Invacare Co. (NYSE:IVC) declared a quarterly dividend on Thursday, February 22nd, RTT News reports. Stockholders of record on Wednesday, April 4th will be paid a dividend of 0.0125 per share by the health services provider on Wednesday, April 18th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.28%.
Invacare has a dividend payout ratio of -2.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Invacare to earn ($0.24) per share next year, which means the company may not be able to cover its $0.05 annual dividend with an expected future payout ratio of -20.8%.
Invacare (IVC) opened at $17.97 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 2.10. Invacare has a 12 month low of $10.20 and a 12 month high of $19.05.
Invacare (NYSE:IVC) last issued its quarterly earnings data on Wednesday, February 7th. The health services provider reported ($0.42) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.44) by $0.02. Invacare had a negative net margin of 7.92% and a negative return on equity of 14.95%. The business had revenue of $250.35 million during the quarter, compared to analysts’ expectations of $241.07 million. During the same period last year, the company posted ($0.46) EPS. The company’s revenue was up 1.5% on a year-over-year basis. equities research analysts forecast that Invacare will post -1.16 earnings per share for the current fiscal year.
In other Invacare news, Director C Martin Harris sold 3,443 shares of Invacare stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $18.15, for a total value of $62,490.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is currently owned by insiders.
A number of research analysts have recently weighed in on the stock. KeyCorp raised their price objective on shares of Invacare from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Zacks Investment Research raised shares of Invacare from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, ValuEngine raised shares of Invacare from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $16.50.
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Invacare 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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