Rogers Sugar (TSE:RSI) Issues Earnings Results

Rogers Sugar (TSE:RSI) issued its quarterly earnings data on Wednesday. The company reported C$0.16 EPS for the quarter, FiscalAI reports. The firm had revenue of C$349.39 million for the quarter. Rogers Sugar had a net margin of 4.40% and a return on equity of 13.16%.

Rogers Sugar Trading Down 0.3%

TSE:RSI opened at C$6.02 on Friday. Rogers Sugar has a 12-month low of C$5.22 and a 12-month high of C$6.49. The firm has a market capitalization of C$771.66 million, a P/E ratio of 12.29 and a beta of 0.71. The company has a debt-to-equity ratio of 104.41, a current ratio of 1.39 and a quick ratio of 0.56. The business has a 50 day simple moving average of C$6.18 and a 200 day simple moving average of C$6.05.

Rogers Sugar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, January 14th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, December 24th. This represents a $0.36 dividend on an annualized basis and a yield of 6.0%. Rogers Sugar’s payout ratio is currently 73.47%.

Analyst Ratings Changes

Several research firms recently commented on RSI. TD Securities cut Rogers Sugar from a “buy” rating to a “hold” rating and set a C$7.00 price target on the stock. in a research note on Friday, November 28th. National Bankshares lifted their price target on Rogers Sugar from C$6.25 to C$7.00 and gave the stock a “sector perform” rating in a research note on Friday, November 28th. Finally, BMO Capital Markets increased their target price on Rogers Sugar from C$6.50 to C$7.00 and gave the stock a “market perform” rating in a report on Friday, November 28th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$6.90.

Rogers Sugar Company Profile

Rogers Sugar Inc is a Canada based sugar producing company. The company along with its subsidiaries is principally engaged in refining, packaging, and marketing sugar products. The products offered by the company include iced tea mix, stevia, yellow sugar, Cubes, Coconut sugar, and other related sugar products.