Innovex International
Innovex International, Inc is an energy technology and oilfield equipment company that provides products and services used throughout the life cycle of oil and natural gas wells. Its offerings support drilling, completion, production, intervention and other well-construction and well-maintenance activities for operators and oilfield service companies.
The company’s portfolio includes downhole tools and technologies, completion equipment, wellhead and production systems, and equipment used in onshore and offshore applications.
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