Savaria (TSE:SIS) Posts Earnings Results

Savaria (TSE:SIS) posted its quarterly earnings results on Wednesday. The company reported C$0.31 earnings per share for the quarter, FiscalAI reports. Savaria had a net margin of 7.53% and a return on equity of 11.10%. The business had revenue of C$235.55 million during the quarter.

Savaria Stock Down 2.9%

Shares of TSE:SIS opened at C$28.74 on Friday. The stock’s 50-day moving average is C$27.28 and its 200 day moving average is C$24.56. The company has a market cap of C$2.07 billion, a PE ratio of 29.94, a P/E/G ratio of 42.72 and a beta of 0.97. The company has a debt-to-equity ratio of 32.13, a current ratio of 1.61 and a quick ratio of 0.91. Savaria has a 1 year low of C$18.71 and a 1 year high of C$30.62.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SIS. Scotia boosted their target price on Savaria from C$30.00 to C$33.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 16th. Desjardins raised their price target on Savaria from C$32.00 to C$35.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. ATB Cormark Capital Markets lifted their price target on Savaria from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Raymond James Financial boosted their price objective on Savaria from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. Finally, Scotiabank increased their price objective on Savaria from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$33.33.

Insider Buying and Selling at Savaria

In other Savaria news, insider Jean-Philippe De Montigny bought 2,420 shares of Savaria stock in a transaction dated Friday, March 20th. The shares were purchased at an average cost of C$25.50 per share, with a total value of C$61,710.00. Following the completion of the purchase, the insider owned 92,260 shares of the company’s stock, valued at approximately C$2,352,630. This represents a 2.69% increase in their ownership of the stock. Corporate insiders own 17.45% of the company’s stock.

Savaria Company Profile

Savaria Corporation ( savaria.com ) is a global leader in the accessibility industry. It provides accessibility solutions for the physically challenged to increase their comfort, their mobility and their independence. Its product line is one of the most comprehensive on the market. Savaria designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts and elevators for home and commercial use. It also manufactures and markets a comprehensive selection of pressure management products for the medical market, medical beds for the long-term care market, as well as an extensive line of medical equipment and solutions for the safe handling of patients, including ceiling lifts and slings.