Rogers Sugar (RSI) to Release Earnings on Thursday

Rogers Sugar (TSE:RSI) will announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of C$0.11 per share for the quarter.

Rogers Sugar (TSE:RSI) last released its quarterly earnings data on Thursday, February 8th. The company reported C$0.10 earnings per share for the quarter. Rogers Sugar had a return on equity of 17.10% and a net margin of 4.50%. The business had revenue of C$288.70 million for the quarter, compared to analyst estimates of C$263.70 million.

Rogers Sugar Trading Down 0.8 %

RSI opened at C$5.20 on Wednesday. The company’s 50 day moving average is C$5.25 and its 200-day moving average is C$5.36. The company has a market cap of C$665.18 million, a P/E ratio of 12.38 and a beta of 0.58. Rogers Sugar has a 1-year low of C$4.96 and a 1-year high of C$6.28. The company has a current ratio of 1.82, a quick ratio of 0.56 and a debt-to-equity ratio of 145.32.

Rogers Sugar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 29th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 6.92%. The ex-dividend date of this dividend was Wednesday, March 27th. Rogers Sugar’s dividend payout ratio (DPR) is 85.71%.

Insider Activity

In other news, Director Donald Jewell bought 40,000 shares of Rogers Sugar stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average price of C$5.18 per share, for a total transaction of C$207,200.00. In other Rogers Sugar news, Senior Officer Martin Levesque purchased 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average cost of C$5.17 per share, with a total value of C$103,400.00. Also, Director Donald Jewell purchased 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average price of C$5.18 per share, for a total transaction of C$207,200.00. Insiders have purchased 62,370 shares of company stock worth $323,050 over the last 90 days. 0.28% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Desjardins set a C$6.25 price objective on Rogers Sugar and gave the company a “hold” rating in a report on Tuesday, March 5th. TD Securities upgraded Rogers Sugar from a “hold” rating to a “buy” rating and set a C$6.50 target price on the stock in a report on Tuesday, March 5th. Finally, National Bankshares set a C$6.00 target price on shares of Rogers Sugar and gave the company a “sector perform” rating in a research report on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Rogers Sugar has a consensus rating of “Hold” and a consensus target price of C$6.15.

About Rogers Sugar

Rogers Sugar Inc engages in refining, packaging, marketing, and distribution of sugar and maple products in Canada, the United States, Europe, and internationally. The company operates in two segments, Sugar and Maple Products. It offers granulated, plantation raw, yellow, brown, organic, icing, maple, stevia, liquid, smart sweetener blend, and coconut sugar; and syrups, jam and jelly mixes, and iced tea mixes.