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

Savaria Co. (TSE:SIS) declared a monthly dividend on Monday, April 22nd, Zacks reports. Shareholders 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 Price Performance

Shares of TSE SIS opened at C$16.74 on Tuesday. Savaria has a fifty-two week low of C$12.21 and a fifty-two week high of C$17.70. The business has a fifty day moving average price of C$16.65 and a two-hundred day moving average price of C$15.32. 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 capitalization of C$1.19 billion, a PE ratio of 29.37, a P/E/G ratio of 42.72 and a beta of 0.85.

Savaria (TSE:SIS) last issued its quarterly earnings results on Wednesday, March 6th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.18 by C$0.01. Savaria had a return on equity of 7.55% and a net margin of 4.52%. The company had revenue of C$216.84 million for the quarter, compared to analyst estimates of C$214.78 million. As a group, equities analysts predict that Savaria will post 0.7945271 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SIS shares. Scotiabank lifted their price target on Savaria from C$17.00 to C$21.50 and gave the company an “outperform” rating in a research note on Friday, March 8th. Raymond James lifted their price target on Savaria from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research note on Friday, March 8th. Cormark boosted their price objective on Savaria from C$18.00 to C$21.00 in a research report on Friday, March 8th. Stifel Nicolaus reduced their price objective on Savaria from C$25.00 to C$23.00 and set a “buy” rating on the stock in a research report on Friday, March 8th. Finally, National Bankshares boosted their price objective on Savaria from C$19.50 to C$20.50 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$21.64.

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.