Invacare Corporation (NYSE:IVC) – Investment analysts at KeyCorp dropped their Q3 2017 earnings per share estimates for shares of Invacare Corporation in a report issued on Wednesday. KeyCorp analyst M. Mishan now forecasts that the health services provider will post earnings per share of ($0.42) for the quarter, down from their previous estimate of ($0.27). KeyCorp also issued estimates for Invacare Corporation’s Q4 2017 earnings at ($0.36) EPS, FY2017 earnings at ($1.88) EPS and FY2018 earnings at ($0.85) EPS.

Several other research firms also recently issued reports on IVC. BidaskClub downgraded shares of Invacare Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. ValuEngine upgraded shares of Invacare Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Stephens upgraded shares of Invacare Corporation from an “equal weight” rating to an “overweight” rating in a research note on Friday, April 28th. Zacks Investment Research downgraded shares of Invacare Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Finally, Sidoti restated a “neutral” rating and issued a $12.00 price objective (down previously from $14.00) on shares of Invacare Corporation in a research note on Monday, June 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $14.50.

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Invacare Corporation (IVC) opened at 13.55 on Friday. Invacare Corporation has a 52 week low of $8.00 and a 52 week high of $16.65. The stock’s market cap is $445.39 million. The company has a 50-day moving average price of $13.82 and a 200-day moving average price of $12.86.

Invacare Corporation (NYSE:IVC) last issued its earnings results on Monday, August 7th. The health services provider reported ($0.63) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.42) by $0.21. The firm had revenue of $233.50 million during 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 business’s revenue was down 15.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.33) EPS.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 3rd were paid a $0.0125 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.05 annualized dividend and a yield of 0.37%. Invacare Corporation’s dividend payout ratio is presently -2.59%.

In other Invacare Corporation news, Director Dale C. Laporte sold 2,737 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $14.95, for a total value of $40,918.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in IVC. AlphaOne Investment Services LLC increased its position in Invacare Corporation by 3.3% in the first quarter. AlphaOne Investment Services LLC now owns 349,848 shares of the health services provider’s stock valued at $4,163,000 after buying an additional 11,069 shares in the last quarter. Alambic Investment Management L.P. increased its position in Invacare Corporation by 20.3% in the first quarter. Alambic Investment Management L.P. now owns 146,231 shares of the health services provider’s stock valued at $1,740,000 after buying an additional 24,700 shares in the last quarter. State of Tennessee Treasury Department increased its position in Invacare Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 27,500 shares of the health services provider’s stock valued at $327,000 after buying an additional 4,150 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Invacare Corporation by 15.1% in the first quarter. Parametric Portfolio Associates LLC now owns 167,334 shares of the health services provider’s stock valued at $1,991,000 after buying an additional 21,913 shares in the last quarter. Finally, Comerica Bank increased its position in Invacare Corporation by 3.7% in the first quarter. Comerica Bank now owns 35,002 shares of the health services provider’s stock valued at $464,000 after buying an additional 1,241 shares in the last quarter.

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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