National Bank Financial Comments on Savaria FY2024 Earnings

Savaria Co. (TSE:SIS) – Research analysts at National Bank Financial decreased their FY2024 earnings per share (EPS) estimates for shares of Savaria in a note issued to investors on Wednesday, November 6th. National Bank Financial analyst Z. Evershed now anticipates that the company will post earnings of $0.86 per share for the year, down from their prior forecast of $0.89. The consensus estimate for Savaria’s current full-year earnings is $1.20 per share. National Bank Financial also issued estimates for Savaria’s Q4 2024 earnings at $0.22 EPS and FY2026 earnings at $1.21 EPS.

A number of other brokerages also recently issued reports on SIS. 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. Scotiabank set a C$25.00 price target on Savaria and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Raymond James upped their price target on Savaria from C$25.00 to C$27.50 and gave the stock an “outperform” rating in a research note on Friday, September 13th. TD Securities upped their price target on Savaria from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Finally, Desjardins upped their price target on Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$25.50.

Savaria Trading Down 2.4 %

Shares of TSE:SIS opened at C$22.28 on Friday. The stock has a 50 day moving average of C$21.80 and a 200 day moving average of C$19.40. The company has a market cap of C$1.58 billion, a PE ratio of 34.28, a price-to-earnings-growth 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. Savaria has a 12-month low of C$13.64 and a 12-month high of C$23.92.

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

Insider Transactions at Savaria

In other news, Director Sylvain Dumoulin sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of C$22.00, for a total transaction of C$110,000.00. In related news, Director Sylvain Dumoulin sold 5,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was 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 the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$20.84, for a total value of C$521,000.00. 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 Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued 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 2.42%. Savaria’s dividend payout ratio (DPR) is 83.08%.

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.