Savaria (TSE:SIS) Posts Quarterly Earnings Results

Savaria (TSE:SIS) announced its quarterly earnings data on Wednesday. The company reported C$0.31 earnings per share for the quarter, FiscalAI reports. Savaria had a net margin of 7.53% and a return on equity of 11.10%. The firm had revenue of C$235.55 million for the quarter.

Savaria Trading Up 0.2%

SIS opened at C$29.61 on Thursday. The company has a debt-to-equity ratio of 32.13, a current ratio of 1.61 and a quick ratio of 0.91. Savaria has a fifty-two week low of C$17.78 and a fifty-two week high of C$30.62. The firm has a market capitalization of C$2.13 billion, a PE ratio of 30.84, a P/E/G ratio of 42.72 and a beta of 0.97. The company’s 50-day moving average is C$27.22 and its 200 day moving average is C$24.51.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SIS shares. Stifel Nicolaus upped their price objective on shares of Savaria from C$29.00 to C$31.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. TD Securities upped their price objective on shares of Savaria from C$27.00 to C$31.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Desjardins upped their price objective on shares of Savaria from C$32.00 to C$35.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Raymond James Financial upped their price objective on shares of Savaria from C$32.00 to C$33.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. Finally, TD upped their price objective on shares of Savaria from C$31.00 to C$35.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$33.33.

Insider Buying and Selling at Savaria

In other Savaria news, insider Jean-Philippe De Montigny bought 2,420 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average price of C$25.50 per share, for a total transaction of C$61,710.00. Following the acquisition, the insider directly owned 92,260 shares of the company’s stock, valued at approximately C$2,352,630. The trade was a 2.69% increase in their position. 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.