Savaria (SIS) Scheduled to Post Earnings on Wednesday

Savaria (TSE:SIS) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of C$0.19 per share for the quarter.

Savaria (TSE:SIS) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.16 by C$0.03. Savaria had a return on equity of 8.52% and a net margin of 5.13%. The business had revenue of C$209.44 million for the quarter, compared to the consensus estimate of C$214.32 million.

Savaria Stock Performance

Shares of Savaria stock traded down C$0.14 on Wednesday, reaching C$19.24. 4,139 shares of the stock were exchanged, compared to its average volume of 63,655. The company has a quick ratio of 0.91, a current ratio of 1.92 and a debt-to-equity ratio of 58.20. Savaria has a twelve month low of C$12.21 and a twelve month high of C$19.57. The business has a 50 day moving average price of C$18.16 and a two-hundred day moving average price of C$17.14. The firm has a market capitalization of C$1.37 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 42.72 and a beta of 0.88.

Savaria Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, August 9th. Shareholders of record on Wednesday, July 31st will be issued a $0.043 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Wednesday, July 31st. Savaria’s payout ratio is presently 81.25%.

Insider Activity at Savaria

In other news, Senior Officer Jean-Philippe De Montigny acquired 11,600 shares of the business’s stock in a transaction on Monday, May 13th. The stock was bought at an average cost of C$17.24 per share, for a total transaction of C$199,984.00. In other news, Senior Officer Jean-Philippe De Montigny acquired 11,600 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were bought at an average price of C$17.24 per share, for a total transaction of C$199,984.00. Also, Director Peter Allen Drutz sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of C$18.10, for a total transaction of C$72,400.00. 20.38% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SIS shares. Scotiabank lifted their target price on shares of Savaria from C$21.50 to C$22.00 in a report on Friday, May 10th. National Bankshares lifted their price objective on shares of Savaria from C$20.50 to C$21.00 in a report on Thursday, May 9th. Desjardins increased their target price on shares of Savaria from C$23.50 to C$24.00 and gave the stock a “buy” rating in a research note on Tuesday. Raymond James lifted their price target on Savaria from C$19.00 to C$22.00 in a research note on Friday, May 10th. Finally, Cormark upped their price target on Savaria from C$22.50 to C$24.00 in a report on Friday, May 10th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$22.71.

About Savaria

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.