Savaria Co. (TSE:SIS) – Equities researchers at National Bank Financial decreased their Q2 2019 earnings per share (EPS) estimates for shares of Savaria in a research note issued to investors on Thursday, May 16th. National Bank Financial analyst Z. Evershed now anticipates that the company will earn $0.12 per share for the quarter, down from their prior forecast of $0.14. National Bank Financial currently has a “Outperform” rating and a $17.00 target price on the stock. National Bank Financial also issued estimates for Savaria’s Q3 2019 earnings at $0.11 EPS, Q4 2019 earnings at $0.11 EPS, FY2019 earnings at $0.43 EPS and FY2020 earnings at $0.53 EPS.
Savaria (TSE:SIS) last released its quarterly earnings results on Wednesday, May 15th. The company reported C$0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.09. The business had revenue of C$87.48 million during the quarter, compared to analyst estimates of C$85.35 million.
A number of other equities research analysts also recently weighed in on the stock. Desjardins dropped their price target on shares of Savaria from C$20.00 to C$16.00 in a research report on Thursday, February 21st. Laurentian dropped their price target on shares of Savaria from C$20.00 to C$16.50 in a research report on Thursday, February 21st. Finally, Eight Capital set a C$15.00 price target on shares of Savaria in a research report on Tuesday, May 14th.
TSE SIS opened at C$13.53 on Monday. The company has a debt-to-equity ratio of 51.40, a current ratio of 1.99 and a quick ratio of 0.91. Savaria has a 1-year low of C$11.41 and a 1-year high of C$20.95. The company has a market capitalization of $676.64 million and a PE ratio of 33.83.
In other news, Director Jean-Louis Chapdelaine sold 25,000 shares of Savaria stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of C$13.27, for a total value of C$331,747.50. Following the completion of the sale, the director now directly owns 125,000 shares in the company, valued at C$1,658,737.50.
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.