Desjardins Research Analysts Increase Earnings Estimates for Savaria Co. (TSE:SIS)

Savaria Co. (TSE:SIS - Free Report) - Equities researchers at Desjardins lifted their Q3 2024 EPS estimates for Savaria in a research note issued to investors on Wednesday, April 10th. Desjardins analyst F. Tremblay now anticipates that the company will post earnings of $0.20 per share for the quarter, up from their prior forecast of $0.19. Desjardins has a "Buy" rating and a $23.50 price objective on the stock. The consensus estimate for Savaria's current full-year earnings is $0.79 per share.

A number of other brokerages have also recently issued reports on SIS. Cormark lifted their price objective on Savaria from C$18.00 to C$21.00 in a report on Friday, March 8th. Scotiabank lifted their price objective on Savaria from C$17.00 to C$21.50 and gave the stock an "outperform" rating in a research report on Friday, March 8th. National Bankshares lifted their price objective on Savaria from C$19.50 to C$20.50 and gave the stock an "outperform" rating in a research report on Thursday, March 7th. Raymond James lifted their price objective on Savaria from C$18.00 to C$19.00 and gave the stock an "outperform" rating in a research report on Friday, March 8th. Finally, Stifel Nicolaus lowered their price objective on Savaria from C$25.00 to C$23.00 and set a "buy" rating for the company in a research report on Friday, March 8th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of C$21.36.

Savaria Price Performance

Shares of TSE SIS traded down C$0.01 during midday trading on Thursday, reaching C$16.72. 49,308 shares of the company traded hands, compared to its average volume of 57,667. The firm has a market cap of C$1.19 billion, a PE ratio of 29.33, a PEG ratio of 42.72 and a beta of 0.85. The stock's 50-day simple moving average is C$16.59 and its 200-day simple moving average is C$15.18. Savaria has a 12 month low of C$12.21 and a 12 month high of C$17.70. The company has a debt-to-equity ratio of 58.17, a quick ratio of 0.91 and a current ratio of 1.98.

Savaria (TSE:SIS - Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.18 by C$0.01. The company had revenue of C$216.84 million during the quarter, compared to analysts' expectations of C$214.78 million. Savaria had a return on equity of 7.55% and a net margin of 4.52%.

Insider Transactions at Savaria

In related news, Senior Officer Jean-Philippe De Montigny bought 17,980 shares of the firm's stock in a transaction dated Thursday, January 18th. The stock was bought at an average cost of C$14.94 per share, for a total transaction of C$268,621.20. Corporate insiders own 19.86% of the company's stock.

Savaria Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 28th were given a dividend of $0.043 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.52 annualized dividend and a dividend yield of 3.09%. Savaria's payout ratio is currently 91.23%.

About Savaria

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in two segments, Accessibility and Patient Care. The Accessibility segment designs, manufactures, distributes, and installs a portfolio of accessibility products, including commercial and home elevators, stairlifts, platform lifts, and wheelchair lowered-floor accessible conversions for selected brands of minivans, personal, residential, or commercial applications.