Savaria Co. (SIS) To Go Ex-Dividend on April 29th

Savaria Co. (TSE:SIS) announced a monthly dividend on Monday, April 22nd, Zacks reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.043 per share on Friday, May 10th. This represents a $0.52 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Monday, April 29th.

Savaria Stock Up 1.6 %

SIS opened at C$17.00 on Wednesday. Savaria has a fifty-two week low of C$12.21 and a fifty-two week high of C$17.70. The company has a debt-to-equity ratio of 58.17, a current ratio of 1.98 and a quick ratio of 0.91. The firm’s fifty day moving average price is C$16.66 and its two-hundred day moving average price is C$15.34. The company has a market capitalization of C$1.21 billion, a P/E ratio of 29.82, a P/E/G ratio of 42.72 and a beta of 0.85.

Savaria (TSE:SIS) last posted its quarterly earnings results on Wednesday, March 6th. The company reported C$0.19 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.01. Savaria had a net margin of 4.52% and a return on equity of 7.55%. The firm had revenue of C$216.84 million for the quarter, compared to the consensus estimate of C$214.78 million. On average, analysts anticipate that Savaria will post 0.7945271 EPS for the current year.

Wall Street Analysts Forecast Growth

SIS has been the topic of a number of recent research reports. National Bankshares lifted their price target on shares of Savaria from C$19.50 to C$20.50 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Cormark upped their target price on shares of Savaria from C$18.00 to C$21.00 in a report on Friday, March 8th. Scotiabank upped their target price on shares of Savaria from C$17.00 to C$21.50 and gave the stock an “outperform” rating in a report on Friday, March 8th. TD Securities upped their target price on shares of Savaria from C$21.00 to C$23.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, Raymond James upped their target price on shares of Savaria from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Friday, March 8th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Savaria has an average rating of “Buy” and an average target price of C$21.64.

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.