Scotiabank Issues Pessimistic Forecast for Savaria Earnings

Savaria Co. (TSE:SISFree Report) – Equities research analysts at Scotiabank reduced their FY2027 EPS estimates for shares of Savaria in a research report issued on Thursday, May 14th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $1.48 per share for the year, down from their prior estimate of $1.51. Scotiabank has a “Outperform” rating and a $30.00 price objective on the stock. The consensus estimate for Savaria’s current full-year earnings is $1.20 per share.

Savaria (TSE:SISGet Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.31 EPS for the quarter. Savaria had a net margin of 8.50% and a return on equity of 12.41%. The business had revenue of C$235.55 million during the quarter.

A number of other analysts also recently issued reports on the company. Raymond James Financial lifted their price objective on Savaria from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. TD raised their target price on shares of Savaria from C$31.00 to C$35.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. TD Securities upped their price target on shares of Savaria from C$27.00 to C$31.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. ATB Cormark Capital Markets increased their price objective on shares of Savaria from C$32.00 to C$35.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. Finally, Stifel Nicolaus lifted their price objective on shares of Savaria from C$29.00 to C$31.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$33.33.

View Our Latest Research Report on Savaria

Savaria Price Performance

TSE:SIS opened at C$27.60 on Friday. The business’s 50-day moving average is C$27.54 and its 200 day moving average is C$24.78. Savaria has a 12 month low of C$18.71 and a 12 month high of C$30.62. The company has a market capitalization of C$1.98 billion, a P/E ratio of 25.09, a P/E/G ratio of 42.72 and a beta of 0.97. The company has a current ratio of 1.71, a quick ratio of 0.91 and a debt-to-equity ratio of 31.42.

Insider Activity at Savaria

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

Savaria Company Profile

(Get Free Report)

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.

Further Reading

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