Q3 Earnings Estimate for Savaria Issued By Desjardins

Savaria Co. (TSE:SIS) – Desjardins reduced their Q3 2024 EPS estimates for shares of Savaria in a research note issued on Monday, October 21st. Desjardins analyst F. Tremblay now expects that the company will earn $0.18 per share for the quarter, down from their prior estimate of $0.19. Desjardins has a “Buy” rating and a $26.00 price objective on the stock. The consensus estimate for Savaria’s current full-year earnings is $1.20 per share. Desjardins also issued estimates for Savaria’s FY2025 earnings at $1.11 EPS.

Several other equities research analysts also recently commented on SIS. Scotiabank set a C$25.00 target price on Savaria and gave the company an “outperform” rating in a report on Thursday, September 26th. National Bankshares boosted their price target on shares of Savaria from C$21.00 to C$22.00 in a report on Thursday, August 8th. TD Securities lifted their price objective on shares of Savaria from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Raymond James lifted their price target on Savaria from C$25.00 to C$27.50 and gave the company an “outperform” rating in a report on Friday, September 13th. Finally, Stifel Nicolaus lifted their target price 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. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$24.79.

Savaria Price Performance

Shares of TSE:SIS opened at C$22.45 on Thursday. The company has a debt-to-equity ratio of 56.50, a quick ratio of 0.91 and a current ratio of 1.94. The company has a market capitalization of C$1.60 billion, a PE ratio of 34.54, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The stock has a fifty day moving average of C$21.21 and a 200-day moving average of C$19.00. Savaria has a one year low of C$12.21 and a one year high of C$23.92.

Savaria (TSE:SIS) last released its earnings results 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. The business had revenue of C$221.34 million during the quarter, compared to analyst estimates of C$213.08 million. Savaria had a net margin of 5.25% and a return on equity of 8.95%.

Savaria Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th were paid a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.41%. This is a boost from Savaria’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Monday, September 30th. Savaria’s payout ratio is presently 83.08%.

Insider Activity at Savaria

In related news, Director Sylvain Dumoulin sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of C$22.00, for a total transaction of C$110,000.00. In other Savaria news, Director Jean-Louis Chapdelaine sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of C$22.00, for a total value of C$110,000.00. In the last three months, insiders have sold 50,002 shares of company stock worth $1,046,042. 17.45% of the stock is owned by insiders.

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.