Savaria Co. Announces Monthly Dividend of $0.04 (TSE:SIS)

Savaria Co. (TSE:SIS) declared a monthly dividend on Wednesday, July 17th, Zacks reports. Shareholders of record on Wednesday, July 31st will be given a dividend of 0.043 per share on Friday, August 9th. This represents a $0.52 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Wednesday, July 31st.

Savaria Price Performance

SIS opened at C$18.96 on Monday. The company has a market capitalization of C$1.35 billion, a P/E ratio of 29.63, a PEG ratio of 42.72 and a beta of 0.88. The company has a 50-day moving average of C$18.10 and a 200-day moving average of C$17.08. The company has a debt-to-equity ratio of 58.20, a quick ratio of 0.91 and a current ratio of 1.92. Savaria has a 1-year low of C$12.21 and a 1-year high of C$19.13.

Savaria (TSE:SIS) last announced its quarterly earnings data 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 firm had revenue of C$209.44 million during the quarter, compared to analyst estimates of C$214.32 million. Equities analysts expect that Savaria will post 0.8296678 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SIS shares. Cormark upped their price target on Savaria from C$22.50 to C$24.00 in a research report on Friday, May 10th. Desjardins increased their target price on shares of Savaria from C$22.50 to C$23.50 and gave the stock a “buy” rating in a report on Wednesday, April 10th. National Bankshares lifted their price target on shares of Savaria from C$20.50 to C$21.00 in a report on Thursday, May 9th. TD Securities increased their price objective on shares of Savaria from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Finally, Raymond James raised their target price on shares of Savaria from C$19.00 to C$22.00 in a report on Friday, May 10th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$22.64.

Insider Activity

In other news, Senior Officer Jean-Philippe De Montigny acquired 11,600 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average price of C$17.24 per share, with a total value of C$199,984.00. In other Savaria news, Senior Officer Jean-Philippe De Montigny acquired 11,600 shares of Savaria stock in a transaction dated Monday, May 13th. The stock was acquired at an average cost 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 firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of C$18.10, for a total value of C$72,400.00. Corporate insiders own 20.38% 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.