Invacare Corporation (IVC) Set to Announce Quarterly Earnings on Monday
Invacare Corporation (NYSE:IVC) is scheduled to issue its quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of ($0.38) per share for the quarter.
Invacare Corporation (NYSE:IVC) last released its quarterly earnings results on Monday, August 7th. The health services provider reported ($0.63) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.21). The company had revenue of $233.50 million during the quarter, compared to analysts’ expectations of $243.03 million. Invacare Corporation had a negative net margin of 6.42% and a negative return on equity of 12.79%. Invacare Corporation’s revenue was down 15.1% on a year-over-year basis. During the same period last year, the firm posted ($0.33) earnings per share. On average, analysts expect Invacare Corporation to post $-1.87 EPS for the current fiscal year and $-0.67 EPS for the next fiscal year.
Invacare Corporation (IVC) traded up 2.74% during midday trading on Monday, hitting $15.00. 173,393 shares of the stock were exchanged. The stock’s market cap is $493.05 million. Invacare Corporation has a 12-month low of $8.00 and a 12-month high of $16.65. The firm has a 50 day moving average of $15.00 and a 200-day moving average of $13.84.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Thursday, October 5th were issued a $0.0125 dividend. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $0.05 annualized dividend and a yield of 0.34%. Invacare Corporation’s payout ratio is -2.59%.
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Several research analysts recently commented on the stock. ValuEngine upgraded shares of Invacare Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 4th. KeyCorp restated an “overweight” rating and issued a $17.00 price target on shares of Invacare Corporation in a report on Tuesday, September 26th. Zacks Investment Research upgraded shares of Invacare Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, BidaskClub lowered shares of Invacare Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $14.50.
In other news, SVP Dean J. Childers sold 6,249 shares of Invacare Corporation stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $15.15, for a total transaction of $94,672.35. Following the sale, the senior vice president now owns 44,875 shares in the company, valued at $679,856.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.
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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