Cormark Equities Analysts Increase Earnings Estimates for Savaria Co. (SIS)
Savaria Co. (TSE:SIS) – Stock analysts at Cormark lifted their FY2018 earnings per share (EPS) estimates for shares of Savaria in a research note issued to investors on Thursday. Cormark analyst M. Macdougall now expects that the company will post earnings per share of $0.68 for the year, up from their prior estimate of $0.66. Cormark also issued estimates for Savaria’s FY2019 earnings at $0.86 EPS.
A number of other analysts have also weighed in on SIS. Desjardins restated a “buy” rating and set a C$16.50 target price on shares of Savaria in a research note on Wednesday, October 18th. National Bank Financial upped their target price on shares of Savaria from C$17.00 to C$18.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 15th.
Savaria (TSE SIS) traded up C$0.37 during mid-day trading on Friday, hitting C$17.65. 103,442 shares of the company were exchanged, compared to its average volume of 126,141. Savaria has a 12-month low of C$10.18 and a 12-month high of C$18.23.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Thursday, November 2nd were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, November 1st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.68%. Savaria’s payout ratio is 80.56%.
In related news, Director Peter Allen Drutz sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of C$17.81, for a total transaction of C$89,050.00. Insiders have sold 11,000 shares of company stock worth $192,880 over the last 90 days.
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Savaria Company Profile
Savaria Corporation operates in the accessibility industry in Canada, the United States, and internationally. The company operates in two segments, Accessibility and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes, and installs accessibility products, such as stairlifts for straight and curved stairs; vertical and inclined wheelchair lifts; elevators for home and commercial use; and patient lifts.
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