Analysts Issue Forecasts for Rogers Sugar Inc’s FY2020 Earnings (TSE:RSI)

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Rogers Sugar Inc (TSE:RSI) – Investment analysts at Desjardins reduced their FY2020 earnings per share (EPS) estimates for shares of Rogers Sugar in a report released on Wednesday, February 12th. Desjardins analyst F. Tremblay now forecasts that the company will earn $0.37 per share for the year, down from their previous forecast of $0.42. Desjardins has a “Hold” rating and a $4.75 price objective on the stock.

RSI has been the subject of a number of other research reports. TD Securities upped their price objective on shares of Rogers Sugar from C$4.75 to C$5.00 and gave the company a “hold” rating in a research report on Thursday. BMO Capital Markets cut their price objective on shares of Rogers Sugar from C$5.00 to C$4.75 in a research report on Monday, November 25th. Scotiabank lowered shares of Rogers Sugar from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$5.75 to C$5.00 in a research report on Friday, November 22nd. Finally, National Bank Financial lowered shares of Rogers Sugar from a “sector perform” rating to an “underperform” rating and cut their price objective for the company from C$5.25 to C$4.50 in a research report on Friday, November 8th.

Shares of RSI opened at C$5.38 on Friday. The company has a 50-day simple moving average of C$4.87 and a 200-day simple moving average of C$5.16. The firm has a market capitalization of $559.68 million and a P/E ratio of -67.25. The company has a debt-to-equity ratio of 116.23, a quick ratio of 0.61 and a current ratio of 1.90. Rogers Sugar has a 52 week low of C$4.54 and a 52 week high of C$6.17.

Rogers Sugar (TSE:RSI) last announced its quarterly earnings data on Wednesday, November 20th. The company reported C$0.09 EPS for the quarter. The company had revenue of C$207.57 million for the quarter, compared to analyst estimates of C$227.30 million.

In related news, Senior Officer Michael Walton acquired 5,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of C$5.05 per share, with a total value of C$25,250.00. Following the completion of the transaction, the insider now owns 39,966 shares of the company’s stock, valued at C$201,828.30. Insiders have bought 8,303 shares of company stock valued at $41,321 in the last ninety days.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 21st were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date of this dividend was Tuesday, December 24th. Rogers Sugar’s dividend payout ratio is currently -450.00%.

Rogers Sugar Company Profile

Rogers Sugar Inc, through its subsidiary, Lantic Inc, engages in refining, packaging, and marketing sugar and maple products. It offers granulated, plantation raw, brown, organic, icing, maple, stevia, smart sweetener blend, and coconut sugar, as well as syrups, jam and jelly mixes, iced tea mixes, and hot chocolate mixes.

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