Rogers Sugar (TSE:RSI) Insider Sells C$78,430.00 in Stock

Rogers Sugar Inc. (TSE:RSI) insider Michael Walton sold 11,500 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of C$6.82, for a total transaction of C$78,430.00. Following the transaction, the insider directly owned 202,747 shares in the company, valued at approximately C$1,382,734.54. The trade was a 5.37% decrease in their ownership of the stock.

Michael Walton also recently made the following trade(s):

• On Monday, August 31st, Michael Walton sold 4,100 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.81, for a total transaction of C$27,921.00.
• On Monday, August 31st, Michael Walton sold 55,600 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.80, for a total transaction of C$378,080.00.
• On Monday, August 31st, Michael Walton sold 6,562 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.81, for a total transaction of C$44,687.22.

Rogers Sugar Price Performance

Rogers Sugar stock traded up C$0.05 during midday trading on Tuesday, reaching C$6.83. The company had a trading volume of 70,663 shares, compared to its average volume of 269,478. The company has a debt-to-equity ratio of 89.42, a current ratio of 1.68 and a quick ratio of 0.56. Rogers Sugar Inc. has a 12-month low of C$5.86 and a 12-month high of C$7.16. The company has a market capitalization of C$877.96 million, a P/E ratio of 13.13 and a beta of 0.71. The firm’s fifty day simple moving average is C$6.91 and its 200-day simple moving average is C$6.74.

Rogers Sugar (TSE:RSI) last announced its earnings results on Thursday, August 6th. The company reported C$0.13 EPS for the quarter. The business had revenue of C$293.69 million during the quarter. Rogers Sugar had a return on equity of 14.14% and a net margin of 5.48%. As a group, equities analysts anticipate 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. Stockholders of record on Wednesday, July 15th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Friday, June 26th. Rogers Sugar’s dividend payout ratio is 69.23%.

Analysts Set New Price Targets

Separately, TD Securities raised shares of Rogers Sugar to a “hold” rating in a research note on Monday, May 11th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Rogers Sugar currently has an average rating of “Reduce” and a consensus price target of C$6.75.

Rogers Sugar Company Profile

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.