FY2024 Earnings Forecast for Savaria Issued By Desjardins

Savaria Co. (TSE:SIS) – Analysts at Desjardins reduced their FY2024 EPS estimates for Savaria in a research note issued to investors on Monday, October 21st. Desjardins analyst F. Tremblay now anticipates that the company will post earnings of $0.69 per share for the year, down from their prior forecast of $0.70. Desjardins currently has a “Buy” rating and a $26.00 target price 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 Q4 2024 earnings at $0.19 EPS.

A number of other equities analysts have also weighed in on the stock. National Bankshares boosted their price target 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. TD Securities increased their price target on Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Stifel Nicolaus boosted their price objective on Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Raymond James raised their target price 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. Finally, Scotiabank set a C$25.00 price objective on shares of Savaria and gave the company an “outperform” rating in a report on Thursday, September 26th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Savaria presently has a consensus rating of “Buy” and an average target price of C$25.50.

Savaria Price Performance

The business’s 50-day simple moving average is C$21.21 and its two-hundred day simple moving average is C$19.00. The stock has a market capitalization of C$1.61 billion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The company has a debt-to-equity ratio of 56.50, a current ratio of 1.94 and a quick ratio of 0.91. Savaria has a 1-year low of C$12.21 and a 1-year high of C$23.92.

Savaria (TSE:SIS) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.22 earnings per share (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 firm had revenue of C$221.34 million for the quarter, compared to analyst estimates of C$213.08 million.

Insider Buying and Selling at Savaria

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

Savaria Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.045 per share. This represents a $0.54 annualized dividend and a yield of ?. The ex-dividend date is Thursday, October 31st. Savaria’s dividend payout ratio (DPR) is presently 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.