Desjardins Has Pessimistic View of Savaria Q3 Earnings

Savaria Co. (TSE:SIS) – Equities researchers at Desjardins reduced their Q3 2024 EPS estimates for Savaria in a research report issued on Monday, October 21st. Desjardins analyst F. Tremblay now expects that the company will post earnings of $0.18 per share for the quarter, down from their prior forecast of $0.19. Desjardins currently has a “Buy” rating and a $26.00 price target on the stock. The consensus estimate for Savaria’s current full-year earnings is $1.20 per share. Desjardins also issued estimates for Savaria’s FY2025 earnings at $1.11 EPS.

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

Other research analysts have also recently issued research reports about the stock. Scotiabank set a C$25.00 price target on shares of Savaria and gave the company an “outperform” rating in a report on Thursday, September 26th. TD Securities raised their target price on shares of Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Stifel Nicolaus lifted their target price on Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Raymond James upped their target price on Savaria from C$25.00 to C$27.50 and gave the stock an “outperform” rating in a report on Friday, September 13th. Finally, National Bankshares boosted their price target on Savaria from C$21.00 to C$22.00 in a research report on Thursday, August 8th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Savaria currently has an average rating of “Buy” and a consensus target price of C$24.79.

Savaria Stock Performance

Shares of Savaria stock opened at C$22.45 on Thursday. Savaria has a 12 month low of C$12.21 and a 12 month high of C$23.92. 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 company has a market capitalization of C$1.60 billion, a PE ratio of 34.54, a PEG ratio of 42.72 and a beta of 0.90. The stock’s fifty day simple moving average is C$21.21 and its 200 day simple moving average is C$19.00.

Insiders Place Their Bets

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

Savaria Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were issued a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 2.41%. This is a positive change from Savaria’s previous monthly dividend of $0.04. The ex-dividend date was Monday, September 30th. Savaria’s dividend payout ratio is currently 83.08%.

Savaria Company Profile

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.