Savaria (TSE:SIS) Posts Quarterly Earnings Results

Savaria (TSE:SIS) issued its earnings results on Wednesday. The company reported C$0.35 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$245.78 million for the quarter. Savaria had a return on equity of 12.41% and a net margin of 8.50%.

Savaria Trading Up 2.0%

TSE:SIS opened at C$30.84 on Friday. The company has a debt-to-equity ratio of 31.42, a quick ratio of 0.91 and a current ratio of 1.71. Savaria has a one year low of C$20.10 and a one year high of C$31.95. The business’s 50-day simple moving average is C$29.73 and its 200 day simple moving average is C$27.82. The stock has a market cap of C$2.22 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 42.72 and a beta of 1.04.

Insiders Place Their Bets

In other Savaria news, Director Les Teague sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of C$28.92, for a total value of C$144,600.00. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of C$27.73, for a total value of C$693,250.00. Following the transaction, the director owned 100,000 shares of the company’s stock, valued at approximately C$2,773,000. This trade represents a 20.00% decrease in their ownership of the stock. Insiders have sold 62,500 shares of company stock worth $1,761,124 in the last quarter. Company insiders own 17.45% of the company’s stock.

Wall Street Analyst Weigh In

SIS has been the topic of a number of research reports. TD Securities upgraded Savaria to a “strong-buy” rating in a report on Friday, July 24th. ATB Cormark Capital Markets increased their target price on shares of Savaria from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. TD raised their price target on shares of Savaria from C$31.00 to C$35.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Raymond James Financial increased their price objective on shares of Savaria from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Finally, Desjardins lifted their target price on shares of Savaria from C$32.00 to C$35.00 and gave the company a “buy” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$33.33.

Savaria Company Profile

Savaria Corporation ( savaria.com ) is a global leader in the accessibility industry. It provides accessibility solutions for the physically challenged to increase their comfort, their mobility and their independence. Its product line is one of the most comprehensive on the market. Savaria designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts and elevators for home and commercial use. It also manufactures and markets a comprehensive selection of pressure management products for the medical market, medical beds for the long-term care market, as well as an extensive line of medical equipment and solutions for the safe handling of patients, including ceiling lifts and slings.