Invacare (NYSE:IVC) announced its quarterly earnings data on Wednesday. The health services provider reported ($0.42) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.44) by $0.02, Briefing.com reports. Invacare had a negative return on equity of 13.33% and a negative net margin of 7.95%. The firm had revenue of $250.35 million for the quarter, compared to analysts’ expectations of $241.07 million. During the same quarter in the prior year, the firm posted ($0.46) earnings per share. Invacare’s revenue for the quarter was up 1.5% compared to the same quarter last year.
Shares of Invacare (NYSE IVC) traded up $1.80 during trading on Thursday, hitting $18.95. The stock had a trading volume of 1,118,402 shares, compared to its average volume of 407,068. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.28 and a quick ratio of 1.57. The firm has a market cap of $683.81, a PE ratio of -8.01 and a beta of 2.55. Invacare has a fifty-two week low of $9.90 and a fifty-two week high of $19.05.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th were paid a dividend of $0.0125 per share. This represents a $0.05 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Wednesday, January 3rd. Invacare’s payout ratio is currently -2.13%.
Invacare 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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