Desjardins Has Bearish Forecast for Savaria Q3 Earnings

Savaria Co. (TSE:SIS) – Equities research analysts at Desjardins dropped their Q3 2024 EPS estimates for shares of Savaria in a note issued to investors on Monday, October 21st. Desjardins analyst F. Tremblay now forecasts that the company will post earnings of $0.18 per share for the quarter, down from their previous estimate of $0.19. 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 $1.11 EPS.

Savaria (TSE:SIS) last issued its earnings results on Wednesday, August 7th. The company reported C$0.22 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 during the quarter, compared to analysts’ expectations of C$213.08 million. Savaria had a net margin of 5.25% and a return on equity of 8.95%.

Several other brokerages have also recently commented on SIS. TD Securities boosted their target price on shares of Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Stifel Nicolaus increased their price objective on shares of Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Scotiabank set a C$25.00 price objective on shares of Savaria and gave the company an “outperform” rating in a research note on Thursday, September 26th. Raymond James increased their price objective on shares of Savaria from C$25.00 to C$27.50 and gave the company an “outperform” rating in a research note on Friday, September 13th. Finally, National Bankshares increased their price objective on shares of Savaria from C$22.00 to C$27.00 and gave the company an “outperform” rating in a research note on Thursday. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$25.50.

Savaria Stock Performance

The firm has a 50 day moving average price of C$21.21 and a 200 day moving average price of C$19.00. The firm has a market cap of C$1.61 billion, a PE ratio of 34.91, a PEG ratio of 42.72 and a beta of 0.90. 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 12-month low of C$12.21 and a 12-month high of C$23.92.

Savaria Dividend Announcement

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

Insider Buying and Selling at Savaria

In related news, Senior Officer Sylvain Aubry sold 20,002 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$20.75, for a total transaction of C$415,041.50. In other Savaria news, Senior Officer Sylvain Aubry sold 20,002 shares of Savaria stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$20.75, for a total value of C$415,041.50. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of Savaria 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. Over the last three months, insiders have sold 50,002 shares of company stock valued at $1,046,042. 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.