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

Rogers Sugar (TSE:RSI) will be issuing its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of C$0.09 per share for the quarter.

Rogers Sugar (TSE:RSI) last released its quarterly earnings data on Thursday, May 9th. The company reported C$0.17 EPS for the quarter, beating analysts’ consensus estimates of C$0.11 by C$0.06. The company had revenue of C$300.94 million during the quarter, compared to the consensus estimate of C$303.80 million. Rogers Sugar had a net margin of 4.64% and a return on equity of 15.14%.

Rogers Sugar Trading Down 1.6 %

Shares of Rogers Sugar stock opened at C$5.64 on Wednesday. Rogers Sugar has a 1-year low of C$4.96 and a 1-year high of C$5.98. The company has a debt-to-equity ratio of 91.14, a current ratio of 2.12 and a quick ratio of 0.56. The stock has a market cap of C$721.47 million, a P/E ratio of 13.12 and a beta of 0.58. The stock’s 50 day simple moving average is C$5.70 and its 200-day simple moving average is C$5.52.

Rogers Sugar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 11th. Shareholders of record on Friday, June 28th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date was Friday, June 28th. Rogers Sugar’s dividend payout ratio (DPR) is currently 83.72%.

Analyst Ratings Changes

Several research analysts have recently commented on RSI shares. BMO Capital Markets lifted their price target on Rogers Sugar from C$6.00 to C$7.00 and gave the stock a “market perform” rating in a report on Monday, May 13th. Scotiabank boosted their target price on shares of Rogers Sugar from C$6.00 to C$6.50 and gave the company a “sector perform” rating in a report on Monday, May 13th. TD Securities raised their price target on shares of Rogers Sugar from C$6.50 to C$7.00 in a report on Friday, May 10th. National Bankshares upped their price objective on Rogers Sugar from C$6.00 to C$6.25 and gave the company a “sector perform” rating in a report on Monday, May 13th. Finally, Desjardins raised Rogers Sugar from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 10th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$6.60.

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.