Q4 2023 EPS Estimates for Savaria Co. (TSE:SIS) Cut by Analyst

Savaria Co. (TSE:SIS) – Analysts at Desjardins reduced their Q4 2023 EPS estimates for shares of Savaria in a research report issued to clients and investors on Thursday, November 2nd. Desjardins analyst F. Tremblay now forecasts that the company will post earnings of $0.18 per share for the quarter, down from their previous forecast of $0.20. Desjardins currently has a “Buy” rating and a $20.50 price target on the stock. The consensus estimate for Savaria’s current full-year earnings is $0.89 per share. Desjardins also issued estimates for Savaria’s FY2024 earnings at $0.82 EPS and FY2025 earnings at $1.08 EPS.

SIS has been the topic of a number of other reports. Stifel Nicolaus set a C$25.00 target price on shares of Savaria and gave the company a “buy” rating in a report on Monday, September 25th. Scotiabank reduced their target price on shares of Savaria from C$19.00 to C$17.00 and set an “outperform” rating on the stock in a report on Friday. Raymond James reduced their target price on shares of Savaria from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a report on Monday, September 25th. Finally, TD Securities reduced their target price on shares of Savaria from C$21.00 to C$18.00 and set a “buy” rating on the stock in a report on Friday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Savaria presently has a consensus rating of “Buy” and an average price target of C$19.67.

Savaria Price Performance

TSE:SIS opened at C$14.37 on Monday. The firm has a market cap of C$1.02 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 42.72 and a beta of 0.74. The company has a current ratio of 1.91, a quick ratio of 0.91 and a debt-to-equity ratio of 60.40. The company’s 50-day moving average is C$13.98 and its two-hundred day moving average is C$15.75. Savaria has a 12-month low of C$12.21 and a 12-month high of C$17.70.

Savaria (TSE:SIS) last released its quarterly earnings data on Wednesday, August 9th. The company reported C$0.14 EPS for the quarter, missing the consensus estimate of C$0.18 by C($0.04). Savaria had a return on equity of 7.92% and a net margin of 4.58%. The business had revenue of C$198.40 million during the quarter, compared to analysts’ expectations of C$208.44 million.

Savaria Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 10th. Stockholders of record on Tuesday, October 31st will be paid a dividend of $0.043 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Monday, October 30th. Savaria’s dividend payout ratio is currently 88.14%.

Savaria Company Profile

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, the United Kingdom, rest of Europe, and internationally. The company operates through three segments: Accessibility, Patient Care, and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes, and installs accessibility products, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair platform lifts for commercial and residential applications, and commercial accessibility and home elevators.