FY2019 EPS Estimates for Savaria Co. Increased by Analyst (SIS)
Savaria Co. (TSE:SIS) – Equities researchers at Desjardins raised their FY2019 EPS estimates for shares of Savaria in a research note issued to investors on Tuesday, September 4th. Desjardins analyst F. Tremblay now forecasts that the company will earn $0.82 per share for the year, up from their previous forecast of $0.75.
Several other research firms have also issued reports on SIS. National Bank Financial increased their price target on shares of Savaria from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 11th. Cormark increased their price target on shares of Savaria from C$20.00 to C$21.00 in a research report on Wednesday.
The company also recently declared a monthly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 31st will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, August 30th. This represents a $0.36 annualized dividend and a dividend yield of 1.76%.
In related news, Director Peter Allen Drutz sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of C$19.79, for a total transaction of C$98,950.00.
Savaria Corporation designs, engineers, and manufactures products for personal mobility in Canada, the United States, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and the Span. The Accessibility segment manufactures and distributes residential and commercial accessibility equipment for people with mobility challenges; and operates network of franchisees and corporate stores.
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