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

Savaria Co. (TSE:SIS) announced a monthly dividend on Thursday, September 12th, Zacks reports. Investors of record on Monday, September 30th will be paid a dividend of 0.045 per share on Wednesday, October 9th. This represents a $0.54 annualized dividend and a yield of 2.49%. The ex-dividend date is Monday, September 30th. This is a positive change from Savaria’s previous monthly dividend of $0.04.

Savaria Trading Up 0.1 %

SIS opened at C$21.70 on Friday. 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 company’s 50 day simple moving average is C$19.90 and its two-hundred day simple moving average is C$18.24. The firm has a market capitalization of C$1.54 billion, a price-to-earnings ratio of 33.38, a price-to-earnings-growth ratio of 42.72 and a beta of 0.89. Savaria has a 1-year low of C$12.21 and a 1-year high of C$22.00.

Savaria (TSE:SIS) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.22 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.02. Savaria had a return on equity of 8.95% and a net margin of 5.25%. The company had revenue of C$221.34 million for the quarter, compared to analyst estimates of C$213.08 million. Analysts expect that Savaria will post 1.1890411 EPS for the current fiscal year.

Insider Transactions at Savaria

In related news, Director Jean-Louis Chapdelaine sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total transaction of C$521,000.00. 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 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. Company insiders own 20.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. TD Securities upped their price objective on shares of Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Desjardins raised their price target on shares of Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Stifel Nicolaus upped 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. National Bankshares raised their target price on Savaria from C$21.00 to C$22.00 in a research note on Thursday, August 8th. Finally, Scotiabank set a C$25.00 target price on Savaria and gave the company an “outperform” rating in a research report on Thursday. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$24.79.

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.