Rogers Sugar (RSI) to Release Quarterly Earnings on Thursday

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

Rogers Sugar Trading Down 1.6 %

Shares of TSE:RSI opened at C$5.64 on Wednesday. The stock’s 50-day simple moving average is C$5.70 and its two-hundred day simple moving average is C$5.52. The stock has a market capitalization of C$721.47 million, a price-to-earnings ratio of 13.12 and a beta of 0.58. Rogers Sugar has a 52-week low of C$4.96 and a 52-week high of C$5.98. The company has a debt-to-equity ratio of 91.14, a quick ratio of 0.56 and a current ratio of 2.12.

Rogers Sugar Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.