Cormark Analysts Lift Earnings Estimates for Savaria Co. (SIS)
Savaria Co. (TSE:SIS) – Equities researchers at Cormark upped their FY2018 earnings per share estimates for shares of Savaria in a research report issued to clients and investors on Tuesday. Cormark analyst M. Macdougall now anticipates that the company will post earnings per share of $0.62 for the year, up from their previous estimate of $0.61.
Separately, Laurentian dropped their target price on Savaria from C$18.50 to C$17.50 in a research report on Friday, August 11th.
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Shares of Savaria (SIS) traded down 3.11% during midday trading on Wednesday, hitting $14.01. 84,667 shares of the company’s stock traded hands. Savaria has a 52 week low of $9.65 and a 52 week high of $17.55. The company has a 50 day moving average of $13.93 and a 200 day moving average of $14.47. The stock has a market cap of $576.89 million and a P/E ratio of 40.26.
In other news, Director Robert Berthiaume sold 5,000 shares of the stock in a transaction on Friday, June 23rd. The stock was sold at an average price of C$16.16, for a total value of C$80,800.00.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be paid a $0.03 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.83%.
Savaria Corporation is a Canada-based company, which offers a range of stairlifts, platform lifts, and residential and commercial elevators. The Company operates through two segments: Accessibility and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes and installs accessibility products, such as stairlifts for both straight and curved stairs, vertical and inclined platform lifts and elevators for home and commercial use.
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