Savaria (TSE:SIS – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported C$0.35 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$245.78 million during the quarter. Savaria had a return on equity of 12.41% and a net margin of 8.50%.
Savaria Stock Performance
Shares of SIS stock traded up C$0.46 during trading hours on Wednesday, hitting C$30.25. The stock had a trading volume of 652,790 shares, compared to its average volume of 176,302. The company has a debt-to-equity ratio of 31.42, a current ratio of 1.71 and a quick ratio of 0.91. The firm has a market capitalization of C$2.17 billion, a PE ratio of 27.50, a PEG ratio of 42.72 and a beta of 1.04. The stock’s 50 day moving average is C$29.66 and its 200 day moving average is C$27.74. Savaria has a twelve month low of C$20.10 and a twelve month high of C$31.95.
Analyst Ratings Changes
SIS has been the topic of several research analyst reports. TD raised their target price on Savaria from C$31.00 to C$35.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Raymond James Financial upped their price target on Savaria from C$32.00 to C$33.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. Scotia increased their price target on shares of 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. Stifel Nicolaus boosted 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 report on Wednesday, April 8th. Finally, National Bank Financial upped their target price on shares of Savaria from C$30.50 to C$37.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$33.33.
Insider Buying and Selling at Savaria
In other news, Director Peter Allen Drutz sold 9,736 shares of the company’s stock in a transaction dated Saturday, June 6th. The shares were sold at an average price of C$29.00, for a total value of C$282,344.00. Following the completion of the sale, the director directly owned 95,251 shares of the company’s stock, valued at approximately C$2,762,279. This represents a 9.27% decrease in their ownership of the stock. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of C$27.73, for a total value of C$693,250.00. Following the sale, the director directly owned 100,000 shares of the company’s stock, valued at approximately C$2,773,000. This represents a 20.00% decrease in their ownership of the stock. Insiders have sold 62,500 shares of company stock worth $1,761,124 in the last 90 days. Company 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.
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