Invacare Corporation (NYSE:IVC) announced its quarterly earnings data on Monday, August 7th. The health services provider reported ($0.63) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.42) by $0.21, Bloomberg Earnings reports. Invacare Corporation had a negative return on equity of 12.79% and a negative net margin of 6.42%. The firm had revenue of $233.50 million for the quarter, compared to the consensus estimate of $243.03 million. During the same quarter last year, the business earned ($0.33) earnings per share. The business’s revenue for the quarter was down 15.1% compared to the same quarter last year.
Invacare Corporation (NYSE IVC) traded up 0.67% during midday trading on Friday, reaching $13.45. The company’s stock had a trading volume of 197,344 shares. The firm’s market capitalization is $442.10 million. Invacare Corporation has a 1-year low of $8.00 and a 1-year high of $16.65. The firm has a 50 day moving average price of $13.96 and a 200 day moving average price of $12.94.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Thursday, October 5th will be paid a $0.0125 dividend. This represents a $0.05 dividend on an annualized basis and a yield of 0.37%. Invacare Corporation’s payout ratio is -2.59%.
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A number of hedge funds have recently made changes to their positions in IVC. Municipal Employees Retirement System of Michigan raised its stake in shares of Invacare Corporation by 4.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,580 shares of the health services provider’s stock valued at $100,000 after buying an additional 310 shares in the last quarter. 1st Global Advisors Inc. acquired a new position in Invacare Corporation during the second quarter worth approximately $138,000. Louisiana State Employees Retirement System raised its position in Invacare Corporation by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the health services provider’s stock worth $154,000 after buying an additional 100 shares in the last quarter. Leucadia National Corp acquired a new position in Invacare Corporation during the second quarter worth approximately $161,000. Finally, BNP Paribas Arbitrage SA raised its position in Invacare Corporation by 39.8% in the second quarter. BNP Paribas Arbitrage SA now owns 14,646 shares of the health services provider’s stock worth $193,000 after buying an additional 4,166 shares in the last quarter.
About Invacare Corporation
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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