FY2024 Earnings Estimate for Savaria Issued By Desjardins

Savaria Co. (TSE:SIS - Free Report) - Analysts at Desjardins dropped their FY2024 earnings per share estimates for shares of Savaria in a research note issued to investors on Monday, October 21st. Desjardins analyst F. Tremblay now anticipates that the company will post earnings of $0.69 per share for the year, down from their previous estimate of $0.70. Desjardins currently has a "Buy" rating and a $26.00 target price 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 Q4 2024 earnings at $0.19 EPS.

Several other brokerages also recently issued reports on SIS. National Bankshares raised their price objective on shares of Savaria from C$21.00 to C$22.00 in a research report on Thursday, August 8th. Stifel Nicolaus lifted their price target on Savaria from C$24.00 to C$25.00 and gave the stock a "buy" rating in a report on Tuesday, August 20th. TD Securities upped their price objective on Savaria from C$23.00 to C$24.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Raymond James lifted their target price on Savaria from C$25.00 to C$27.50 and gave the stock an "outperform" rating in a report on Friday, September 13th. Finally, Scotiabank set a C$25.00 price target on shares of Savaria and gave the company an "outperform" rating in a research note on Thursday, September 26th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Savaria has an average rating of "Buy" and an average price target of C$24.79.

Savaria Stock Performance

Shares of SIS stock traded down C$0.28 during midday trading on Wednesday, hitting C$22.45. 105,362 shares of the company were exchanged, compared to its average volume of 76,463. Savaria has a 52 week low of C$12.21 and a 52 week high of C$23.92. The firm has a market capitalization of C$1.60 billion, a P/E ratio of 34.54, a PEG ratio of 42.72 and a beta of 0.90. The firm's 50 day moving average price is C$21.21 and its two-hundred day moving average price is C$19.00. 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 released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.22 EPS for the quarter, topping analysts' consensus estimates of C$0.20 by C$0.02. The firm 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%.

Insider Activity at Savaria

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

Savaria Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were given a $0.045 dividend. The ex-dividend date of this dividend was Monday, September 30th. 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. Savaria's dividend payout ratio (DPR) is presently 83.08%.

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.