FY2018 EPS Estimates for Savaria Co. Lowered by Analyst (SIS)
Savaria Co. (TSE:SIS) – Equities researchers at National Bank Financial cut their FY2018 EPS estimates for shares of Savaria in a research note issued to investors on Monday. National Bank Financial analyst L. Aghazarian now forecasts that the company will earn $0.66 per share for the year, down from their previous forecast of $0.67.
Separately, Laurentian decreased their price target on shares of Savaria from C$18.50 to C$17.50 in a research note on Friday, August 11th.
Savaria (TSE:SIS) traded up 2.78% on Thursday, reaching $14.40. 40,132 shares of the company traded hands. The company has a market capitalization of $592.95 million and a PE ratio of 41.38. Savaria has a one year low of $9.80 and a one year high of $17.55. The stock’s 50 day moving average price is $13.87 and its 200 day moving average price is $14.49.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be paid a $0.03 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.86%.
In related news, Director Robert Berthiaume sold 3,600 shares of the stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of C$16.50, for a total value of C$59,400.00.
Savaria Company Profile
Savaria Corporation is a Canada-based company, which offers a range of stairlifts, platform lifts, and residential and commercial elevators. The Company operates through two segments: Accessibility and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes and installs accessibility products, such as stairlifts for both straight and curved stairs, vertical and inclined platform lifts and elevators for home and commercial use.
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