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

Rogers Sugar Inc. (TSE:RSI) shares reached a new 52-week high on Thursday . The company traded as high as C$6.67 and last traded at C$6.47, with a volume of 447298 shares. The stock had previously closed at C$6.37.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of Rogers Sugar from C$6.50 to C$7.00 and gave the company a “market perform” rating in a research report on Friday, November 28th. National Bankshares lifted their price target on shares of 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, TD Securities cut Rogers Sugar from a “buy” rating to a “hold” rating and set a C$7.00 price objective for the company. in a report on Friday, November 28th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$6.90.

Rogers Sugar Stock Performance

The company has a current ratio of 1.39, a quick ratio of 0.56 and a debt-to-equity ratio of 104.41. The company has a market cap of C$838.31 million, a price-to-earnings ratio of 13.35 and a beta of 0.77. The stock has a 50 day moving average price of C$6.05 and a two-hundred day moving average price of C$6.15.

Rogers Sugar (TSE:RSI) last announced its quarterly earnings results on Thursday, February 5th. The company reported C$0.19 earnings per share for the quarter. Rogers Sugar had a net margin of 4.40% and a return on equity of 13.16%. The business had revenue of C$298.19 million for the quarter. Analysts predict that Rogers Sugar Inc. will post 0.5597668 EPS for the current year.

Rogers Sugar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, January 14th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 5.5%. The ex-dividend date was Wednesday, December 24th. Rogers Sugar’s dividend payout ratio (DPR) is 73.47%.

About Rogers Sugar

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. It operates in the following reportable segments: Sugar and Maple products, of which the majority of the revenue comes from sugar products. Its geographical segments include Canada, which is the key revenue generator; the United States; Europe; and others.