Desjardins Comments on Savaria Co.’s Q3 2024 Earnings (TSE:SIS)

Savaria Co. (TSE:SIS) – Equities researchers at Desjardins lifted their Q3 2024 earnings per share estimates for shares of Savaria in a note issued to investors on Wednesday, April 10th. Desjardins analyst F. Tremblay now expects that the company will post earnings per share of $0.20 for the quarter, up from their previous forecast of $0.19. Desjardins has a “Buy” rating and a $23.50 price target on the stock. The consensus estimate for Savaria’s current full-year earnings is $0.79 per share.

Savaria (TSE:SIS) last issued its quarterly earnings data on Wednesday, March 6th. The company reported C$0.19 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.01. The firm had revenue of C$216.84 million for the quarter, compared to analyst estimates of C$214.78 million. Savaria had a return on equity of 7.55% and a net margin of 4.52%.

SIS has been the topic of several other reports. Raymond James lifted their price target on Savaria from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Friday, March 8th. Cormark lifted their price objective on Savaria from C$18.00 to C$21.00 in a research note on Friday, March 8th. Scotiabank lifted their price objective on Savaria from C$17.00 to C$21.50 and gave the company an “outperform” rating in a research note on Friday, March 8th. TD Securities lifted their price objective on Savaria from C$21.00 to C$23.00 and gave the company a “buy” rating in a research note on Friday. Finally, Stifel Nicolaus lowered their price objective on Savaria from C$25.00 to C$23.00 and set a “buy” rating for the company in a research note on Friday, March 8th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$21.64.

Savaria Trading Up 0.1 %

TSE SIS opened at C$16.74 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.98 and a debt-to-equity ratio of 58.17. Savaria has a twelve month low of C$12.21 and a twelve month high of C$17.70. The firm has a market capitalization of C$1.19 billion, a PE ratio of 29.37, a P/E/G ratio of 42.72 and a beta of 0.85. The stock’s 50 day moving average is C$16.60 and its 200 day moving average is C$15.20.

Insider Transactions at Savaria

In other news, Senior Officer Jean-Philippe De Montigny acquired 17,980 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The stock was bought at an average price of C$14.94 per share, with a total value of C$268,621.20. Company insiders own 19.86% of the company’s stock.

Savaria Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 28th were paid a $0.043 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Wednesday, March 27th. Savaria’s dividend payout ratio is currently 91.23%.

About Savaria

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.