National Bank Financial Predicts Savaria FY2024 Earnings

Savaria Co. (TSE:SIS) – Equities researchers at National Bank Financial decreased their FY2024 earnings per share (EPS) estimates for shares of Savaria in a report released on Wednesday, November 6th. National Bank Financial analyst Z. Evershed now anticipates that the company will post earnings per share of $0.86 for the year, down from their previous estimate of $0.89. The consensus estimate for Savaria’s current full-year earnings is $1.20 per share. National Bank Financial also issued estimates for Savaria’s Q4 2024 earnings at $0.22 EPS and FY2026 earnings at $1.21 EPS.

A number of other analysts have also issued reports on the company. TD Securities boosted their price objective on Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Raymond James increased their price target on shares of Savaria from C$25.00 to C$27.50 and gave the stock an “outperform” rating in a report on Friday, September 13th. Desjardins upped their target price 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 raised their price target on shares of Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Finally, Scotiabank set a C$25.00 price target on shares of Savaria and gave the stock an “outperform” rating in a report on Thursday, September 26th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Savaria has a consensus rating of “Buy” and a consensus price target of C$25.50.

Savaria Stock Up 2.7 %

Savaria stock opened at C$22.89 on Friday. The firm has a 50 day simple moving average of C$21.86 and a 200 day simple moving average of C$19.45. The company has a current ratio of 1.94, a quick ratio of 0.91 and a debt-to-equity ratio of 56.50. Savaria has a 1-year low of C$13.64 and a 1-year high of C$23.92. The firm has a market capitalization of C$1.63 billion, a price-to-earnings ratio of 35.22, a P/E/G ratio of 42.72 and a beta of 0.90.

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 company had revenue of C$221.34 million for the quarter, compared to analyst estimates of C$213.08 million. Savaria had a net margin of 5.25% and a return on equity of 8.95%.

Savaria Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a $0.045 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.54 annualized dividend and a yield of 2.36%. Savaria’s dividend payout ratio (DPR) is presently 83.08%.

Insider Activity at Savaria

In other Savaria news, Director Sylvain Dumoulin sold 5,000 shares of Savaria stock in a transaction that occurred 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, Director Sylvain Dumoulin sold 5,000 shares of the stock in a transaction dated 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, Director Jean-Louis Chapdelaine sold 25,000 shares of Savaria stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total value of C$521,000.00. Insiders have sold a total of 50,002 shares of company stock valued at $1,046,042 over the last 90 days. 17.45% of the stock is owned by insiders.

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.