Invacare Corp. Now Covered by CJS Securities (IVC)
Research analysts at CJS Securities started coverage on shares of Invacare Corp. (NYSE:IVC) in a report released on Tuesday, Stock Ratings Network reports. The firm set an “outperform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Invacare Corp. (NYSE:IVC) to an “underperform” rating in a research note to investors on Friday, August 23rd. They now have a $12.50 price target on the stock. Analysts at TheStreet upgraded shares of Invacare Corp. (NYSE:IVC) from a “sell” rating to a “hold” rating in a research note to investors on Monday, July 15th.
Invacare Corp. (NYSE:IVC) opened at 16.86 on Tuesday. Invacare Corp. has a one year low of $10.26 and a one year high of $18.27. The stock’s 50-day moving average is $15.88 and its 200-day moving average is $14.71. The company has a market cap of $539.6 million and a P/E ratio of 29.22.
Invacare Corp. (NYSE:IVC) last posted its quarterly earnings results on Thursday, July 25th. The company reported ($0.27) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.20) by $0.07. The company had revenue of $351.80 million for the quarter, compared to the consensus estimate of $320.00 million. During the same quarter last year, the company posted $0.30 earnings per share. Invacare Corp.’s revenue was down 5.6% compared to the same quarter last year. On average, analysts predict that Invacare Corp. will post $-1.00 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 11th. Shareholders of record on Thursday, October 3rd will be given a dividend of $0.01 per share. This represents a $0.05 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Tuesday, October 1st.
Invacare Corporation (NYSE:IVC) is the manufacturer and distributor of medical equipment and supplies used in home.
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