Raymond James Comments on Savaria Co.’s Q3 2024 Earnings (TSE:SIS)

Savaria Co. (TSE:SIS) – Research analysts at Raymond James upped their Q3 2024 earnings per share estimates for Savaria in a report released on Thursday, September 12th. Raymond James analyst M. Glen now anticipates that the company will earn $0.24 per share for the quarter, up from their previous forecast of $0.23. Raymond James has a “Outperform” rating and a $27.50 price objective on the stock. The consensus estimate for Savaria’s current full-year earnings is $1.18 per share. Raymond James also issued estimates for Savaria’s FY2024 earnings at $0.88 EPS and FY2025 earnings at $1.09 EPS.

A number of other equities research analysts also recently weighed in on SIS. National Bankshares boosted their price objective on shares of Savaria from C$21.00 to C$22.00 in a research report on Thursday, August 8th. TD Securities upped their target price on Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Desjardins increased their price target on Savaria from C$23.50 to C$24.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Finally, 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 research report on Tuesday, August 20th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$24.07.

Savaria Stock Performance

The business’s fifty day simple moving average is C$19.34 and its two-hundred day simple moving average is C$17.92. The company has a quick ratio of 0.91, a current ratio of 1.94 and a debt-to-equity ratio of 56.50. Savaria has a twelve month low of C$12.21 and a twelve month high of C$21.23. The firm has a market capitalization of C$1.51 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 42.72 and a beta of 0.89.

Savaria (TSE:SIS) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.20 by C$0.02. The business had revenue of C$221.34 million for 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 Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date is Monday, September 30th. This is a boost from Savaria’s previous monthly dividend of $0.04. Savaria’s payout ratio is 80.00%.

Insider Transactions at Savaria

In other news, Senior Officer Sylvain Aubry sold 20,002 shares of the 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. Insiders own 20.30% 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.