Savaria Co. Declares Monthly Dividend of $0.05 (TSE:SIS)

Savaria Co. (TSE:SIS) declared a monthly dividend on Wednesday, October 23rd, Zacks reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.045 per share on Tuesday, November 12th. This represents a $0.54 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Thursday, October 31st.

Savaria Stock Performance

Shares of SIS stock opened at C$22.45 on Thursday. 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$12.21 and a 12-month high of C$23.92. The business’s 50 day moving average is C$21.21 and its two-hundred day moving average is C$19.00. The company has a market capitalization of C$1.60 billion, a P/E ratio of 34.54, a P/E/G ratio of 42.72 and a beta of 0.90.

Savaria (TSE:SIS) last announced its earnings results on Wednesday, August 7th. The company reported C$0.22 earnings per share for the quarter, topping the consensus estimate of C$0.20 by C$0.02. Savaria had a return on equity of 8.95% and a net margin of 5.25%. The business had revenue of C$221.34 million during the quarter, compared to the consensus estimate of C$213.08 million. Analysts expect that Savaria will post 1.2048518 EPS for the current fiscal year.

Insider Buying and Selling

In other Savaria news, Director Jean-Louis Chapdelaine sold 25,000 shares of the company’s 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. In other news, Director Sylvain Dumoulin sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 that occurred 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. Over the last 90 days, insiders have sold 50,002 shares of company stock worth $1,046,042. 17.45% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. National Bankshares lifted their target price on shares of Savaria from C$21.00 to C$22.00 in a research report on Thursday, August 8th. Desjardins lifted their price objective on Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. 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 report on Friday, September 13th. Scotiabank set a C$25.00 target price on Savaria and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, Stifel Nicolaus boosted their price target on Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Savaria has an average rating of “Buy” and a consensus price target of C$24.79.

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.