Analysts Set Expectations for Savaria FY2024 Earnings

Savaria Co. (TSE:SIS - Free Report) - Analysts at National Bank Financial cut their FY2024 earnings per share (EPS) estimates for Savaria in a note issued to investors on Wednesday, November 6th. National Bank Financial analyst Z. Evershed now expects that the company will post earnings per share of $0.86 for the year, down from their prior 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.

Several other equities research analysts have also recently weighed in on the stock. National Bankshares upped their price target on shares of Savaria from C$22.00 to C$27.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Raymond James boosted their price target 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. TD Securities raised their price objective 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. Desjardins boosted their target price on shares of Savaria from C$25.00 to C$26.00 and gave the stock a "buy" rating in a report on Monday, September 23rd. Finally, Scotiabank set a C$25.00 price target on shares of Savaria and gave the company an "outperform" rating in a report on Thursday, September 26th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of C$25.50.

Savaria Trading Up 2.7 %

SIS traded up C$0.61 during trading on Friday, hitting C$22.89. 124,761 shares of the stock were exchanged, compared to its average volume of 77,621. Savaria has a 1 year low of C$13.64 and a 1 year high of C$23.92. The firm has a 50 day simple moving average of C$21.80 and a 200 day simple moving average of C$19.40. The firm has a market cap of C$1.63 billion, a price-to-earnings ratio of 34.28, a P/E/G ratio of 42.72 and a beta of 0.90. The company has a debt-to-equity ratio of 56.50, a quick ratio of 0.91 and a current ratio of 1.94.

Savaria (TSE:SIS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.22 earnings per share for the quarter, beating the consensus estimate of C$0.20 by C$0.02. Savaria had a net margin of 5.25% and a return on equity of 8.95%. The firm had revenue of C$221.34 million during the quarter, compared to the consensus estimate of C$213.08 million.

Savaria Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a $0.045 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.36%. Savaria's payout ratio is 83.08%.

Insider Buying and Selling

In other Savaria 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 Savaria news, Senior Officer Sylvain Aubry sold 20,002 shares of Savaria stock in a transaction 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 stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of C$22.00, for a total transaction of C$110,000.00. Insiders have sold a total of 50,002 shares of company stock valued at $1,046,042 over the last ninety days. Company insiders own 17.45% of the company's stock.

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.