Q2 2019 EPS Estimates for Invacare Co. Boosted by Analyst (IVC)

Invacare Co. (NYSE:IVC) – Equities research analysts at KeyCorp boosted their Q2 2019 earnings estimates for Invacare in a note issued to investors on Wednesday, May 8th. KeyCorp analyst M. Mishan now anticipates that the health services provider will post earnings of ($0.28) per share for the quarter, up from their prior forecast of ($0.29). KeyCorp also issued estimates for Invacare’s Q3 2019 earnings at ($0.22) EPS and Q4 2019 earnings at ($0.17) EPS.

Invacare (NYSE:IVC) last announced its earnings results on Monday, May 6th. The health services provider reported ($0.32) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.01. Invacare had a negative net margin of 4.56% and a negative return on equity of 11.69%. The business had revenue of $223.40 million during the quarter, compared to the consensus estimate of $229.93 million. During the same quarter last year, the firm earned ($0.35) earnings per share. The business’s revenue for the quarter was down 5.8% on a year-over-year basis.



A number of other equities research analysts have also recently commented on the stock. ValuEngine cut shares of Invacare from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Zacks Investment Research cut shares of Invacare from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of Invacare in a report on Tuesday, April 9th.

NYSE:IVC opened at $6.45 on Monday. Invacare has a 52 week low of $3.05 and a 52 week high of $20.00. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.36 and a current ratio of 1.97. The company has a market cap of $229.11 million, a PE ratio of -4.89 and a beta of 2.25.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were issued a dividend of $0.0125 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Wednesday, April 3rd. Invacare’s payout ratio is -3.79%.

Several large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its holdings in shares of Invacare by 45.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 5,778 shares of the health services provider’s stock valued at $25,000 after buying an additional 1,814 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Invacare by 8.0% during the first quarter. Crossmark Global Holdings Inc. now owns 25,006 shares of the health services provider’s stock valued at $209,000 after buying an additional 1,850 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Invacare by 27.8% during the fourth quarter. SG Americas Securities LLC now owns 10,007 shares of the health services provider’s stock valued at $43,000 after buying an additional 2,179 shares during the last quarter. Magnus Financial Group LLC boosted its holdings in Invacare by 16.9% in the first quarter. Magnus Financial Group LLC now owns 17,499 shares of the health services provider’s stock worth $146,000 after purchasing an additional 2,532 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Invacare by 0.9% in the fourth quarter. Principal Financial Group Inc. now owns 296,793 shares of the health services provider’s stock worth $1,276,000 after purchasing an additional 2,737 shares during the last quarter.

About Invacare

Invacare Corporation, together with its subsidiaries, designs, manufactures, distributes, and exports medical equipment for use in home health care, retail, and extended care markets worldwide. The company operates through Europe, North America/Home Medical Equipment, Institutional Products Group, and the Asia/Pacific segments.

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