Desjardins Weighs in on Savaria’s FY2024 Earnings (TSE:SIS)

Savaria Co. (TSE:SIS) – Research analysts at Desjardins decreased their FY2024 EPS estimates for shares of Savaria in a research note issued on Thursday, November 7th. Desjardins analyst F. Tremblay now anticipates that the company will post earnings per share of $0.68 for the year, down from their prior estimate of $0.69. Desjardins currently has a “Buy” rating and a $26.00 target price 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.

SIS has been the subject of several other reports. National Bankshares upped their target price on Savaria from C$22.00 to C$27.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Cormark lowered Savaria from a “buy” rating to a “market perform” rating in a research report on Monday. Stifel Nicolaus raised their target price on Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Scotiabank set a C$25.00 price target on shares of Savaria and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, Raymond James increased their price objective on shares of Savaria from C$25.00 to C$27.50 and gave the stock an “outperform” rating in a report on Friday, September 13th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.50.

Savaria Price Performance

Shares of TSE:SIS opened at C$21.89 on Monday. The company has a quick ratio of 0.91, a current ratio of 1.94 and a debt-to-equity ratio of 56.50. The firm has a 50-day simple moving average of C$21.86 and a 200 day simple moving average of C$19.49. Savaria has a fifty-two week low of C$13.95 and a fifty-two week high of C$23.92. The company has a market cap of C$1.56 billion, a PE ratio of 33.85, a P/E/G ratio of 42.72 and a beta of 0.90.

Insider Buying and Selling

In other news, Director Jean-Louis Chapdelaine sold 25,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$20.84, for a total value of C$521,000.00. In related 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. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of Savaria stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total value of C$521,000.00. Insiders sold 50,002 shares of company stock valued at $1,046,042 over the last 90 days. 17.45% of the stock is currently owned by company insiders.

Savaria Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Thursday, October 31st. Savaria’s dividend payout ratio is currently 83.08%.

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.