FY2024 Earnings Estimate for Savaria Issued By Scotiabank

Savaria Co. (TSE:SIS) – Analysts at Scotiabank issued their FY2024 earnings estimates for shares of Savaria in a report issued on Wednesday, January 8th. Scotiabank analyst J. Goldman expects that the company will post earnings per share of $0.99 for the year. Scotiabank currently has a “Outperform” rating and a $25.00 target price on the stock. The consensus estimate for Savaria’s current full-year earnings is $1.20 per share. Scotiabank also issued estimates for Savaria’s FY2025 earnings at $1.26 EPS.

Several other brokerages have also weighed in on SIS. National Bankshares upped their target price 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. Cormark cut shares of Savaria from a “buy” rating to a “market perform” rating in a research note on Monday, November 11th. Finally, Desjardins increased their price target on shares of Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Savaria has a consensus rating of “Moderate Buy” and an average target price of C$25.50.

Savaria Stock Down 0.3 %

TSE:SIS opened at C$19.64 on Monday. Savaria has a 1-year low of C$14.75 and a 1-year high of C$23.92. The firm has a market capitalization of C$1.40 billion, a price-to-earnings ratio of 30.22, 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 business’s fifty day moving average price is C$21.11 and its 200 day moving average price is C$20.55.

Savaria Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a $0.045 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.75%. Savaria’s payout ratio is 83.08%.

Insider Transactions at Savaria

In related news, Senior Officer Jean-Philippe De Montigny bought 19,545 shares of the company’s stock in a transaction on Monday, November 11th. The stock was bought at an average cost of C$22.96 per share, with a total value of C$448,753.20. 17.45% of the stock is owned by insiders.

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.