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

Savaria Co. (TSE:SIS) declared a monthly dividend on Monday, April 22nd, Zacks reports. Stockholders 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 dividend yield of 3.12%. The ex-dividend date is Monday, April 29th.

Savaria Stock Performance

TSE SIS opened at C$16.55 on Friday. Savaria has a fifty-two week low of C$12.21 and a fifty-two week high of C$17.70. The stock has a market cap of C$1.17 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 42.72 and a beta of 0.85. The business has a fifty day moving average of C$16.66 and a 200-day moving average of C$15.38. The company has a quick ratio of 0.91, a current ratio of 1.98 and a debt-to-equity ratio of 58.17.

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

Analyst Upgrades and Downgrades

SIS has been the subject of several analyst reports. Desjardins upped their target price on Savaria from C$22.50 to C$23.50 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Scotiabank upped their target price on Savaria from C$17.00 to C$21.50 and gave the company an “outperform” rating in a research note on Friday, March 8th. Cormark boosted their price target on Savaria from C$18.00 to C$21.00 in a research report on Friday, March 8th. Raymond James boosted their price target on Savaria from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Friday, March 8th. Finally, National Bankshares boosted their price target on Savaria from C$19.50 to C$20.50 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price 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.