Savaria (SIS) to Release Quarterly Earnings on Wednesday

Savaria (TSE:SIS) is set to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect Savaria to post earnings of C$0.23 per share for the quarter.

Savaria (TSE:SIS) last announced its earnings results on Wednesday, August 7th. The company reported C$0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.20 by C$0.02. The company had revenue of C$221.34 million during the quarter, compared to analyst estimates of C$213.08 million. Savaria had a net margin of 5.25% and a return on equity of 8.95%.

Savaria Price Performance

Shares of SIS stock traded up C$0.01 during trading hours on Tuesday, hitting C$22.54. 21,807 shares of the company’s stock were exchanged, compared to its average volume of 75,764. The company has a market capitalization of C$1.60 billion, a PE ratio of 34.66, a PEG ratio of 42.72 and a beta of 0.90. The company has a current ratio of 1.94, a quick ratio of 0.91 and a debt-to-equity ratio of 56.50. Savaria has a 12-month low of C$13.64 and a 12-month high of C$23.92. The business’s 50 day simple moving average is C$21.63 and its 200-day simple moving average is C$19.30.

Savaria Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a dividend of $0.045 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.54 dividend on an annualized basis and a yield of 2.40%. Savaria’s dividend payout ratio is currently 83.08%.

Wall Street Analyst Weigh In

Several brokerages recently commented on SIS. Desjardins increased their price objective on shares of Savaria from C$25.00 to C$26.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. National Bankshares lifted their target price on Savaria from C$22.00 to C$27.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Securities boosted their price objective on Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Stifel Nicolaus increased their price objective on shares of Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Finally, Scotiabank set a C$25.00 price target on Savaria and gave the company an “outperform” rating in a report on Thursday, September 26th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Savaria has a consensus rating of “Buy” and a consensus price target of C$25.50.

Insider Activity at Savaria

In other Savaria news, Director Jean-Louis Chapdelaine sold 25,000 shares of Savaria stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total value of C$521,000.00. In related news, Senior Officer Sylvain Aubry sold 20,002 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$20.75, for a total transaction of C$415,041.50. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of the firm’s stock in a transaction dated 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 have sold a total of 50,002 shares of company stock valued at $1,046,042 over the last ninety days. 17.45% of the stock is owned by company insiders.

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.