Invacare Corp. (IVC) to Issue Quarterly Dividend of $0.01 on October 21st
Invacare Corp. (NYSE:IVC) declared a quarterly dividend on Friday, August 26th. Stockholders of record on Thursday, October 13th will be paid a dividend of 0.0125 per share on Friday, October 21st. This represents a $0.05 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Tuesday, October 11th.
Invacare Corp. (NYSE:IVC) opened at 11.71 on Thursday. The firm’s market cap is $380.21 million. Invacare Corp. has a one year low of $9.89 and a one year high of $20.41. The stock has a 50 day moving average of $11.58 and a 200 day moving average of $11.95.
Invacare Corp. (NYSE:IVC) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by $0.09. The company had revenue of $275 million for the quarter, compared to analysts’ expectations of $270.10 million. Invacare Corp. had a negative return on equity of 5.16% and a negative net margin of 2.81%. The company’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.23) earnings per share. On average, equities analysts forecast that Invacare Corp. will post ($0.95) earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of IVC. Coe Capital Management LLC acquired a new position in Invacare Corp. during the second quarter valued at approximately $232,000. Profund Advisors LLC acquired a new position in Invacare Corp. during the second quarter valued at approximately $125,000. Netols Asset Management Inc. raised its position in Invacare Corp. by 4.0% in the second quarter. Netols Asset Management Inc. now owns 505,098 shares of the company’s stock valued at $6,127,000 after buying an additional 19,408 shares during the last quarter. Teachers Advisors Inc. raised its position in Invacare Corp. by 5.6% in the second quarter. Teachers Advisors Inc. now owns 49,611 shares of the company’s stock valued at $602,000 after buying an additional 2,623 shares during the last quarter. Finally, Ancora Advisors LLC raised its position in Invacare Corp. by 13.1% in the second quarter. Ancora Advisors LLC now owns 103,800 shares of the company’s stock valued at $1,259,000 after buying an additional 12,000 shares during the last quarter. Hedge funds and other institutional investors own 90.80% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Invacare Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, September 28th.
About Invacare Corp.
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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