Savaria Co. (TSE:SIS) – Stock analysts at National Bank Financial upped their Q3 2018 earnings per share estimates for shares of Savaria in a research note issued on Thursday, September 20th. National Bank Financial analyst L. Aghazarian now forecasts that the company will post earnings of $0.19 per share for the quarter, up from their previous estimate of $0.17. National Bank Financial has a “Sector Perform” rating and a $21.00 price objective on the stock. National Bank Financial also issued estimates for Savaria’s Q4 2018 earnings at $0.14 EPS and FY2019 earnings at $0.84 EPS.
Several other research firms have also weighed in on SIS. Desjardins boosted their target price on shares of Savaria from C$20.00 to C$22.00 in a report on Wednesday, July 11th. Cormark boosted their target price on shares of Savaria from C$20.00 to C$21.00 in a report on Wednesday, September 5th.
Savaria (TSE:SIS) last posted its earnings results on Wednesday, August 8th. The company reported C$0.14 earnings per share for the quarter, beating the consensus estimate of C$0.12 by C$0.02. The company had revenue of C$64.24 million for the quarter, compared to analyst estimates of C$66.15 million. Savaria had a net margin of 8.58% and a return on equity of 14.53%.
In other Savaria news, Director Sylvain Dumoulin sold 5,000 shares of the business’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of C$20.60, for a total value of C$103,000.00. Insiders sold a total of 10,100 shares of company stock worth $203,765 over the last quarter.
The company also recently announced a monthly dividend, which will be paid on Tuesday, October 16th. Shareholders of record on Tuesday, October 2nd will be issued a $0.035 dividend. This represents a $0.42 annualized dividend and a yield of 2.10%. This is a positive change from Savaria’s previous monthly dividend of $0.03. The ex-dividend date is Monday, October 1st.
Savaria Corporation designs, engineers, and manufactures products for personal mobility in Canada, the United States, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and the Span. The Accessibility segment manufactures and distributes residential and commercial accessibility equipment for people with mobility challenges; and operates network of franchisees and corporate stores.
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