Savaria Co. Announces Monthly Dividend of $0.04 (TSE:SIS)

Savaria Co. (TSE:SIS) announced a monthly dividend on Monday, April 22nd, Zacks reports. Investors of record on Tuesday, April 30th will be paid a dividend of 0.043 per share on Friday, May 10th. This represents a $0.52 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Monday, April 29th.

Savaria Stock Performance

Savaria stock opened at C$16.74 on Tuesday. The firm has a 50 day simple moving average of C$16.65 and a 200-day simple moving average of C$15.32. Savaria has a 1-year low of C$12.21 and a 1-year high of C$17.70. The company has a debt-to-equity ratio of 58.17, a current ratio of 1.98 and a quick ratio of 0.91. The stock has a market cap of C$1.19 billion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 42.72 and a beta of 0.85.

Savaria (TSE:SIS) last posted its quarterly earnings results on Wednesday, March 6th. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.01. Savaria had a net margin of 4.52% and a return on equity of 7.55%. The business had revenue of C$216.84 million during the quarter, compared to analysts’ expectations of C$214.78 million. On average, analysts expect that Savaria will post 0.7945271 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Scotiabank increased their price target on shares of Savaria from C$17.00 to C$21.50 and gave the company an “outperform” rating in a research note on Friday, March 8th. Cormark increased their price target on shares of Savaria from C$18.00 to C$21.00 in a research note on Friday, March 8th. TD Securities upped their price objective on shares of Savaria from C$21.00 to C$23.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Stifel Nicolaus decreased their price objective on shares of Savaria from C$25.00 to C$23.00 and set a “buy” rating on the stock in a report on Friday, March 8th. Finally, Raymond James upped their price objective on shares of Savaria from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Friday, March 8th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Savaria currently has a consensus rating of “Buy” and an average target price of C$21.64.

About Savaria

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.