Savaria (TSE:SIS) Issues Earnings Results

Savaria (TSE:SIS) released its earnings results on Wednesday. The company reported C$0.31 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$235.55 million for the quarter. Savaria had a net margin of 7.53% and a return on equity of 11.10%.

Savaria Stock Performance

Savaria stock traded up C$0.06 during trading on Wednesday, hitting C$29.61. The stock had a trading volume of 155,335 shares, compared to its average volume of 181,621. The stock’s 50 day moving average is C$27.22 and its two-hundred day moving average is C$24.51. The company has a quick ratio of 0.91, a current ratio of 1.61 and a debt-to-equity ratio of 32.13. Savaria has a 1 year low of C$17.78 and a 1 year high of C$30.62. The stock has a market cap of C$2.13 billion, a price-to-earnings ratio of 30.84, a price-to-earnings-growth ratio of 42.72 and a beta of 0.97.

Insider Transactions at Savaria

In other Savaria news, insider Jean-Philippe De Montigny bought 2,420 shares of the stock in a transaction on Friday, March 20th. The shares were acquired at an average price of C$25.50 per share, with a total value of C$61,710.00. Following the acquisition, the insider directly owned 92,260 shares of the company’s stock, valued at C$2,352,630. The trade was a 2.69% increase in their position. 17.45% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Raymond James Financial upped their price objective on Savaria from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. TD Securities upped their price objective on Savaria from C$27.00 to C$31.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. National Bank Financial upped their price objective on Savaria from C$30.50 to C$37.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. ATB Cormark Capital Markets upped their price objective on Savaria from C$32.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Finally, Scotia upped their price objective on Savaria from C$30.00 to C$33.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 16th. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$33.33.

Savaria Company Profile

Savaria Corporation ( savaria.com ) is a global leader in the accessibility industry. It provides accessibility solutions for the physically challenged to increase their comfort, their mobility and their independence. Its product line is one of the most comprehensive on the market. Savaria designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts and elevators for home and commercial use. It also manufactures and markets a comprehensive selection of pressure management products for the medical market, medical beds for the long-term care market, as well as an extensive line of medical equipment and solutions for the safe handling of patients, including ceiling lifts and slings.