Invacare Corporation (IVC) to Release Earnings on Tuesday
Invacare Corporation (NYSE:IVC) is scheduled to release its earnings data after the market closes on Tuesday, November 7th. Analysts expect Invacare Corporation to post earnings of ($0.42) per share for the quarter.
Invacare Corporation (NYSE:IVC) last issued its quarterly earnings results on Monday, August 7th. The health services provider reported ($0.63) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.42) by ($0.21). The company had revenue of $233.50 million for the quarter, compared to analyst estimates of $243.03 million. Invacare Corporation had a negative return on equity of 12.79% and a negative net margin of 6.42%. The firm’s quarterly revenue was down 15.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.33) EPS. On average, analysts expect Invacare Corporation to post $-1.9 EPS for the current fiscal year and $-0.85 EPS for the next fiscal year.
Shares of Invacare Corporation (IVC) traded down 0.32% on Tuesday, reaching $15.60. 153,755 shares of the company traded hands. The firm’s 50 day moving average is $15.14 and its 200 day moving average is $14.08. The company’s market capitalization is $512.77 million. Invacare Corporation has a one year low of $8.90 and a one year high of $16.65.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Thursday, October 5th were given a $0.0125 dividend. This represents a $0.05 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Wednesday, October 4th. Invacare Corporation’s dividend payout ratio is presently -2.59%.
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In other news, SVP Dean J. Childers sold 6,249 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $15.15, for a total transaction of $94,672.35. Following the sale, the senior vice president now directly owns 44,875 shares in the company, valued at $679,856.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.20% of the company’s stock.
A number of research firms have issued reports on IVC. ValuEngine upgraded Invacare Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. KeyCorp reiterated an “overweight” rating and issued a $17.00 target price on shares of Invacare Corporation in a research report on Tuesday, September 26th. Zacks Investment Research upgraded Invacare Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, BidaskClub cut 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 given a hold rating and two have assigned a buy rating to the company’s stock. Invacare Corporation has a consensus rating of “Hold” and an average target price of $14.50.
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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