National Bank Financial Comments on Savaria FY2024 Earnings

Savaria Co. (TSE:SIS) – Investment analysts at National Bank Financial lowered their FY2024 earnings per share estimates for shares of Savaria in a note issued to investors on Wednesday, November 6th. National Bank Financial analyst Z. Evershed now forecasts that the company will earn $0.86 per share for the year, down from their previous forecast of $0.89. The consensus estimate for Savaria’s current full-year earnings is $1.20 per share. National Bank Financial also issued estimates for Savaria’s Q4 2024 earnings at $0.22 EPS and FY2026 earnings at $1.21 EPS.

Savaria (TSE:SIS) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.22 EPS for the quarter, beating the consensus estimate of C$0.20 by C$0.02. Savaria had a return on equity of 8.95% and a net margin of 5.25%. The company had revenue of C$221.34 million for the quarter, compared to the consensus estimate of C$213.08 million.

Several other equities analysts have also commented on SIS. Stifel Nicolaus raised their price target on Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Raymond James raised their price target on Savaria from C$25.00 to C$27.50 and gave the company an “outperform” rating in a research note on Friday, September 13th. Desjardins raised their price target on Savaria from C$25.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. TD Securities lifted their target price on Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, National Bankshares lifted their target price on Savaria from C$22.00 to C$27.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$25.50.

Savaria Stock Performance

Shares of Savaria stock opened at C$22.28 on Friday. The firm has a market cap of C$1.58 billion, a P/E ratio of 34.28, a P/E/G ratio of 42.72 and a beta of 0.90. The company has a current ratio of 1.94, a quick ratio of 0.91 and a debt-to-equity ratio of 56.50. Savaria has a 12 month low of C$13.64 and a 12 month high of C$23.92. The stock’s fifty day moving average price is C$21.80 and its 200-day moving average price is C$19.40.

Savaria Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a $0.045 dividend. This represents a $0.54 annualized dividend and a yield of 2.42%. The ex-dividend date is Thursday, October 31st. Savaria’s dividend payout ratio is presently 83.08%.

Insiders Place Their Bets

In other Savaria news, Director Jean-Louis Chapdelaine sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total value of C$521,000.00. In other Savaria news, Director Jean-Louis Chapdelaine sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total value of C$521,000.00. Also, Director Sylvain Dumoulin sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of C$22.00, for a total value of C$110,000.00. Over the last 90 days, insiders sold 50,002 shares of company stock valued at $1,046,042. 17.45% of the stock is currently owned by corporate insiders.

About Savaria

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.