Invacare Corporation (NYSE:IVC) will issue its quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of ($0.38) per share for the quarter.
Invacare Corporation (NYSE:IVC) last issued its earnings results on Monday, August 7th. The health services provider reported ($0.63) EPS for the quarter, missing the consensus estimate of ($0.42) by ($0.21). The firm had revenue of $233.50 million during the quarter, compared to analysts’ expectations of $243.03 million. Invacare Corporation had a negative return on equity of 12.79% and a negative net margin of 6.42%. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.33) earnings per share. On average, analysts expect Invacare Corporation to post $-1.9 EPS for the current fiscal year and $-0.85 EPS for the next fiscal year.
Invacare Corporation (NYSE IVC) opened at 15.25 on Friday. The stock’s market capitalization is $501.27 million. Invacare Corporation has a 12 month low of $8.00 and a 12 month high of $16.65. The firm’s 50-day moving average is $15.07 and its 200-day moving average is $13.96.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Thursday, October 5th were paid a $0.0125 dividend. The ex-dividend date was Wednesday, October 4th. This represents a $0.05 annualized dividend and a yield of 0.33%. Invacare Corporation’s dividend payout ratio (DPR) is presently -2.59%.
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Several equities analysts have issued reports on IVC shares. ValuEngine upgraded Invacare Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research raised Invacare Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. KeyCorp reissued an “overweight” rating and issued a $17.00 price target on shares of Invacare Corporation in a report on Tuesday, September 26th. Finally, BidaskClub downgraded Invacare Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Invacare Corporation currently has a consensus rating of “Hold” and an average price target of $14.50.
In other news, SVP Dean J. Childers sold 6,249 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $15.15, for a total value of $94,672.35. Following the completion of the sale, the senior vice president now directly owns 44,875 shares in the company, valued at $679,856.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.60% of the company’s stock.
About Invacare Corporation
Invacare Corporation is a manufacturer and distributor for medical equipment used in non-acute care settings. The Company’s geographical segments are Europe; North America, which includes North America/Home Medical Equipment (North America/HME) and Institutional Products Group (IPG) segments, and Asia/Pacific.
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