Savaria (TSE:SIS) Releases Quarterly Earnings Results

Savaria (TSE:SIS) posted its quarterly earnings results on Wednesday. The company reported C$0.32 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$245.03 million for the quarter. Savaria had a net margin of 9.27% and a return on equity of 13.41%.

Savaria Trading Down 2.9%

Shares of Savaria stock opened at C$30.11 on Friday. Savaria has a 12-month low of C$20.72 and a 12-month high of C$31.95. The company has a market cap of C$2.17 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 42.72 and a beta of 0.58. The company has a current ratio of 1.72, a quick ratio of 0.91 and a debt-to-equity ratio of 29.43. The company’s 50-day moving average price is C$29.11 and its 200-day moving average price is C$28.24.

Insider Buying and Selling

In related news, Director Les Teague sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of C$29.52, for a total transaction of C$147,600.00. Also, insider Jean-Philippe De Montigny sold 10,000 shares of the company’s 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 sale, the insider directly owned 82,560 shares in the company, valued at C$2,411,577.60. This trade represents a 10.80% decrease in their position. 17.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

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.