Invacare Corporation (IVC) Plans Quarterly Dividend of $0.01
Invacare Corporation (NYSE:IVC) declared a quarterly dividend on Friday, August 18th, RTT News reports. Stockholders of record on Thursday, October 5th will be paid a dividend of 0.0125 per share by the health services provider on Monday, October 16th. This represents a $0.05 annualized dividend and a dividend yield of 0.37%.
Invacare Corporation has a payout ratio of -2.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Invacare Corporation to earn ($0.85) 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 -5.9%.
Shares of Invacare Corporation (IVC) traded down 0.636% during trading on Friday, hitting $13.275. 26,348 shares of the stock traded hands. The stock’s market cap is $436.35 million. The stock has a 50 day moving average price of $13.95 and a 200-day moving average price of $12.92. Invacare Corporation has a 1-year low of $8.00 and a 1-year high of $16.65.
Invacare Corporation (NYSE:IVC) last released its quarterly earnings data on Monday, August 7th. The health services provider reported ($0.63) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.42) by $0.21. Invacare Corporation had a negative net margin of 6.42% and a negative return on equity of 12.79%. The business had revenue of $233.50 million for the quarter, compared to analysts’ expectations of $243.03 million. During the same period last year, the company earned ($0.33) earnings per share. Invacare Corporation’s revenue for the quarter was down 15.1% compared to the same quarter last year. Equities analysts forecast that Invacare Corporation will post ($1.87) EPS for the current year.
Several research analysts recently weighed in on IVC shares. Stephens upgraded shares of Invacare Corporation from an “equal weight” rating to an “overweight” rating in a research report on Friday, April 28th. Zacks Investment Research lowered Invacare Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. ValuEngine raised Invacare Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub lowered Invacare Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Sidoti reissued a “neutral” rating and set a $12.00 price objective (down previously from $14.00) on shares of Invacare Corporation in a research note on Monday, June 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $14.50.
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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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