Invacare Corporation Announces Quarterly Dividend of $0.01 (IVC)
Invacare Corporation (NYSE:IVC) announced a quarterly dividend on Thursday, November 16th, RTT News reports. Stockholders of record on Thursday, January 4th will be paid a dividend of 0.0125 per share by the health services provider on Tuesday, January 16th. This represents a $0.05 annualized dividend and a dividend yield of 0.29%.
Invacare Corporation has a dividend payout ratio of -2.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Invacare Corporation to earn ($1.00) per share next year, which means the company may not be able to cover its $0.05 annual dividend with an expected future payout ratio of -5.0%.
Shares of Invacare Corporation (IVC) traded down $0.10 during trading on Thursday, hitting $17.40. The stock had a trading volume of 445,600 shares, compared to its average volume of 500,389. Invacare Corporation has a 12-month low of $9.90 and a 12-month high of $17.95. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.28 and a quick ratio of 1.57.
Invacare Corporation (NYSE:IVC) last issued its quarterly earnings data on Tuesday, November 7th. The health services provider reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.02. The firm had revenue of $250.91 million during the quarter, compared to the consensus estimate of $239.88 million. Invacare Corporation had a negative return on equity of 13.33% and a negative net margin of 7.95%. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.37) earnings per share. equities research analysts predict that Invacare Corporation will post -1.93 earnings per share for the current fiscal year.
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Several equities analysts have recently issued reports on the company. KeyCorp reaffirmed an “overweight” rating and issued a $17.00 target price on shares of Invacare Corporation in a report on Tuesday, September 26th. ValuEngine raised Invacare Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Zacks Investment Research lowered Invacare Corporation from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, BidaskClub lowered Invacare Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Invacare Corporation presently has an average rating of “Hold” and an average price target of $15.00.
In other news, SVP Dean J. Childers sold 6,249 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $15.15, for a total value of $94,672.35. Following the completion of the transaction, the senior vice president now directly owns 44,875 shares of the company’s stock, valued at $679,856.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company’s stock.
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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