Savaria Co. (SIS) to Post FY2018 Earnings of $0.68 Per Share, Cormark Forecasts
Savaria Co. (TSE:SIS) – Equities researchers at Cormark boosted their FY2018 earnings per share estimates for shares of Savaria in a research note issued to investors on Thursday. Cormark analyst M. Macdougall now expects that the company will post earnings of $0.68 per share for the year, up from their previous estimate of $0.66. Cormark also issued estimates for Savaria’s FY2019 earnings at $0.86 EPS.
A number of other equities research analysts have also commented on the company. Desjardins upped their price target on Savaria from C$17.50 to C$18.50 in a research report on Thursday, November 16th. National Bank Financial upped their price target on Savaria from C$17.00 to C$18.50 and gave the company an “outperform” rating in a research report on Wednesday, November 15th.
In related news, Director Jean-Louis Chapdelaine sold 5,000 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of C$17.20, for a total transaction of C$86,000.00. In the last 90 days, insiders have sold 11,000 shares of company stock worth $192,880.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Thursday, November 2nd were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, November 1st. This represents a $0.12 annualized dividend and a dividend yield of 0.69%. Savaria’s payout ratio is 80.56%.
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Savaria Company Profile
Savaria Corporation operates in the accessibility industry in Canada, the United States, and internationally. The company operates in two segments, Accessibility and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes, and installs accessibility products, such as stairlifts for straight and curved stairs; vertical and inclined wheelchair lifts; elevators for home and commercial use; and patient lifts.
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