Deutsche Bank cuts ModivCare to hold, cites 2024 guidance [Seeking Alpha]
ModivCare Inc. (MODV)
Company Research
Source: Seeking Alpha
The investment bank said ModivCare was now guiding for 2024 EBITDA of $190M to $210M, versus the consensus number of $211M. Moreover, the company guided to Q1 EBITDA of $30.5M, which is 36% below the consensus estimate. “With several bumps in the road over the past year and struggles with FCF generation, we are unable to continue recommending MODV,” wrote the analysts in their note. Deutsche said it planned to review its estimates after the company's conference call on Friday. The bank set its price target for the stock at $40. Recommended For You Recommended For You About MODV Stock Related Stocks Trending Analysis Trending News
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MODV
News
- Modivcare Reports First Quarter 2024 Financial Results; Maintains Guidance [Yahoo! Finance]Yahoo! Finance
- Modivcare Reports First Quarter 2024 Financial Results; Maintains GuidanceBusiness Wire
- Modivcare to Report First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Modivcare to Report First Quarter 2024 Financial ResultsBusiness Wire
- The past three years for ModivCare (NASDAQ:MODV) investors has not been profitable [Yahoo! Finance]Yahoo! Finance
MODV
Earnings
- 5/2/24 - Miss
MODV
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/30/24 - Form DEFA14A
- MODV's page on the SEC website