Invacare Corporation (NYSE:IVC) Receives News Sentiment Score of 0.18
Media coverage about Invacare Corporation (NYSE:IVC) has been trending somewhat positive on Saturday, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Invacare Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the health services provider an impact score of 46.5068728339048 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s analysis:
- Q3 2017 EPS Estimates for Invacare Corporation Decreased by KeyCorp (IVC) (americanbankingnews.com)
- Edited Transcript of IVC earnings conference call or presentation 8-Aug-17 12:30pm GMT (finance.yahoo.com)
- 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)
A number of research firms have recently commented on IVC. Sidoti restated 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. Stephens upgraded Invacare Corporation from an “equal weight” rating to an “overweight” rating in a report on Friday, April 28th. Zacks Investment Research downgraded Invacare Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 16th. BidaskClub downgraded Invacare Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, ValuEngine upgraded Invacare Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Two equities 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. Invacare Corporation presently has a consensus rating of “Hold” and an average price target of $14.50.
Shares of Invacare Corporation (NYSE:IVC) traded up 1.11% during midday trading on Friday, hitting $13.70. The company had a trading volume of 757,720 shares. Invacare Corporation has a one year low of $8.00 and a one year high of $16.65. The company’s 50 day moving average is $13.85 and its 200 day moving average is $12.87. The firm’s market cap is $450.32 million.
Invacare Corporation (NYSE:IVC) last announced its quarterly earnings results on Monday, August 7th. The health services provider reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by $0.21. Invacare Corporation had a negative return on equity of 12.79% and a negative net margin of 6.42%. The company had revenue of $233.50 million during the quarter, compared to analyst estimates of $243.03 million. During the same period in the prior year, the firm earned ($0.33) EPS. Invacare Corporation’s quarterly revenue was down 15.1% on a year-over-year basis. Equities analysts forecast that Invacare Corporation will post ($1.65) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 3rd were given a $0.0125 dividend. The ex-dividend date was Thursday, June 29th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.36%. Invacare Corporation’s dividend payout ratio is currently -2.59%.
In other Invacare Corporation news, Director Dale C. Laporte sold 2,737 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $14.95, for a total value of $40,918.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is owned by insiders.
About Invacare Corporation
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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