Savaria Co. (TSE:SIS) – Research analysts at Desjardins issued their Q2 2019 earnings estimates for Savaria in a research report issued to clients and investors on Thursday, March 28th, according to Zacks Investment Research. Desjardins analyst F. Tremblay anticipates that the company will post earnings per share of $0.16 for the quarter. Desjardins has a “Buy” rating and a $17.50 price objective on the stock. Desjardins also issued estimates for Savaria’s Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.18 EPS, FY2019 earnings at $0.60 EPS and FY2020 earnings at $0.75 EPS.
Several other analysts have also issued reports on SIS. National Bank Financial increased their price target on shares of Savaria from C$17.00 to C$17.50 and gave the stock an “outperform” rating in a research report on Friday, March 29th. Laurentian reduced their price target on shares of Savaria from C$20.00 to C$16.50 in a research report on Thursday, February 21st.
Savaria (TSE:SIS) last announced its earnings results on Wednesday, March 27th. The company reported C$0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.14 by C($0.03). The firm had revenue of C$93.12 million for the quarter, compared to the consensus estimate of C$91.20 million.
In related news, Director Sylvain Dumoulin sold 5,000 shares of the stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of C$15.25, for a total transaction of C$76,250.00. Following the sale, the director now owns 65,000 shares in the company, valued at approximately C$991,250. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$13.27, for a total transaction of C$331,747.50. Following the sale, the director now owns 125,000 shares in the company, valued at approximately C$1,658,737.50. Insiders have sold a total of 44,441 shares of company stock worth $620,920 in the last quarter.
Savaria Corporation designs, engineers, and manufactures products for personal mobility in Canada, the United States, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and the Span. The Accessibility segment manufactures and distributes residential and commercial accessibility equipment for people with mobility challenges; and operates network of franchisees and corporate stores.
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