Savaria Co. (TSE:SIS) – Equities research analysts at Desjardins cut their FY2018 earnings estimates for Savaria in a note issued to investors on Thursday, November 15th, Zacks Investment Research reports. Desjardins analyst F. Tremblay now anticipates that the company will post earnings per share of $0.46 for the year, down from their previous forecast of $0.56. Desjardins also issued estimates for Savaria’s FY2019 earnings at $0.76 EPS.

Savaria (TSE:SIS) last issued its quarterly earnings results on Wednesday, November 14th. The company reported C$0.06 EPS for the quarter, missing the consensus estimate of C$0.17 by C($0.11). The company had revenue of C$72.09 million for the quarter, compared to the consensus estimate of C$77.45 million.

Other equities research analysts have also issued research reports about the stock. National Bank Financial lowered shares of Savaria from an “outperform” rating to a “sector perform” rating and set a C$21.00 target price for the company. in a report on Friday, September 21st. Cormark upped their target price on shares of Savaria from C$20.00 to C$21.00 in a report on Wednesday, September 5th. Finally, Laurentian dropped their target price on shares of Savaria from C$23.00 to C$20.00 in a report on Thursday, November 15th.

TSE SIS traded down C$0.20 on Friday, hitting C$13.01. The company had a trading volume of 141,300 shares, compared to its average volume of 126,238. The company has a debt-to-equity ratio of 49.65, a current ratio of 2.06 and a quick ratio of 0.94. Savaria has a 12-month low of C$12.64 and a 12-month high of C$20.95.

In other news, Director Sylvain Dumoulin sold 5,000 shares of the business’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of C$20.60, for a total transaction of C$103,000.00. Also, Director James Ferguson purchased 2,000 shares of the stock in a transaction dated Tuesday, November 20th. The shares were purchased at an average cost of C$13.57 per share, for a total transaction of C$27,140.00. Insiders have bought 72,700 shares of company stock valued at $981,541 in the last ninety days.

The firm also recently announced a monthly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, November 29th. Savaria’s payout ratio is 86.96%.

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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Earnings History and Estimates for Savaria (TSE:SIS)

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