Desjardins Issues Pessimistic Estimate for Savaria Earnings

Savaria Co. (TSE:SIS) – Stock analysts at Desjardins dropped their FY2024 earnings per share (EPS) estimates for shares of Savaria in a research report issued to clients and investors on Thursday, November 7th. Desjardins analyst F. Tremblay now expects that the company will post earnings of $0.68 per share for the year, down from their previous forecast of $0.69. Desjardins has a “Buy” rating and a $26.00 price objective on the stock. The consensus estimate for Savaria’s current full-year earnings is $1.20 per share. Desjardins also issued estimates for Savaria’s FY2025 earnings at $1.07 EPS and FY2026 earnings at $1.44 EPS.

Other analysts have also recently issued reports about the stock. Scotiabank set a C$25.00 price objective on shares of Savaria and gave the company an “outperform” rating in a research note on Thursday, September 26th. National Bankshares raised their price objective on Savaria from C$22.00 to C$27.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. TD Securities boosted their target price on Savaria from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Raymond James increased their target price on shares of Savaria from C$25.00 to C$27.50 and gave the stock an “outperform” rating in a research report on Friday, September 13th. Finally, Stifel Nicolaus lifted their price target on shares of Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Savaria currently has a consensus rating of “Buy” and a consensus target price of C$25.50.

Savaria Price Performance

Savaria stock opened at C$22.89 on Monday. The company has a debt-to-equity ratio of 56.50, a quick ratio of 0.91 and a current ratio of 1.94. The company has a market cap of C$1.63 billion, a price-to-earnings ratio of 35.22, a PEG ratio of 42.72 and a beta of 0.90. Savaria has a 1 year low of C$13.64 and a 1 year high of C$23.92. The firm has a 50 day moving average price of C$21.86 and a 200 day moving average price of C$19.47.

Savaria Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a $0.045 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.54 annualized dividend and a dividend yield of 2.36%. Savaria’s dividend payout ratio (DPR) is presently 83.08%.

Insider Activity at Savaria

In other news, Director Sylvain Dumoulin sold 5,000 shares of Savaria stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of C$22.00, for a total transaction of C$110,000.00. In related news, Senior Officer Sylvain Aubry sold 20,002 shares of Savaria stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$20.75, for a total value of C$415,041.50. Also, Director Sylvain Dumoulin sold 5,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$22.00, for a total transaction of C$110,000.00. In the last three months, insiders sold 50,002 shares of company stock valued at $1,046,042. Corporate insiders own 17.45% of the company’s stock.

Savaria Company Profile

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.