Savaria Co. (TSE:SIS) Forecasted to Earn FY2024 Earnings of $0.87 Per Share

Savaria Co. (TSE:SIS) – Cormark decreased their FY2024 earnings per share estimates for Savaria in a report released on Wednesday, April 10th. Cormark analyst K. Mcphee now anticipates that the company will post earnings per share of $0.87 for the year, down from their prior estimate of $0.89. The consensus estimate for Savaria’s current full-year earnings is $0.79 per share.

A number of other brokerages also recently commented on SIS. Desjardins increased their price target on Savaria from C$22.50 to C$23.50 and gave the company a “buy” rating in a report on Wednesday, April 10th. National Bankshares increased their price target on Savaria from C$19.50 to C$20.50 and gave the company an “outperform” rating in a report on Thursday, March 7th. Scotiabank increased their price target on Savaria from C$17.00 to C$21.50 and gave the company an “outperform” rating in a report on Friday, March 8th. TD Securities increased their price target on Savaria from C$21.00 to C$23.00 and gave the company a “buy” rating in a report on Friday, April 12th. Finally, Raymond James increased their price target on Savaria from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Friday, March 8th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$21.64.

Savaria Trading Down 0.7 %

Shares of SIS opened at C$16.93 on Monday. The company has a market capitalization of C$1.20 billion, a P/E ratio of 29.70, a P/E/G ratio of 42.72 and a beta of 0.85. Savaria has a one year low of C$12.21 and a one year 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. The stock has a 50-day moving average price of C$16.63 and a 200 day moving average price of C$15.24.

Savaria (TSE:SIS) last posted its earnings results 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 business had revenue of C$216.84 million during the quarter, compared to analyst estimates of C$214.78 million. Savaria had a return on equity of 7.55% and a net margin of 4.52%.

Insiders Place Their Bets

In related news, Senior Officer Jean-Philippe De Montigny purchased 17,980 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were acquired at an average cost of C$14.94 per share, for a total transaction of C$268,621.20. 19.86% of the stock is currently owned by company insiders.

Savaria Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.043 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Wednesday, March 27th. 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.