Inovalon (INOV) Issues FY 2018 Earnings Guidance

Inovalon (NASDAQ:INOV) issued an update on its FY 2018 earnings guidance on Wednesday morning. 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.

INOV stock traded down $0.09 during midday trading on Wednesday, reaching $10.08. 356,478 shares of the company traded hands, compared to its average volume of 525,747. Inovalon has a 52-week low of $8.90 and a 52-week high of $16.90. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market cap of $1.43 billion, a PE ratio of 43.83, a price-to-earnings-growth ratio of 2.38 and a beta of 1.02.

INOV has been the topic of a number of recent research reports. BidaskClub upgraded Inovalon from a hold rating to a buy rating in a research report on Saturday, October 13th. ValuEngine downgraded Inovalon from a hold rating to a sell rating in a research report on Tuesday, September 4th. Finally, Zacks Investment Research upgraded Inovalon from a hold rating to a strong-buy rating and set a $14.00 price objective on the stock in a research report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Inovalon has an average rating of Hold and a consensus target price of $11.67.

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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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