ModivCare Inc (MODV) Q3 2024 Earnings Call Highlights: Revenue Growth Amidst Strategic Shifts [Yahoo! Finance]
ModivCare Inc. (MODV)
Company Research
Source: Yahoo! Finance
Adjusted Net Income: $6 million or $0.45 per diluted share. Personal Care Services (PCS) Growth: 5% year-over-year increase in revenue. Remote Patient Monitoring (RPM) Revenue: Increased 2% sequentially to $19 million. Contract Receivables: $110 million as of September 30, with a 40% reduction in build rate. Free Cash Flow: $1.5 million for the quarter. Debt: Approximately $1.2 billion with a net leverage ratio of 5.6 times. Guidance for 2024: Revenue range of $2.7 to $2.9 billion; Adjusted EBITDA range of $170 to $180 million. Warning! GuruFocus has detected 11 Warning Signs with MODV. Release Date: November 07, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript ModivCare Inc ( NASDAQ:MODV ) reported third-quarter 2024 results in line with expectations, with adjusted EBITDA of $43 million and revenue of $702 million. The company successfully amended its credit agreement, providing temporary relief with debt
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News
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- ModivCare Inc. (NASDAQ: MODV) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $25.00 price target on the stock.MarketBeat
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- ModivCare Inc. (NASDAQ: MODV) had its price target raised by analysts at Barrington Research from $22.00 to $25.00. They now have an "outperform" rating on the stock.MarketBeat
- $18.5+ Billion Non-Emergency Medical Transportation Global Market Opportunities and Strategies to 2033: Digital Services to Facilitate Seamless Services, Use of AI in to Improve Patient Experience [Yahoo! Finance]Yahoo! Finance
MODV
Earnings
- 11/6/24 - Miss
MODV
Sec Filings
- 11/21/24 - Form 4
- 11/14/24 - Form SC
- 11/12/24 - Form 4
- MODV's page on the SEC website