Trading Report: The Invacare Corp. (IVC) Releases Quarterly Earnings Results, Misses Estimates By $0.16 EPS

The Invacare Corp. (IVC) Releases Quarterly  Earnings Results, Misses Estimates By $0.16 EPS

Invacare Corp. (NYSE:IVC) released its quarterly earnings data on Monday. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.16. The business had revenue of $268.15 million for the quarter, compared to analyst estimates of $271.47 million. Invacare Corp. had a negative return on equity of 5.16% and a negative net margin of 2.81%. During the same period in the prior year, the company posted ($0.13) earnings per share.

Invacare Corp. (NYSE:IVC) opened at 9.80 on Monday. The firm’s market capitalization is $318.20 million. The stock’s 50 day moving average price is $10.99 and its 200 day moving average price is $11.68. Invacare Corp. has a 52-week low of $9.50 and a 52-week high of $20.41.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 21st. Stockholders of record on Thursday, October 13th were given a dividend of $0.0125 per share. The ex-dividend date was Tuesday, October 11th. This represents a $0.05 annualized dividend and a dividend yield of 0.51%. Invacare Corp.’s dividend payout ratio is currently -5.21%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rational Advisors LLC purchased a new position in shares of Invacare Corp. during the second quarter worth $124,000. Profund Advisors LLC purchased a new position in shares of Invacare Corp. during the second quarter worth $125,000. Thrivent Financial for Lutherans boosted its position in shares of Invacare Corp. by 7.6% in the second quarter. Thrivent Financial for Lutherans now owns 14,820 shares of the company’s stock worth $180,000 after buying an additional 1,050 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Invacare Corp. by 1.3% in the second quarter. Arizona State Retirement System now owns 15,624 shares of the company’s stock worth $190,000 after buying an additional 200 shares during the last quarter. Finally, Coe Capital Management LLC purchased a new position in shares of Invacare Corp. during the second quarter worth $232,000.

IVC has been the subject of several analyst reports. Zacks Investment Research raised Invacare Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. KeyCorp set a $17.00 price objective on Invacare Corp. and gave the stock a “buy” rating in a research report on Thursday, October 6th.

About Invacare Corp.

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