Savaria Co. (TSE:SIS) to Post FY2020 Earnings of $0.64 Per Share, Cormark Forecasts

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Savaria Co. (TSE:SIS) – Equities research analysts at Cormark boosted their FY2020 earnings estimates for shares of Savaria in a research note issued on Thursday, June 20th. Cormark analyst M. Macdougall now forecasts that the company will post earnings per share of $0.64 for the year, up from their prior forecast of $0.63.

A number of other research firms have also issued reports on SIS. National Bank Financial reduced their price target on shares of Savaria from C$17.50 to C$17.00 and set an “outperform” rating for the company in a research report on Friday, May 17th. Eight Capital set a C$15.00 price target on shares of Savaria in a research report on Tuesday, May 14th. Finally, Desjardins reissued a “buy” rating on shares of Savaria in a research report on Wednesday, April 24th.

SIS opened at C$13.16 on Monday. Savaria has a 12-month low of C$11.41 and a 12-month high of C$20.95. The company has a quick ratio of 0.90, a current ratio of 2.06 and a debt-to-equity ratio of 64.47. The stock has a market cap of $660.13 million and a price-to-earnings ratio of 32.98. The stock’s 50 day simple moving average is C$13.07.

Savaria (TSE:SIS) last posted its quarterly earnings results on Wednesday, May 15th. The company reported C$0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.09. The business had revenue of C$87.48 million for the quarter, compared to analysts’ expectations of C$85.35 million.

In other news, Director Jean-Louis Chapdelaine sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of C$13.27, for a total transaction of C$331,747.50. Following the sale, the director now owns 125,000 shares of the company’s stock, valued at approximately C$1,658,737.50.

About Savaria

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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Earnings History and Estimates for Savaria (TSE:SIS)

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