Invacare Corporation (IVC) Receiving Somewhat Positive News Coverage, Study Finds
Headlines about Invacare Corporation (NYSE:IVC) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Invacare Corporation earned a news impact score of 0.13 on Accern’s scale. Accern also gave news stories about the health services provider an impact score of 45.6778284684388 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Invacare Corporation (NYSE:IVC) traded up 1.29% on Friday, hitting $15.75. 654,262 shares of the company were exchanged. The firm’s market cap is $517.70 million. The company has a 50-day moving average price of $14.20 and a 200 day moving average price of $13.31. Invacare Corporation has a 52-week low of $8.00 and a 52-week high of $16.65.
Invacare Corporation (NYSE:IVC) last announced its quarterly earnings data on Monday, August 7th. The health services provider reported ($0.63) earnings per share 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 analysts’ expectations of $243.03 million. Invacare Corporation had a negative return on equity of 12.79% and a negative net margin of 6.42%. The company’s revenue was down 15.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.33) earnings per share. Analysts predict that Invacare Corporation will post ($1.87) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Thursday, October 5th will be issued a dividend of $0.0125 per share. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $0.05 annualized dividend and a dividend yield of 0.32%. Invacare Corporation’s payout ratio is currently -2.59%.
Several brokerages recently issued reports on IVC. KeyCorp reissued an “overweight” rating and set a $17.00 target price on shares of Invacare Corporation in a report on Tuesday. BidaskClub cut shares of Invacare Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. ValuEngine raised shares of Invacare Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Zacks Investment Research cut shares of Invacare Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Finally, Sidoti reissued a “neutral” rating and set a $12.00 target price (down previously from $14.00) on shares of Invacare Corporation in a report on Monday, June 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Invacare Corporation has a consensus rating of “Hold” and an average target price of $14.50.
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In other news, SVP Dean J. Childers sold 6,249 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $15.15, for a total transaction of $94,672.35. Following the transaction, the senior vice president now directly owns 44,875 shares in the company, valued at approximately $679,856.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate 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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