Separately, Zacks Investment Research upgraded shares of Invacare Corp. from a sell rating to a hold rating in a report on Tuesday, July 26th.
Invacare Corp. (NYSE:IVC) traded up 1.30% during trading on Thursday, hitting $11.73. 739,762 shares of the company’s stock traded hands. The stock’s market cap is $380.86 million. Invacare Corp. has a 12 month low of $9.89 and a 12 month high of $20.41. The company’s 50 day moving average is $11.58 and its 200-day moving average is $11.94.
Invacare Corp. (NYSE:IVC) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by $0.09. Invacare Corp. had a negative net margin of 2.81% and a negative return on equity of 5.16%. The company had revenue of $275 million for the quarter, compared to analysts’ expectations of $270.10 million. During the same quarter in the prior year, the firm earned ($0.23) EPS. Invacare Corp.’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, analysts predict that Invacare Corp. will post ($0.95) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, October 13th will be paid a $0.0125 dividend. The ex-dividend date is Tuesday, October 11th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.43%. Invacare Corp.’s dividend payout ratio (DPR) is presently -5.21%.
Institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its position in Invacare Corp. by 108.2% in the second quarter. BNP Paribas Arbitrage SA now owns 9,371 shares of the company’s stock valued at $114,000 after buying an additional 4,871 shares during the last quarter. Rational Advisors LLC acquired a new position in shares of Invacare Corp. during the second quarter worth approximately $124,000. Profund Advisors LLC acquired a new position in shares of Invacare Corp. during the second quarter worth approximately $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. Finally, 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. 90.80% of the stock is owned by institutional investors.
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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