Cormark Comments on Savaria Co.’s FY2018 Earnings (SIS)
Savaria Co. (TSE:SIS) – Stock analysts at Cormark decreased their FY2018 earnings per share estimates for shares of Savaria in a research note issued to investors on Thursday, September 20th. Cormark analyst M. Macdougall now expects that the company will post earnings per share of $0.53 for the year, down from their prior forecast of $0.57. Cormark also issued estimates for Savaria’s FY2019 earnings at $0.79 EPS.
Savaria (TSE:SIS) last posted its quarterly earnings results on Wednesday, August 8th. The company reported C$0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.12 by C$0.02. Savaria had a return on equity of 14.53% and a net margin of 8.58%. The business had revenue of C$64.24 million for the quarter, compared to analyst estimates of C$66.15 million.
TSE:SIS opened at C$20.01 on Monday. Savaria has a 12-month low of C$13.63 and a 12-month high of C$20.95.
In related news, Director Sylvain Dumoulin sold 5,000 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of C$20.60, for a total transaction of C$103,000.00. Insiders have sold a total of 10,100 shares of company stock worth $203,765 in the last ninety days.
The business also recently declared a monthly dividend, which will be paid on Tuesday, October 16th. Stockholders of record on Tuesday, October 2nd will be given a $0.035 dividend. This is a positive change from Savaria’s previous monthly dividend of $0.03. This represents a $0.42 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Monday, October 1st.
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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