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

Savaria Co. (TSE:SIS) – Equities research analysts at Cormark dropped their FY2024 earnings per share estimates for Savaria in a research note issued on Monday, November 11th. Cormark analyst K. Mcphee now forecasts that the company will post earnings per share of $0.91 for the year, down from their previous forecast of $0.92. Cormark currently 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 analysts have also weighed in on the stock. TD Securities boosted their price target on shares of Savaria from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Desjardins upped their price target on Savaria from C$25.00 to C$26.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Scotiabank set a C$25.00 price objective on Savaria and gave the stock an “outperform” rating in a research report on Thursday, September 26th. 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. Finally, Stifel Nicolaus boosted their price target on shares of Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$25.50.

Savaria Trading Down 1.6 %

Shares of SIS opened at C$22.13 on Thursday. Savaria has a 52-week low of C$14.10 and a 52-week high of C$23.92. The stock has a market cap of C$1.57 billion, a PE ratio of 34.05, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The firm’s fifty day moving average is C$22.03 and its two-hundred day 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.

Insider Activity at Savaria

In other news, Director Sylvain Dumoulin sold 5,000 shares of Savaria stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of C$22.00, for a total value of C$110,000.00. Also, Senior Officer Sylvain Aubry sold 20,002 shares of the business’s 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. In the last ninety days, insiders have sold 50,002 shares of company stock worth $1,046,042. Company insiders own 17.45% of the company’s stock.

Savaria Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, October 31st. Savaria’s payout ratio is 83.08%.

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.