Cormark Research Analysts Cut Earnings Estimates for Savaria

Savaria Co. (TSE:SIS) – Equities researchers at Cormark cut their FY2024 earnings per share estimates for shares of Savaria in a report released on Monday, November 11th. Cormark analyst K. Mcphee now forecasts that the company will earn $0.91 per share for the year, down from their prior estimate of $0.92. Cormark has a “Market Perform” rating on the stock. The consensus estimate for Savaria’s current full-year earnings is $1.20 per share. Cormark also issued estimates for Savaria’s FY2025 earnings at $1.15 EPS and FY2026 earnings at $1.34 EPS.

A number of other equities research analysts also recently issued reports on SIS. TD Securities upped their price target on shares of Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. National Bankshares upped their target price 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. Desjardins increased their price target on shares of Savaria from C$25.00 to C$26.00 and gave the company 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 research report on Tuesday, August 20th. Finally, Scotiabank set a C$25.00 target price on Savaria and gave the stock an “outperform” rating in a report on Thursday, September 26th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$25.50.

Savaria Stock Down 1.6 %

Shares of SIS stock opened at C$22.13 on Thursday. The stock has a market cap of C$1.57 billion, a P/E ratio of 34.05, a PEG ratio of 42.72 and a beta of 0.90. The company’s fifty day simple moving average is C$22.03 and its two-hundred day simple moving average is C$19.59. 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 52 week low of C$14.10 and a 52 week high of C$23.92.

Savaria Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a $0.045 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.44%. Savaria’s dividend payout ratio is currently 83.08%.

Insider Transactions at Savaria

In other Savaria news, Senior Officer Sylvain Aubry sold 20,002 shares of Savaria 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. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total value of C$521,000.00. Over the last ninety days, insiders sold 50,002 shares of company stock worth $1,046,042. Company 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.