Q1 2019 EPS Estimates for Savaria Co. Reduced by National Bank Financial (SIS)

Savaria Co. (TSE:SIS) – Equities researchers at National Bank Financial cut their Q1 2019 earnings estimates for Savaria in a research note issued to investors on Monday, April 15th. National Bank Financial analyst Z. Evershed now expects that the company will post earnings of $0.07 per share for the quarter, down from their prior estimate of $0.10. National Bank Financial has a “Outperform” rating and a $17.50 price target on the stock. National Bank Financial also issued estimates for Savaria’s Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.13 EPS, FY2019 earnings at $0.49 EPS and FY2020 earnings at $0.60 EPS.

Savaria (TSE:SIS) last posted its quarterly earnings data on Wednesday, March 27th. The company reported C$0.11 earnings per share for the quarter, missing the consensus estimate of C$0.14 by C($0.03). The business had revenue of C$93.12 million for the quarter, compared to analysts’ expectations of C$91.20 million.

Several other equities research analysts have also recently weighed in on the stock. Desjardins raised their price objective on shares of Savaria from C$16.00 to C$17.50 and gave the company a “buy” rating in a research report on Friday, March 29th. Laurentian lowered their price objective on shares of Savaria from C$20.00 to C$16.50 in a research report on Thursday, February 21st.

SIS opened at C$13.11 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.99 and a debt-to-equity ratio of 51.40. The stock has a market capitalization of $606.67 million and a price-to-earnings ratio of 32.78. Savaria has a 1-year low of C$11.41 and a 1-year high of C$20.95.

In other news, Director Sylvain Dumoulin sold 5,000 shares of Savaria stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of C$15.25, for a total transaction of C$76,250.00. Following the completion of the sale, the director now owns 65,000 shares in the company, valued at approximately C$991,250. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of Savaria stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$13.27, for a total transaction of C$331,747.50. Following the transaction, the director now directly owns 125,000 shares in the company, valued at approximately C$1,658,737.50. In the last quarter, insiders have sold 44,441 shares of company stock valued at $620,920.

Savaria Company Profile

Savaria Corporation designs, engineers, and manufactures products for personal mobility in Canada, the United States, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and the Span. The Accessibility segment manufactures and distributes residential and commercial accessibility equipment for people with mobility challenges; and operates network of franchisees and corporate stores.

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Earnings History and Estimates for Savaria (TSE:SIS)

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