Separately, Zacks Investment Research upgraded Invacare Corp. from a sell rating to a hold rating in a research report on Tuesday, July 26th.
Invacare Corp. (NYSE:IVC) opened at 11.42 on Thursday. The company’s 50 day moving average price is $11.58 and its 200-day moving average price is $11.93. The stock’s market capitalization is $370.80 million. Invacare Corp. has a one year low of $9.89 and a one year high of $20.41.
Invacare Corp. (NYSE:IVC) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by $0.09. The firm had revenue of $275 million for the quarter, compared to analysts’ expectations of $270.10 million. Invacare Corp. had a negative net margin of 2.81% and a negative return on equity of 5.16%. The firm’s revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.23) EPS. Analysts expect that Invacare Corp. will post ($0.95) earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, October 13th will be given a $0.0125 dividend. This represents a $0.05 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Tuesday, October 11th. Invacare Corp.’s payout ratio is -5.21%.
Hedge funds have recently modified their holdings of the company. Arizona State Retirement System raised its position in Invacare Corp. by 4.0% in the first quarter. Arizona State Retirement System now owns 15,424 shares of the company’s stock worth $203,000 after buying an additional 600 shares during the period. Amici Capital LLC raised its position in Invacare Corp. by 200.0% in the first quarter. Amici Capital LLC now owns 300,000 shares of the company’s stock worth $3,951,000 after buying an additional 200,000 shares during the period. Springbok Capital Management LLC raised its position in Invacare Corp. by 78.4% in the first quarter. Springbok Capital Management LLC now owns 22,300 shares of the company’s stock worth $294,000 after buying an additional 9,800 shares during the period. Jacobs Levy Equity Management Inc. raised its position in Invacare Corp. by 815.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 151,939 shares of the company’s stock worth $2,001,000 after buying an additional 135,350 shares during the period. Finally, Bogle Investment Management L P DE acquired a new position in Invacare Corp. during the first quarter worth $2,039,000.
Invacare Corp. 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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