Savaria (TSE:SIS) Issues Earnings Results

Savaria (TSE:SIS) announced its earnings results on Wednesday, May 6th. The company reported C$0.31 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$235.55 million during the quarter. Savaria had a net margin of 8.50% and a return on equity of 12.41%.

Savaria Stock Performance

TSE:SIS opened at C$29.64 on Thursday. The company has a current ratio of 1.71, a quick ratio of 0.91 and a debt-to-equity ratio of 31.42. The firm has a market capitalization of C$2.13 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 42.72 and a beta of 1.06. The firm’s fifty day simple moving average is C$28.91 and its 200 day simple moving average is C$26.48. Savaria has a twelve month low of C$19.25 and a twelve month high of C$30.62.

Insider Buying and Selling

In other Savaria news, Director Jean-Louis Chapdelaine sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of C$27.73, for a total value of C$693,250.00. Following the transaction, the director directly owned 100,000 shares of the company’s stock, valued at C$2,773,000. This represents 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 shares were sold at an average price of C$29.53, for a total transaction of C$221,475.00. Following the transaction, the director owned 225,431 shares in the company, valued at C$6,656,977.43. This trade represents a 3.22% decrease in their ownership of the stock. In the last ninety days, insiders have sold 62,500 shares of company stock worth $1,761,124. Company insiders own 17.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SIS shares. TD raised their price target on Savaria from C$31.00 to C$35.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Scotia increased 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 research note on Thursday, April 16th. Stifel Nicolaus boosted their price target on Savaria from C$29.00 to C$31.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Desjardins raised their price objective on Savaria from C$32.00 to C$35.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Finally, Raymond James Financial boosted their target price on Savaria from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$33.33.

Savaria Company Profile

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.