Invacare Co. Expected to Post Q1 2018 Earnings of ($0.48) Per Share (IVC)

Invacare Co. (NYSE:IVC) – Investment analysts at KeyCorp issued their Q1 2018 EPS estimates for shares of Invacare in a report issued on Thursday. KeyCorp analyst M. Mishan anticipates that the health services provider will earn ($0.48) per share for the quarter. KeyCorp currently has a “Overweight” rating and a $21.00 target price on the stock. KeyCorp also issued estimates for Invacare’s Q2 2018 earnings at ($0.34) EPS, Q3 2018 earnings at ($0.17) EPS, Q4 2018 earnings at ($0.16) EPS and FY2019 earnings at ($0.24) EPS.

Invacare (NYSE:IVC) last announced its quarterly earnings data on Wednesday, February 7th. The health services provider reported ($0.42) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.44) by $0.02. The company had revenue of $250.35 million during the quarter, compared to the consensus estimate of $241.07 million. Invacare had a negative net margin of 7.92% and a negative return on equity of 14.95%. Invacare’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.46) EPS.

IVC has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Invacare from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. ValuEngine upgraded shares of Invacare from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. 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. The stock has a consensus rating of “Hold” and a consensus price target of $16.50.

Invacare (IVC) opened at $18.50 on Monday. The company has a market cap of $724.96, a price-to-earnings ratio of -7.87 and a beta of 2.55. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.57 and a current ratio of 2.10. Invacare has a 12-month low of $10.20 and a 12-month high of $19.05.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th were issued a $0.0125 dividend. The ex-dividend date of this dividend was Wednesday, January 3rd. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.27%. Invacare’s dividend payout ratio is presently -2.13%.

Several institutional investors and hedge funds have recently made changes to their positions in IVC. Schwab Charles Investment Management Inc. increased its holdings in shares of Invacare by 4.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 368,717 shares of the health services provider’s stock valued at $4,868,000 after purchasing an additional 17,025 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Invacare by 3.4% in the 2nd quarter. Wells Fargo & Company MN now owns 318,852 shares of the health services provider’s stock valued at $4,209,000 after purchasing an additional 10,481 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Invacare by 55.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 132,630 shares of the health services provider’s stock valued at $1,751,000 after purchasing an additional 47,417 shares in the last quarter. Nationwide Fund Advisors increased its holdings in shares of Invacare by 104.5% in the 2nd quarter. Nationwide Fund Advisors now owns 163,206 shares of the health services provider’s stock valued at $2,154,000 after purchasing an additional 83,400 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in shares of Invacare by 7.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 19,470 shares of the health services provider’s stock valued at $257,000 after purchasing an additional 1,390 shares in the last quarter.

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Invacare 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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