Rogers Sugar (TSE:RSI) Hits New 52-Week High – What’s Next?

Rogers Sugar Inc. (TSE:RSI)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as C$7.01 and last traded at C$6.99, with a volume of 106240 shares traded. The stock had previously closed at C$6.94.

Wall Street Analyst Weigh In

Separately, TD Securities upgraded Rogers Sugar to a “hold” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Rogers Sugar has an average rating of “Hold” and a consensus price target of C$6.90.

Rogers Sugar Price Performance

The firm has a fifty day moving average of C$6.79 and a two-hundred day moving average of C$6.53. The stock has a market capitalization of C$892.73 million, a P/E ratio of 13.13 and a beta of 0.70. The company has a debt-to-equity ratio of 88.50, a current ratio of 2.22 and a quick ratio of 0.56.

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

Rogers Sugar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Friday, June 26th. Rogers Sugar’s dividend payout ratio (DPR) is presently 67.92%.

Insider Buying and Selling

In other Rogers Sugar news, insider Michael Walton sold 18,400 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was 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 represents a 7.96% decrease in their ownership of the stock. Insiders have sold a total of 58,000 shares of company stock valued at $395,419 over the last ninety days. Insiders own 0.28% of the company’s stock.

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.