Shares of Rogers Sugar Inc. (TSE:RSI – Get Free Report) hit a new 52-week high on Monday . The stock traded as high as C$6.99 and last traded at C$6.93, with a volume of 185862 shares. The stock had previously closed at C$6.93.
Analyst Ratings Changes
Separately, TD Securities raised Rogers Sugar to a “hold” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$6.90.
Get Our Latest Stock Analysis on RSI
Rogers Sugar Trading Down 0.7%
Rogers Sugar (TSE:RSI – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.14 EPS for the quarter. The business had revenue of C$280.62 million for the quarter. Rogers Sugar had a return on equity of 14.94% and a net margin of 5.58%. Research analysts anticipate that Rogers Sugar Inc. will post 0.5597668 EPS for the current year.
Rogers Sugar Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.2%. Rogers Sugar’s dividend payout ratio is currently 67.92%.
Insider Activity at Rogers Sugar
In related news, insider Michael Walton sold 18,400 shares of the firm’s stock in a transaction on 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 transaction, the insider directly owned 212,747 shares in the company, valued at approximately C$1,450,934.54. This trade represents a 7.96% decrease in their position. Over the last quarter, insiders sold 58,000 shares of company stock worth $395,419. Corporate insiders own 0.28% of the company’s stock.
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.
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