Savaria (TSE:SIS) Posts Quarterly Earnings Results

by · The Markets Daily

Savaria (TSE:SIS – Get Free Report) posted its earnings results on Wednesday. The company reported C$0.32 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$245.03 million during the quarter. Savaria had a return on equity of 13.41% and a net margin of 9.27%.

Savaria Price Performance

Shares of TSE:SIS traded up C$1.04 during trading on Wednesday, reaching C$31.00. 217,282 shares of the company traded hands, compared to its average volume of 199,437. The company’s 50 day moving average is C$29.03 and its two-hundred day moving average is C$28.18. The company has a quick ratio of 0.91, a current ratio of 1.72 and a debt-to-equity ratio of 29.43. Savaria has a 52 week low of C$20.72 and a 52 week high of C$31.95. The firm has a market capitalization of C$2.24 billion, a PE ratio of 25.62, a PEG ratio of 42.72 and a beta of 0.58.

Insiders Place Their Bets

In other news, Director Jean-Louis Chapdelaine sold 14,898 shares of Savaria stock in a transaction on Friday, August 7th. The shares were sold at an average price of C$30.24, for a total value of C$450,515.52. Following the completion of the sale, the director owned 100,000 shares in the company, valued at C$3,024,000. The trade was a 12.97% decrease in their position. Also, Director Les Teague sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of C$29.52, for a total value of C$147,600.00. In the last three months, insiders have sold 74,511 shares of company stock valued at $2,239,313. 17.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SIS has been the subject of several recent research reports. ATB Cormark Capital Markets increased their target price on shares of Savaria from C$35.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. TD lifted their price target on shares of Savaria from C$35.00 to C$37.00 and gave the company a “buy” rating in a report on Friday, August 7th. Ventum Financial set a C$34.50 price target on Savaria and gave the stock a “buy” rating in a research report on Thursday, September 10th. Desjardins increased their price target on shares of Savaria from C$36.00 to C$39.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, TD Securities upgraded shares of Savaria to a “strong-buy” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat, Savaria currently has a consensus rating of “Buy” and an average target price of C$34.35.

View Our Latest Report on SIS

Savaria Company Profile

(Get Free Report)

Savaria Corporation ( savaria.com ) is a global leader in the accessibility industry. It provides accessibility solutions for the physically challenged to increase their comfort, their mobility and their independence. Its product line is one of the most comprehensive on the market. Savaria designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts and elevators for home and commercial use. It also manufactures and markets a comprehensive selection of pressure management products for the medical market, medical beds for the long-term care market, as well as an extensive line of medical equipment and solutions for the safe handling of patients, including ceiling lifts and slings.

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