Cormark Comments on Savaria's FY2024 Earnings (TSE:SIS)

Savaria Co. (TSE:SIS - Free Report) - Research analysts at Cormark decreased their FY2024 earnings estimates for shares of Savaria in a research report issued on Monday, November 11th. Cormark analyst K. Mcphee now anticipates that the company will earn $0.91 per share for the year, down from their previous forecast of $0.92. Cormark has a "Market Perform" rating on the stock. The consensus estimate for Savaria's current full-year earnings is $1.20 per share. Cormark also issued estimates for Savaria's FY2025 earnings at $1.15 EPS and FY2026 earnings at $1.34 EPS.

Several other analysts have also issued reports on SIS. Desjardins increased their price target on shares of Savaria from C$25.00 to C$26.00 and gave the stock a "buy" rating in a research report on Monday, September 23rd. Scotiabank set a C$25.00 price objective on Savaria and gave the company an "outperform" rating in a report on Thursday, September 26th. National Bankshares raised their target price on Savaria from C$22.00 to C$27.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. TD Securities upped their price target on Savaria from C$23.00 to C$24.00 and gave the company a "buy" rating in a research report on Thursday, August 8th. Finally, Raymond James raised their price objective on Savaria from C$25.00 to C$27.50 and gave the stock an "outperform" rating in a research report on Friday, September 13th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$25.50.

Savaria Stock Performance

Savaria stock traded up C$0.59 during trading hours on Thursday, hitting C$22.46. The company had a trading volume of 49,045 shares, compared to its average volume of 78,325. The firm has a market cap of C$1.60 billion, a PE ratio of 33.65, a PEG ratio of 42.72 and a beta of 0.90. Savaria has a one year low of C$14.10 and a one year high of C$23.92. The company has a debt-to-equity ratio of 56.50, a current ratio of 1.94 and a quick ratio of 0.91. The firm has a 50-day moving average of C$21.98 and a 200 day moving average of C$19.56.

Savaria Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a dividend of $0.045 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.54 dividend on an annualized basis and a yield of 2.40%. Savaria's dividend payout ratio (DPR) is presently 83.08%.

Insiders Place Their Bets

In related news, Director Sylvain Dumoulin sold 5,000 shares of Savaria 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 other news, Senior Officer Sylvain Aubry sold 20,002 shares of the business's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$20.75, for a total value of C$415,041.50. Also, Director Sylvain Dumoulin sold 5,000 shares of the firm'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 transaction of C$110,000.00. Over the last 90 days, insiders have sold 50,002 shares of company stock valued at $1,046,042. Company insiders own 17.45% of the company's stock.

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.