What is Scotiabank’s Estimate for Savaria FY2024 Earnings?

Savaria Co. (TSE:SISFree Report) – Equities researchers at Scotiabank issued their FY2024 earnings estimates for shares of Savaria in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst J. Goldman forecasts that the company will post earnings per share of $0.99 for the year. Scotiabank has a “Outperform” rating and a $25.00 price target on the stock. The consensus estimate for Savaria’s current full-year earnings is $1.20 per share. Scotiabank also issued estimates for Savaria’s FY2025 earnings at $1.26 EPS.

A number of other equities analysts have also commented on the company. National Bankshares lifted their price objective on Savaria from C$22.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Cormark lowered shares of Savaria from a “buy” rating to a “market perform” rating in a research note on Monday, November 11th. Finally, Desjardins lifted their target price on shares of Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Savaria has a consensus rating of “Moderate Buy” and an average price target of C$25.50.

Get Our Latest Analysis on SIS

Savaria Stock Performance

TSE SIS opened at C$19.21 on Monday. The company has a market capitalization of C$1.37 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 42.72 and a beta of 0.90. The company has a quick ratio of 0.91, a current ratio of 1.94 and a debt-to-equity ratio of 56.50. Savaria has a twelve month low of C$14.75 and a twelve month high of C$23.92. The stock has a fifty day simple moving average of C$21.04 and a 200 day simple moving average of C$20.56.

Insider Transactions at Savaria

In other Savaria news, Senior Officer Jean-Philippe De Montigny purchased 19,545 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average cost of C$22.96 per share, for a total transaction of C$448,753.20. Company insiders own 17.45% of the company’s stock.

Savaria Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Thursday, October 31st. Savaria’s dividend payout ratio is 83.08%.

Savaria Company Profile

(Get Free Report)

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in two segments, Accessibility and Patient Care. The Accessibility segment designs, manufactures, distributes, and installs a portfolio of accessibility products, including commercial and home elevators, stairlifts, platform lifts, and wheelchair lowered-floor accessible conversions for selected brands of minivans, personal, residential, or commercial applications.

See Also

Earnings History and Estimates for Savaria (TSE:SIS)

Receive News & Ratings for Savaria Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Savaria and related companies with MarketBeat.com's FREE daily email newsletter.