Media headlines about Invacare Corporation (NYSE:IVC) have been trending positive on Tuesday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Invacare Corporation earned a news impact score of 0.48 on Accern’s scale. Accern also assigned news stories about the health services provider an impact score of 82 out of 100, meaning that recent press coverage is very likely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Investor Network: Invacare Corporation to Host Earnings Call (finance.yahoo.com)
- EARNINGS SUMMARY: Details of Invacare Corp Q2 Earnings Report (rttnews.com)
- Invacare Reports Results for Second Quarter 2017 (finance.yahoo.com)
- Invacare Corp. – Value Analysis (NYSE:IVC) : August 7, 2017 (finance.yahoo.com)
- Invacare reports 2Q loss (finance.yahoo.com)
Invacare Corporation (IVC) traded down 4.76% during mid-day trading on Tuesday, reaching $14.00. 1,562,424 shares of the company’s stock traded hands. Invacare Corporation has a 12-month low of $8.00 and a 12-month high of $16.65. The company’s market cap is $458.96 million. The stock has a 50 day moving average of $13.62 and a 200 day moving average of $12.81.
Invacare Corporation (NYSE:IVC) last released its quarterly 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 business had revenue of $233.50 million for the quarter, compared to analysts’ expectations of $243.03 million. Invacare Corporation had a negative net margin of 4.99% and a negative return on equity of 10.12%. Invacare Corporation’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.33) EPS. On average, equities research analysts predict that Invacare Corporation will post ($1.39) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, July 3rd were paid a dividend of $0.0125 per share. This represents a $0.05 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend was Thursday, June 29th. Invacare Corporation’s payout ratio is -3.18%.
Several research analysts recently commented on the stock. Sidoti reaffirmed a “neutral” rating and issued a $12.00 price objective (down from $14.00) on shares of Invacare Corporation in a report on Monday, June 12th. Zacks Investment Research raised shares of Invacare Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. Stephens raised shares of Invacare Corporation from an “equal weight” rating to an “overweight” rating in a report on Friday, April 28th. BidaskClub downgraded shares of Invacare Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, ValuEngine raised shares of Invacare Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.50.
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In related 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 transaction of $40,918.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.20% of the stock is owned by corporate insiders.
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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