Savaria (TSE:SIS) Issues Quarterly Earnings Results

Savaria (TSE:SIS) announced its quarterly earnings results on Wednesday. The company reported C$0.32 earnings per share (EPS) for the quarter, FiscalAI reports. Savaria had a net margin of 9.27% and a return on equity of 13.41%. The business had revenue of C$245.03 million for the quarter.

Savaria Stock Performance

Savaria stock opened at C$31.00 on Thursday. The stock’s 50 day simple moving average is C$29.08 and its two-hundred day simple moving average is C$28.21. The company has a debt-to-equity ratio of 29.43, a quick ratio of 0.91 and a current ratio of 1.72. The stock has a market cap of C$2.24 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 42.72 and a beta of 0.58. Savaria has a fifty-two week low of C$20.72 and a fifty-two week high of C$31.95.

Insiders Place Their Bets

In other news, Director Jean-Louis Chapdelaine sold 14,898 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of C$30.24, for a total value of C$450,515.52. Following the completion of the transaction, the director owned 100,000 shares in the company, valued at C$3,024,000. This trade represents a 12.97% decrease in their position. Also, Director Les Teague sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of C$29.52, for a total value of C$147,600.00. In the last quarter, insiders have sold 74,511 shares of company stock worth $2,239,313. Company insiders own 17.45% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. ATB Cormark Capital Markets upped their price objective on shares of Savaria from C$35.00 to C$38.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Ventum Financial set a C$34.50 target price on Savaria and gave the stock a “buy” rating in a research note on Thursday, September 10th. Desjardins boosted their price target on Savaria from C$36.00 to C$39.00 and gave the company a “buy” rating in a report on Friday, August 7th. TD upped their price target on Savaria from C$35.00 to C$37.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, TD Securities raised Savaria to a “strong-buy” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to MarketBeat, Savaria currently has a consensus rating of “Buy” and a consensus target price of C$34.35.

About Savaria

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.