Rogers Sugar (TSE:RSI) Reaches New 12-Month High – Still a Buy?

Rogers Sugar Inc. (TSE:RSIGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$6.87 and last traded at C$6.86, with a volume of 213499 shares trading hands. The stock had previously closed at C$6.79.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised shares of Rogers Sugar to a “hold” rating in a research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$6.90.

Get Our Latest Analysis on Rogers Sugar

Rogers Sugar Price Performance

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 firm has a market capitalization of C$886.32 million, a PE ratio of 13.04 and a beta of 0.71. The firm’s fifty day simple moving average is C$6.63 and its 200-day simple moving average is C$6.41.

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

Rogers Sugar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.36 annualized dividend and a yield of 5.2%. Rogers Sugar’s payout ratio is 67.92%.

Insider Transactions at Rogers Sugar

In other Rogers Sugar 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 value of C$125,488.00. Following the completion of the transaction, the insider directly owned 212,747 shares of the company’s stock, valued at approximately C$1,450,934.54. The trade was a 7.96% decrease in their ownership of the stock. Insiders have sold 58,000 shares of company stock valued at $395,419 over the last three months. 0.28% of the stock is currently owned by insiders.

Rogers Sugar Company Profile

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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.

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