Desjardins Comments on Savaria’s FY2024 Earnings (TSE:SIS)

Savaria Co. (TSE:SIS) – Equities researchers at Desjardins lowered their FY2024 earnings per share estimates for shares of Savaria in a research report issued on Thursday, November 7th. Desjardins analyst F. Tremblay now expects that the company will post earnings per share of $0.68 for the year, down from their previous estimate of $0.69. Desjardins currently has a “Buy” rating and a $26.00 target price on the stock. The consensus estimate for Savaria’s current full-year earnings is $1.20 per share. Desjardins also issued estimates for Savaria’s FY2025 earnings at $1.07 EPS and FY2026 earnings at $1.44 EPS.

Other analysts have also recently issued reports about the stock. Cormark cut shares of Savaria from a “buy” rating to a “market perform” rating in a report on Monday. National Bankshares raised their target price 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. Raymond James upped their target price on Savaria from C$25.00 to C$27.50 and gave the company an “outperform” rating in a report on Friday, September 13th. Stifel Nicolaus raised their price target on Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Finally, TD Securities upped their price objective on Savaria from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$25.50.

Savaria Stock Performance

Shares of SIS opened at C$21.85 on Monday. The stock has a market capitalization of C$1.55 billion, a PE ratio of 33.68, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The business’s fifty day moving average price is C$21.91 and its 200 day moving average price is C$19.50. The company has a debt-to-equity ratio of 56.50, a current ratio of 1.94 and a quick ratio of 0.91. Savaria has a 12-month low of C$13.95 and a 12-month high of C$23.92.

Savaria Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a $0.045 dividend. This represents a $0.54 annualized dividend and a yield of 2.47%. The ex-dividend date was Thursday, October 31st. Savaria’s dividend payout ratio is currently 83.08%.

Insider Buying and Selling 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. In related news, Director Sylvain Dumoulin sold 5,000 shares of the business’s stock in a transaction that occurred 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. Also, Senior Officer Sylvain Aubry sold 20,002 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$20.75, for a total value of C$415,041.50. Insiders have sold 50,002 shares of company stock valued at $1,046,042 in the last quarter. Corporate insiders own 17.45% of the company’s stock.

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.