Rogers Sugar (RSI) Set to Announce Quarterly Earnings on Thursday

Rogers Sugar (TSE:RSI) is scheduled to release its earnings data after the market closes on Thursday, May 9th. Analysts expect Rogers Sugar to post earnings of C$0.11 per share for the quarter.

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

Rogers Sugar Trading Up 0.4 %

TSE RSI opened at C$5.24 on Tuesday. The stock has a market cap of C$670.30 million, a P/E ratio of 12.48 and a beta of 0.58. The company’s fifty day simple moving average is C$5.25 and its 200-day simple moving average is C$5.36. 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 has a 52 week low of C$4.96 and a 52 week high of C$6.28.

Rogers Sugar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were issued a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.36 dividend on an annualized basis and a yield of 6.87%. Rogers Sugar’s dividend payout ratio is currently 85.71%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RSI. National Bankshares set a C$6.00 price target on Rogers Sugar and gave the company a “sector perform” rating in a report on Tuesday, March 5th. TD Securities raised shares of Rogers Sugar from a “hold” rating to a “buy” rating and set a C$6.50 price target for the company in a research report on Tuesday, March 5th. Finally, Desjardins set a C$6.25 price target on shares of Rogers Sugar and gave the company a “hold” rating in a report on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$6.15.

Rogers Sugar Company Profile

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.