FY2018 EPS Estimates for Savaria Co. (SIS) Lowered by Desjardins

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Savaria Co. (TSE:SIS) – Equities research analysts at Desjardins cut their FY2018 earnings estimates for shares of Savaria in a note issued to investors on Thursday, February 21st. Desjardins analyst F. Tremblay now expects that the company will earn $0.44 per share for the year, down from their previous forecast of $0.46. Desjardins also issued estimates for Savaria’s Q4 2018 earnings at $0.15 EPS, FY2019 earnings at $0.71 EPS and FY2020 earnings at $0.85 EPS.

SIS has been the topic of several other research reports. National Bank Financial dropped their target price on Savaria from C$21.00 to C$17.00 and set a “sector perform” rating on the stock in a report on Thursday, November 15th. Laurentian dropped their target price on Savaria from C$23.00 to C$20.00 in a report on Thursday, November 15th. Finally, Cormark dropped their target price on Savaria from C$21.00 to C$15.00 in a report on Friday, November 16th.

Shares of TSE:SIS opened at C$13.05 on Friday. Savaria has a 12 month low of C$11.41 and a 12 month high of C$20.95. The company has a market cap of $660.64 million and a P/E ratio of 27.02. The company has a current ratio of 2.06, a quick ratio of 0.94 and a debt-to-equity ratio of 49.65.

In other news, Director Sylvain Dumoulin sold 5,000 shares of the business’s stock in a transaction on Friday, January 18th. The shares were sold at an average price of C$15.25, for a total transaction of C$76,250.00. Following the transaction, the director now directly owns 65,000 shares in the company, valued at approximately C$991,250. Also, Director Peter Allen Drutz sold 14,441 shares of the business’s stock in a transaction on Monday, January 21st. The shares were sold at an average price of C$14.74, for a total transaction of C$212,922.44. Following the transaction, the director now owns 140,125 shares in the company, valued at C$2,066,045.04.

The firm also recently declared a monthly dividend, which was paid on Thursday, February 14th. Shareholders of record on Thursday, January 31st were given a $0.035 dividend. The ex-dividend date of this dividend was Wednesday, January 30th. This represents a $0.42 annualized dividend and a yield of 3.22%. Savaria’s dividend payout ratio (DPR) is 86.96%.

Savaria Company Profile

Savaria Corporation designs, engineers, and manufactures products for personal mobility in Canada, the United States, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and the Span. The Accessibility segment manufactures and distributes residential and commercial accessibility equipment for people with mobility challenges; and operates network of franchisees and corporate stores.

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