National Bank Financial Predicts Weaker Earnings for Savaria

Savaria Co. (TSE:SIS) – Equities research analysts at National Bank Financial cut their FY2024 earnings estimates for 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.

Savaria (TSE:SIS) last posted its earnings results on Wednesday, August 7th. The company reported C$0.22 EPS for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.02. Savaria had a return on equity of 8.95% and a net margin of 5.25%. The business had revenue of C$221.34 million for the quarter, compared to analysts’ expectations of C$213.08 million.

Several other brokerages also recently issued reports on SIS. Raymond James raised their price objective on shares of Savaria from C$25.00 to C$27.50 and gave the stock an “outperform” rating in a research report on Friday, September 13th. Stifel Nicolaus increased their price objective on Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Scotiabank set a C$25.00 target price on Savaria and gave the company an “outperform” rating in a report on Thursday, September 26th. Desjardins increased their price target on Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, National Bankshares upped their price objective on shares of Savaria from C$22.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Savaria has an average rating of “Buy” and an average price target of C$25.50.

Savaria Stock Performance

Shares of SIS opened at C$22.89 on Friday. The company’s 50 day simple moving average is C$21.86 and its 200-day simple moving average is C$19.45. Savaria has a 12-month low of C$13.64 and a 12-month high of C$23.92. The firm has a market cap of C$1.63 billion, a PE ratio of 35.22, 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.

Insider Activity

In related news, Senior Officer Sylvain Aubry sold 20,002 shares of the business’s stock in a transaction dated 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 other Savaria news, Director Sylvain Dumoulin sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of C$22.00, for a total transaction of C$110,000.00. Also, Senior Officer Sylvain Aubry sold 20,002 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$20.75, for a total transaction of C$415,041.50. Insiders sold 50,002 shares of company stock worth $1,046,042 in the last 90 days. 17.45% of the stock is currently owned by corporate insiders.

Savaria Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.36%. 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.