Scotiabank Has Bearish Estimate for Savaria FY2027 Earnings

Savaria Co. (TSE:SIS) – Stock analysts at Scotiabank decreased their FY2027 earnings per share (EPS) estimates for shares of Savaria in a note issued to investors on Thursday, October 22nd. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $1.50 per share for the year, down from their prior forecast of $1.51. The consensus estimate for Savaria’s current full-year earnings is $1.20 per share.

A number of other brokerages also recently commented on SIS. TD upped their target price on shares of Savaria from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. TD Securities raised Savaria to a “strong-buy” rating in a research note on Friday, July 24th. ATB Cormark Capital Markets increased their price target on Savaria from C$35.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Ventum Financial set a C$34.50 price objective on Savaria and gave the company a “buy” rating in a report on Thursday, September 10th. Finally, Desjardins upped their price objective on shares of Savaria from C$36.00 to C$39.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$34.35.

Savaria Stock Performance

TSE:SIS opened at C$30.15 on Friday. Savaria has a fifty-two week low of C$20.72 and a fifty-two week high of C$31.95. The firm has a market capitalization of C$2.17 billion, a PE ratio of 24.92, a PEG ratio of 42.72 and a beta of 0.80. The company has a debt-to-equity ratio of 29.43, a quick ratio of 0.91 and a current ratio of 1.72. The stock’s fifty day moving average is C$28.88 and its 200 day moving average is C$29.22.

Savaria (TSE:SIS) last released its earnings results on Wednesday, August 5th. The company reported C$0.35 earnings per share (EPS) for the quarter. The firm had revenue of C$245.78 million during the quarter. Savaria had a return on equity of 13.41% and a net margin of 9.27%.

Insider Buying and Selling at Savaria

In other Savaria news, insider Jean-Philippe De Montigny sold 10,000 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of C$29.21, for a total transaction of C$292,100.00. Following the completion of the transaction, the insider owned 82,560 shares of the company’s stock, valued at C$2,411,577.60. This represents a 10.80% decrease in their ownership of the stock. Also, Director Les Teague sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of C$29.52, for a total value of C$147,600.00. Over the last three months, insiders have sold 74,511 shares of company stock valued at $2,239,313. 17.45% of the stock is owned by insiders.

About Savaria

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.