Invacare Corp. (IVC) Posts Quarterly Earnings, Misses Expectations By $0.27 EPS
Invacare Corp. (NYSE:IVC) issued its quarterly earnings data on Thursday. The company reported ($0.49) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.22) by $0.27, Analyst RN reports. The company had revenue of $309.10 million for the quarter, compared to the consensus estimate of $326.90 million. During the same quarter in the prior year, the company posted ($0.36) earnings per share. The company’s quarterly revenue was down 6.7% on a year-over-year basis.
On a related note, analysts at KeyCorp initiated coverage on shares of Invacare Corp. in a research note on Wednesday, April 9th. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $17.00.
Invacare Corp. (NYSE:IVC) traded down 6.62% during mid-day trading on Thursday, hitting $16.4353. 173,575 shares of the company’s stock traded hands. Invacare Corp. has a 52 week low of $10.26 and a 52 week high of $25.96. The stock’s 50-day moving average is $18.82 and its 200-day moving average is $20.44. The company’s market cap is $526.2 million.
Invacare Corporation (NYSE:IVC) is the manufacturer and distributor of medical equipment and supplies used in home.
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