Savaria (SIS) to Release Quarterly Earnings on Wednesday

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

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

Savaria Stock Down 0.4 %

Shares of TSE:SIS opened at C$22.40 on Wednesday. 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 business’s 50 day moving average is C$21.39 and its 200 day moving average is C$19.13. The stock has a market cap of C$1.59 billion, a P/E ratio of 34.46, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. Savaria has a 52-week low of C$12.21 and a 52-week high of C$23.92.

Savaria Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.045 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.54 annualized dividend and a dividend yield of 2.41%. Savaria’s dividend payout ratio is currently 83.08%.

Wall Street Analyst Weigh In

SIS has been the topic of several recent research reports. National Bankshares increased their target price on shares of 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 increased their price objective on shares of Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Scotiabank set a C$25.00 price objective on shares of Savaria and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Raymond James increased their target price on Savaria from C$25.00 to C$27.50 and gave the company an “outperform” rating in a research report on Friday, September 13th. Finally, Stifel Nicolaus lifted their price target on Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$25.50.

Insider Activity at Savaria

In related news, Senior Officer Sylvain Aubry sold 20,002 shares of the stock in a transaction that occurred 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. In other news, Director Jean-Louis Chapdelaine sold 25,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$20.84, for a total transaction of C$521,000.00. Also, Senior Officer Sylvain Aubry sold 20,002 shares of the company’s 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. Insiders have sold 50,002 shares of company stock valued at $1,046,042 in the last ninety days. 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.