FY2024 Earnings Forecast for Savaria Issued By Cormark

Savaria Co. (TSE:SIS) – Analysts at Cormark dropped their FY2024 EPS estimates for Savaria in a report released on Monday, November 11th. Cormark analyst K. Mcphee now forecasts that the company will post earnings of $0.91 per share for the year, down from their previous estimate of $0.92. Cormark has a “Market Perform” rating on the stock. The consensus estimate for Savaria’s current full-year earnings is $1.20 per share. Cormark also issued estimates for Savaria’s FY2025 earnings at $1.15 EPS and FY2026 earnings at $1.34 EPS.

Several other research firms have also weighed in on SIS. Scotiabank set a C$25.00 price target on shares of Savaria and gave the company an “outperform” rating in a research report on Thursday, September 26th. TD Securities increased their price objective on Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Raymond James raised their target price on Savaria from C$25.00 to C$27.50 and gave the stock an “outperform” rating in a research report on Friday, September 13th. National Bankshares upped their price target 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. Finally, Stifel Nicolaus boosted their price objective on Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Savaria presently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.50.

Savaria Stock Performance

Shares of SIS opened at C$21.87 on Thursday. The company has a market capitalization of C$1.55 billion, a price-to-earnings ratio of 33.69, 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. The stock has a 50 day moving average of C$21.94 and a 200 day moving average of C$19.52. Savaria has a 12 month low of C$14.05 and a 12 month high of C$23.92.

Savaria Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a dividend of $0.045 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.54 annualized dividend and a yield of 2.47%. Savaria’s dividend payout ratio is currently 83.08%.

Insider Buying and Selling

In other Savaria news, Senior Officer Jean-Philippe De Montigny acquired 19,545 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were bought at an average price of C$22.96 per share, for a total transaction of C$448,753.20. In related news, Senior Officer Jean-Philippe De Montigny acquired 19,545 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were bought at an average cost of C$22.96 per share, for a total transaction of C$448,753.20. Also, Senior Officer Sylvain Aubry sold 20,002 shares of Savaria 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 transaction of C$415,041.50. In the last 90 days, insiders have sold 50,002 shares of company stock valued at $1,046,042. Company insiders own 17.45% of the company’s stock.

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.