Savaria Co. (TSE:SIS) – Research analysts at Cormark increased their FY2018 earnings per share (EPS) estimates for Savaria in a report released on Friday. Cormark analyst M. Macdougall now forecasts that the company will post earnings per share of $0.70 for the year, up from their prior estimate of $0.68. Cormark also issued estimates for Savaria’s FY2019 earnings at $0.89 EPS.
A number of other research firms also recently issued reports on SIS. National Bank Financial increased their price objective on Savaria from C$18.50 to C$20.00 and gave the stock an “outperform” rating in a report on Friday, March 9th. Desjardins raised their price target on Savaria from C$18.50 to C$20.00 in a research note on Monday, December 18th.
The business also recently declared a monthly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.36 dividend on an annualized basis and a yield of 1.96%. Savaria’s dividend payout ratio is 87.50%.
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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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