Savaria (TSE:SIS) Posts Earnings Results

Savaria (TSE:SIS) issued its quarterly earnings results on Wednesday. The company reported C$0.35 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$245.78 million for the quarter. Savaria had a net margin of 8.50% and a return on equity of 12.41%.

Savaria Price Performance

SIS opened at C$30.25 on Thursday. The company has a market capitalization of C$2.17 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 42.72 and a beta of 1.04. The company has a quick ratio of 0.91, a current ratio of 1.71 and a debt-to-equity ratio of 31.42. The firm has a 50-day moving average price of C$29.69 and a 200-day moving average price of C$27.78. Savaria has a twelve month low of C$20.10 and a twelve month high of C$31.95.

Wall Street Analysts Forecast Growth

Several analysts have commented on SIS shares. TD Securities raised shares of Savaria to a “strong-buy” rating in a research report on Friday, July 24th. Raymond James Financial increased their target price on shares of Savaria from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. National Bank Financial raised their price target on shares of Savaria from C$30.50 to C$37.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Scotia lifted their price target on shares of Savaria from C$30.00 to C$33.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 16th. Finally, Desjardins upped their price objective on Savaria from C$32.00 to C$35.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$33.33.

Insider Buying and Selling at Savaria

In other Savaria news, Director Jean-Louis Chapdelaine sold 25,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$27.73, for a total transaction of C$693,250.00. Following the sale, the director owned 100,000 shares of the company’s stock, valued at C$2,773,000. The trade was a 20.00% decrease in their position. Also, Director Marcel Bourassa sold 7,500 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of C$29.53, for a total value of C$221,475.00. Following the sale, the director owned 225,431 shares in the company, valued at approximately C$6,656,977.43. This represents a 3.22% decrease in their position. Over the last 90 days, insiders have sold 62,500 shares of company stock valued at $1,761,124. 17.45% of the stock is owned by corporate insiders.

About Savaria

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.