ModivCare reports credit agreement amendment [Seeking Alpha]
ModivCare Inc. (MODV)
Company Research
Source: Seeking Alpha
Total Net Leverage Ratio Covenant: Increased for the quarter ended September 30, 2024, to 6.50x from 5.25x. Minimum Interest Coverage Ratio Covenant: Reduced for the quarter ended September 30, 2024, to 2.00x from 2.75x. This amendment ensures in advance that the company will maintain its compliance with all of its covenants under the Credit Agreement for the company's last completed fiscal quarter. In consideration, ModivCare ( MODV ) has agreed to increase its interest rate margin by 25 basis points until it delivers the required financial statements and compliance certificate for the fiscal year ending December 31, 2024. Source: Press Release More on ModivCare ModivCare Inc. 2024 Q2 - Results - Earnings Call Presentation ModivCare Inc. (MODV) Q2 2024 Earnings Call Transcript Modivcare cuts full year adjusted core profit outlook Seeking Alpha's Quant Rating on ModivCare Historical earnings data for ModivCare Recommended For You Comments More Trending News
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News
- Non-Emergency Medical Transportation Market Skyrockets to $15,579.98 Million by 2028 Dominated by NEMT Market Leaders - ABC Non-Emergency Medical Transportation, LLC, MTM, Inc. and AMR | The Insight Partners [Yahoo! Finance]Yahoo! Finance
- 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
- Implied Volatility Surging for ModivCare (MODV) Stock Options [Yahoo! Finance]Yahoo! Finance
- 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
- ModivCare Inc (MODV) Q3 2024 Earnings Call Highlights: Revenue Growth Amidst Strategic Shifts [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