Savaria Co. (TSE:SIS) Declares $0.04 Monthly Dividend

Savaria Co. (TSE:SIS) declared a monthly dividend on Monday, April 22nd, Zacks reports. Investors of record on Tuesday, April 30th will be given a dividend of 0.043 per share on Friday, May 10th. This represents a $0.52 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Monday, April 29th.

Savaria Stock Performance

Savaria stock opened at C$17.00 on Wednesday. Savaria has a 12-month low of C$12.21 and a 12-month high of C$17.70. The company has a quick ratio of 0.91, a current ratio of 1.98 and a debt-to-equity ratio of 58.17. The business’s 50-day moving average price is C$16.66 and its two-hundred day moving average price is C$15.34. The stock has a market cap of C$1.21 billion, a PE ratio of 29.82, a P/E/G ratio of 42.72 and a beta of 0.85.

Savaria (TSE:SIS) last released its earnings results on Wednesday, March 6th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.01. Savaria had a return on equity of 7.55% and a net margin of 4.52%. The firm had revenue of C$216.84 million for the quarter, compared to analysts’ expectations of C$214.78 million. As a group, analysts expect that Savaria will post 0.7945271 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on SIS. Desjardins boosted their price target on Savaria from C$22.50 to C$23.50 and gave the stock a “buy” rating in a report on Wednesday, April 10th. TD Securities lifted their price objective on Savaria from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Cormark lifted their price objective on Savaria from C$18.00 to C$21.00 in a research note on Friday, March 8th. Raymond James lifted their price objective on Savaria from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Friday, March 8th. Finally, Stifel Nicolaus cut their price objective on Savaria from C$25.00 to C$23.00 and set a “buy” rating on the stock in a research note on Friday, March 8th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$21.64.

About Savaria

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in two segments, Accessibility and Patient Care. The Accessibility segment designs, manufactures, distributes, and installs a portfolio of accessibility products, including commercial and home elevators, stairlifts, platform lifts, and wheelchair lowered-floor accessible conversions for selected brands of minivans, personal, residential, or commercial applications.