Savaria (SIS) Set to Announce Earnings on Wednesday

Savaria (TSE:SIS - Get Free Report) is set to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.23 per share for the quarter.

Savaria (TSE:SIS - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported C$0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%.

Savaria Price Performance

SIS traded down C$0.03 during midday trading on Wednesday, reaching C$22.37. 45,474 shares of the company's stock were exchanged, compared to its average volume of 76,319. 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 stock has a market capitalization of C$1.59 billion, a PE ratio of 34.42, a P/E/G ratio of 42.72 and a beta of 0.90. The business's 50-day moving average price is C$21.45 and its 200 day moving average price is C$19.17. Savaria has a 1-year low of C$12.21 and a 1-year high of C$23.92.

Savaria Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, October 31st. Savaria's payout ratio is currently 83.08%.

Insider Buying and Selling

In related news, Senior Officer Sylvain Aubry sold 20,002 shares of the company'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 transaction of C$415,041.50. In related news, Director Jean-Louis Chapdelaine sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$20.84, for a total transaction of C$521,000.00. Also, Senior Officer Sylvain Aubry sold 20,002 shares of the company'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 transaction of C$415,041.50. Over the last quarter, insiders sold 50,002 shares of company stock valued at $1,046,042. Insiders own 17.45% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SIS. TD Securities lifted their target price on shares of Savaria from C$23.00 to C$24.00 and gave the stock a "buy" rating in a research report on Thursday, August 8th. Raymond James lifted their target price on shares of Savaria from C$25.00 to C$27.50 and gave the stock an "outperform" rating in a research report on Friday, September 13th. Stifel Nicolaus boosted 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. National Bankshares boosted their price objective on shares of Savaria from C$22.00 to C$27.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, Scotiabank set a C$25.00 price objective on shares of Savaria and gave the company an "outperform" rating in a research report on Thursday, September 26th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Savaria presently has an average rating of "Buy" and a consensus price target of C$25.50.

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.