Savaria Co. (TSE:SIS) to Post Q2 2024 Earnings of $0.19 Per Share, National Bank Financial Forecasts

Savaria Co. (TSE:SIS - Free Report) - Investment analysts at National Bank Financial raised their Q2 2024 earnings per share (EPS) estimates for shares of Savaria in a research report issued to clients and investors on Wednesday, May 8th. National Bank Financial analyst Z. Evershed now anticipates that the company will post earnings per share of $0.19 for the quarter, up from their previous estimate of $0.18. The consensus estimate for Savaria's current full-year earnings is $0.80 per share. National Bank Financial also issued estimates for Savaria's Q4 2024 earnings at $0.21 EPS.

A number of other equities research analysts have also weighed in on SIS. 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 note on Friday, March 8th. TD Securities lifted their target price on Savaria from C$21.00 to C$23.00 and gave the stock a "buy" rating in a research report on Friday, April 12th. Scotiabank lifted their target price on Savaria from C$21.50 to C$22.00 in a research report on Friday. Raymond James lifted their target price on Savaria from C$19.00 to C$22.00 in a research report on Friday. Finally, National Bankshares lifted their target price on Savaria from C$20.50 to C$21.00 in a research report on Thursday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Savaria presently has a consensus rating of "Buy" and an average price target of C$22.64.

Savaria Stock Down 3.3 %

TSE SIS traded down C$0.59 during mid-day trading on Friday, reaching C$17.28. 137,104 shares of the company's stock traded hands, compared to its average volume of 64,187. Savaria has a 1-year low of C$12.21 and a 1-year high of C$17.92. The company has a fifty day simple moving average of C$16.73 and a 200-day simple moving average of C$15.65. The company has a current ratio of 1.98, a quick ratio of 0.91 and a debt-to-equity ratio of 58.17. The company has a market cap of C$1.23 billion, a price-to-earnings ratio of 30.32, a P/E/G ratio of 42.72 and a beta of 0.88.

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 for the quarter, beating analysts' consensus estimates of C$0.18 by C$0.01. Savaria had a return on equity of 7.55% and a net margin of 4.52%. The firm had revenue of C$216.84 million during the quarter, compared to analyst estimates of C$214.78 million.

Savaria Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 10th. Stockholders of record on Tuesday, April 30th will be paid a $0.043 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Monday, April 29th. Savaria's dividend payout ratio is presently 91.23%.

Savaria Company Profile

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.