National Bank Financial Weighs in on Savaria Co.’s FY2017 Earnings (SIS)

Savaria Co. (TSE:SIS) – National Bank Financial lowered their FY2017 earnings estimates for Savaria in a note issued to investors on Wednesday. National Bank Financial analyst L. Aghazarian now forecasts that the company will post earnings per share of $0.38 for the year, down from their prior estimate of $0.42. National Bank Financial also issued estimates for Savaria’s Q4 2017 earnings at $0.11 EPS and FY2018 earnings at $0.52 EPS.

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SIS has been the subject of several other reports. Desjardins reaffirmed a “buy” rating and set a C$16.50 target price on shares of Savaria in a research report on Wednesday, October 18th. Laurentian lowered their target price on Savaria from C$18.50 to C$17.50 in a research report on Friday, August 11th.

Savaria (TSE:SIS) opened at C$15.13 on Friday. Savaria has a 12-month low of C$9.85 and a 12-month high of C$17.55.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Thursday, November 2nd will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.79%. The ex-dividend date is Wednesday, November 1st. Savaria’s dividend payout ratio is currently 70.00%.

About Savaria

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.

Earnings History and Estimates for Savaria (TSE:SIS)

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