Savaria (TSE:SIS - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Savaria to post earnings of C$0.23 per share for the quarter.
Savaria (TSE:SIS - Get Free Report) last posted its quarterly earnings results 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 analyst estimates of C$213.08 million. Savaria had a return on equity of 8.95% and a net margin of 5.25%.
Savaria Price Performance
SIS traded up C$0.03 during trading on Wednesday, reaching C$22.43. 15,364 shares of the company were exchanged, compared to its average volume of 76,174. The company has a quick ratio of 0.91, a current ratio of 1.94 and a debt-to-equity ratio of 56.50. The company has a market cap of C$1.59 billion, a price-to-earnings ratio of 34.46, a P/E/G ratio of 42.72 and a beta of 0.90. Savaria has a 12-month low of C$12.21 and a 12-month high of C$23.92. The company's 50-day moving average is C$21.39 and its two-hundred day moving average is C$19.13.
Savaria Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a $0.045 dividend. This represents a $0.54 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, October 31st. Savaria's dividend payout ratio is presently 83.08%.
Insider Buying and Selling
In related 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. In related news, Senior Officer Sylvain Aubry sold 20,002 shares of the firm's stock in a transaction 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 company's stock in a transaction 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. Insiders have sold a total of 50,002 shares of company stock worth $1,046,042 in the last ninety days. 17.45% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on SIS. Desjardins increased their price objective on Savaria from C$25.00 to C$26.00 and gave the stock a "buy" rating in a research report on Monday, September 23rd. Raymond James boosted their price objective on Savaria from C$25.00 to C$27.50 and gave the stock an "outperform" rating in a report on Friday, September 13th. Stifel Nicolaus raised their target price on shares of Savaria from C$24.00 to C$25.00 and gave the company a "buy" rating in a research note on Tuesday, August 20th. Scotiabank set a C$25.00 target price on shares of Savaria and gave the company an "outperform" rating in a research report on Thursday, September 26th. Finally, National Bankshares increased their price target on shares of Savaria from C$22.00 to C$27.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Savaria presently has an average rating of "Buy" and a consensus price target of C$25.50.
Check Out Our Latest Report on Savaria
About Savaria
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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.
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