Rogers Sugar (TSE:RSI) Hits New 12-Month High – Here’s What Happened

Rogers Sugar Inc. (TSE:RSI) reached a new 52-week high during trading on Thursday . The stock traded as high as C$7.06 and last traded at C$7.04, with a volume of 60957 shares traded. The stock had previously closed at C$6.93.

Analyst Upgrades and Downgrades

Separately, TD Securities raised shares of Rogers Sugar to a “hold” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$6.90.

Rogers Sugar Stock Up 1.9%

The company has a quick ratio of 0.56, a current ratio of 2.22 and a debt-to-equity ratio of 88.50. The company has a 50 day simple moving average of C$6.81 and a two-hundred day simple moving average of C$6.56. The company has a market capitalization of C$905.56 million, a P/E ratio of 13.32 and a beta of 0.70.

Rogers Sugar (TSE:RSI) last released its earnings results on Thursday, May 7th. The company reported C$0.14 earnings per share for the quarter. The firm had revenue of C$280.62 million for the quarter. Rogers Sugar had a return on equity of 14.94% and a net margin of 5.58%. As a group, equities analysts predict that Rogers Sugar Inc. will post 0.5597668 EPS for the current year.

Rogers Sugar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were paid a $0.09 dividend. The ex-dividend date was Friday, June 26th. This represents a $0.36 dividend on an annualized basis and a yield of 5.1%. Rogers Sugar’s dividend payout ratio (DPR) is presently 67.92%.

Insider Buying and Selling

In related news, insider Michael Walton sold 18,400 shares of Rogers Sugar stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of C$6.82, for a total transaction of C$125,488.00. Following the completion of the sale, the insider owned 212,747 shares in the company, valued at C$1,450,934.54. This trade represents a 7.96% decrease in their position. Over the last quarter, insiders have sold 58,000 shares of company stock valued at $395,419. Company insiders own 0.28% of the company’s stock.

About Rogers Sugar

Rogers is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic and its administrative office is in Montréal, Québec. Lantic operates cane sugar refineries in Montréal, Québec, and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic also operates a distribution center in Toronto, Ontario. Lantic’s sugar products are mainly marketed under the ‘Lantic’ trademark in Eastern Canada, and the ‘Rogers’ trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars, and specialty syrups.