Savaria Co. (SIS) to Issue Monthly Dividend of $0.05 on November 12th

Savaria Co. (TSE:SIS) declared a monthly dividend on Wednesday, October 23rd, Zacks reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.045 per share on Tuesday, November 12th. This represents a $0.54 annualized dividend and a yield of ∞. The ex-dividend date is Thursday, October 31st.

Savaria Stock Performance

The stock has a 50 day moving average price of C$21.21 and a 200 day moving average price of C$19.00. The company has a debt-to-equity ratio of 56.50, a current ratio of 1.94 and a quick ratio of 0.91. Savaria has a 12 month low of C$12.21 and a 12 month high of C$23.92. The stock has a market cap of C$1.61 billion, a PE ratio of 34.91, a P/E/G ratio of 42.72 and a beta of 0.90.

Savaria (TSE:SIS) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.20 by C$0.02. The company had revenue of C$221.34 million during the quarter, compared to analysts’ expectations of C$213.08 million. Savaria had a net margin of 5.25% and a return on equity of 8.95%. Research analysts forecast that Savaria will post 1.2048518 earnings per share for the current fiscal year.

Insider Buying and Selling at Savaria

In other news, Director Sylvain Dumoulin sold 5,000 shares of the business’s 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 value of C$110,000.00. In other news, Director Sylvain Dumoulin sold 5,000 shares of Savaria stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of C$22.00, for a total value of C$110,000.00. Also, Senior Officer Sylvain Aubry sold 20,002 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$20.75, for a total transaction of C$415,041.50. Insiders have sold 50,002 shares of company stock worth $1,046,042 over the last quarter. 17.45% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. TD Securities boosted their target price on Savaria from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Raymond James raised their target price on Savaria from C$25.00 to C$27.50 and gave the company an “outperform” rating in a report on Friday, September 13th. Desjardins lifted their price objective on shares of Savaria from C$25.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. National Bankshares raised their price target on shares of Savaria from C$22.00 to C$27.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Stifel Nicolaus upped their price objective on shares of Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$25.50.

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.