Savaria Co. Plans Monthly Dividend of $0.04 (TSE:SIS)

Savaria Co. (TSE:SIS) declared a monthly dividend on Monday, April 22nd, Zacks reports. Shareholders of record on Tuesday, April 30th will be paid a dividend of 0.043 per share on Friday, May 10th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Monday, April 29th.

Savaria Trading Down 0.7 %

Shares of TSE SIS opened at C$16.55 on Friday. Savaria has a 1-year low of C$12.21 and a 1-year high of C$17.70. The company has a market cap of C$1.17 billion, a PE ratio of 29.04, a P/E/G ratio of 42.72 and a beta of 0.85. The company has a current ratio of 1.98, a quick ratio of 0.91 and a debt-to-equity ratio of 58.17. The company has a 50-day moving average of C$16.66 and a two-hundred day moving average of C$15.39.

Savaria (TSE:SIS) last posted its quarterly earnings results on Wednesday, March 6th. The company reported C$0.19 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.01. The business had revenue of C$216.84 million during the quarter, compared to the consensus estimate of C$214.78 million. Savaria had a net margin of 4.52% and a return on equity of 7.55%. As a group, equities analysts expect that Savaria will post 0.7945271 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SIS shares. Cormark boosted their price target on shares of Savaria from C$18.00 to C$21.00 in a research note on Friday, March 8th. Stifel Nicolaus dropped their price target on shares of Savaria from C$25.00 to C$23.00 and set a “buy” rating for the company in a research note on Friday, March 8th. Desjardins boosted their price target on shares of Savaria from C$22.50 to C$23.50 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Scotiabank boosted their price objective on shares of Savaria from C$17.00 to C$21.50 and gave the company an “outperform” rating in a report on Friday, March 8th. Finally, TD Securities boosted their price objective on shares of Savaria from C$21.00 to C$23.00 and gave the company a “buy” rating in a report on Friday, April 12th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$21.64.

About Savaria

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.