Savaria Co. Forecasted to Earn FY2018 Earnings of $0.66 Per Share (SIS)

Savaria Co. (TSE:SIS) – Research analysts at National Bank Financial cut their FY2018 EPS estimates for Savaria in a note issued to investors on Monday. National Bank Financial analyst L. Aghazarian now forecasts that the company will post earnings of $0.66 per share for the year, down from their prior forecast of $0.67.

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Separately, Laurentian decreased their target price on Savaria from C$18.50 to C$17.50 in a research report on Friday, August 11th.

Savaria (SIS) opened at 14.04 on Thursday. Savaria has a 12 month low of $9.85 and a 12 month high of $17.55. The stock has a market cap of $578.13 million and a PE ratio of 40.34. The company’s 50 day moving average price is $13.82 and its 200 day moving average price is $14.52.

In related news, Director Robert Berthiaume sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of C$16.16, for a total transaction of C$80,800.00.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Friday, September 29th.

About Savaria

Savaria Corporation is a Canada-based company, which offers a range of stairlifts, platform lifts, and residential and commercial elevators. The Company operates through two segments: Accessibility and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes and installs accessibility products, such as stairlifts for both straight and curved stairs, vertical and inclined platform lifts and elevators for home and commercial use.

Earnings History and Estimates for Savaria (TSE:SIS)

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