National Bank Financial Comments on Savaria Co.’s FY2018 Earnings (SIS)
Savaria Co. (TSE:SIS) – Equities researchers at National Bank Financial reduced their FY2018 earnings per share estimates for shares of Savaria in a note issued to investors on Wednesday, November 14th. National Bank Financial analyst L. Aghazarian now expects that the company will post earnings of $0.46 per share for the year, down from their previous forecast of $0.59. National Bank Financial has a “Sector Perform” rating and a $17.00 price target on the stock. National Bank Financial also issued estimates for Savaria’s Q4 2018 earnings at $0.12 EPS.
Savaria (TSE:SIS) last announced its earnings results on Wednesday, November 14th. The company reported C$0.06 EPS for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.11). The business had revenue of C$72.09 million during the quarter, compared to analyst estimates of C$77.45 million.
Shares of Savaria stock opened at C$14.01 on Friday. Savaria has a 12 month low of C$12.95 and a 12 month high of C$20.95. The company has a debt-to-equity ratio of 31.09, a current ratio of 4.13 and a quick ratio of 2.80.
The company also recently announced a monthly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Wednesday, October 31st were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.00%. Savaria’s payout ratio is currently 57.12%.
In related news, Director Alain Tremblay sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of C$20.84, for a total value of C$41,680.00. Also, Director Sylvain Dumoulin sold 5,000 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of C$20.60, for a total value of C$103,000.00. In the last ninety days, insiders sold 12,000 shares of company stock valued at $243,630.
Savaria Company Profile
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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