Cormark Analysts Decrease Earnings Estimates for Savaria

Savaria Co. (TSE:SIS) – Cormark cut their FY2024 earnings estimates for shares of Savaria in a research report issued on Monday, November 11th. Cormark analyst K. Mcphee now expects that the company will earn $0.91 per share for the year, down from their prior forecast 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.

A number of other equities analysts have also recently issued reports on the company. Desjardins upped their target price on Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Stifel Nicolaus lifted their target price on Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. National Bankshares raised their price objective on Savaria from C$22.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Raymond James upped 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. Finally, Scotiabank set a C$25.00 price target on shares of Savaria and gave the stock an “outperform” rating in a research report on Thursday, September 26th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Savaria has an average rating of “Moderate Buy” and an average target price of C$25.50.

Savaria Stock Performance

TSE SIS opened at C$22.48 on Thursday. Savaria has a fifty-two week low of C$14.10 and a fifty-two week high of C$23.92. The stock has a market cap of C$1.60 billion, a PE ratio of 33.65, a PEG ratio of 42.72 and a beta of 0.90. The company has a debt-to-equity ratio of 56.50, a quick ratio of 0.91 and a current ratio of 1.94. The firm’s fifty day moving average price is C$21.98 and its two-hundred day moving average price is C$19.56.

Insiders Place Their Bets

In other Savaria news, Director Jean-Louis Chapdelaine sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total transaction of C$521,000.00. Also, Senior Officer Sylvain Aubry sold 20,002 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$20.75, for a total value of C$415,041.50. Over the last quarter, insiders have sold 50,002 shares of company stock worth $1,046,042. Corporate insiders own 17.45% of the company’s stock.

Savaria Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a dividend of $0.045 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.40%. Savaria’s dividend payout ratio (DPR) is presently 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.