News coverage about Invacare Corporation (NYSE:IVC) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Invacare Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the health services provider an impact score of 47.4398446322128 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
Invacare Corporation (IVC) opened at $17.45 on Friday. Invacare Corporation has a 52 week low of $9.90 and a 52 week high of $17.95. The company has a quick ratio of 1.53, a current ratio of 2.28 and a debt-to-equity ratio of 0.55.
Invacare Corporation (NYSE:IVC) last posted its quarterly earnings results on Tuesday, November 7th. The health services provider reported ($0.41) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.43) by $0.02. The business had revenue of $250.91 million during the quarter, compared to the consensus estimate of $239.88 million. Invacare Corporation had a negative return on equity of 13.33% and a negative net margin of 7.95%. Invacare Corporation’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.37) earnings per share. equities research analysts anticipate that Invacare Corporation will post -1.9 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Thursday, October 5th were paid a $0.0125 dividend. This represents a $0.05 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Wednesday, October 4th. Invacare Corporation’s dividend payout ratio (DPR) is presently -2.14%.
A number of research firms recently commented on IVC. KeyCorp reaffirmed a “buy” rating and issued a $18.00 price target on shares of Invacare Corporation in a research note on Friday. BidaskClub downgraded Invacare Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research raised Invacare Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, ValuEngine raised Invacare Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.00.
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In other Invacare Corporation news, SVP Dean J. Childers sold 6,249 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $15.15, for a total transaction of $94,672.35. Following the completion of the transaction, the senior vice president now owns 44,875 shares of the company’s stock, valued at $679,856.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by insiders.
Invacare Corporation Company Profile
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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