Savaria Co. Declares Monthly Dividend of $0.05 (TSE:SIS)

Savaria Co. (TSE:SIS - Get Free Report) announced 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 2.38%. The ex-dividend date of this dividend is Thursday, October 31st.

Savaria Price Performance

SIS traded up C$0.24 on Thursday, hitting C$22.69. 60,618 shares of the company's stock traded hands, compared to its average volume of 76,386. The firm has a market cap of C$1.61 billion, a price-to-earnings ratio of 34.78, a P/E/G ratio of 42.72 and a beta of 0.90. The company's 50 day simple moving average is C$21.21 and its 200-day simple moving average is C$19.00. The company has a current ratio of 1.94, a quick ratio of 0.91 and a debt-to-equity ratio of 56.50. Savaria has a one year low of C$12.21 and a one year high of C$23.92.

Savaria (TSE:SIS - Get Free Report) last released 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. The business had revenue of C$221.34 million during the quarter, compared to analysts' expectations of C$213.08 million. Savaria had a return on equity of 8.95% and a net margin of 5.25%. As a group, research analysts anticipate that Savaria will post 1.2048518 EPS for the current year.

Insider Buying and Selling

In related news, Director Sylvain Dumoulin sold 5,000 shares of the firm's 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. In other news, Senior Officer Sylvain Aubry sold 20,002 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The stock was 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 shares were sold at an average price of C$22.00, for a total value 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.

Analyst Ratings Changes

A number of research firms recently issued reports on SIS. Stifel Nicolaus boosted their price objective on Savaria from C$24.00 to C$25.00 and gave the company a "buy" rating in a report on Tuesday, August 20th. Desjardins upped their price objective on Savaria from C$25.00 to C$26.00 and gave the company a "buy" rating in a research report on Monday, September 23rd. Raymond James upped their price objective on Savaria from C$25.00 to C$27.50 and gave the company an "outperform" rating in a research report on Friday, September 13th. Scotiabank set a C$25.00 price objective on Savaria and gave the company an "outperform" rating in a research report on Thursday, September 26th. Finally, 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 research report on Thursday, August 8th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Savaria presently has a consensus 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.