Rogers Sugar (TSE:RSI) Sets New 52-Week High – Still a Buy?

Rogers Sugar Inc. (TSE:RSI)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$6.84 and last traded at C$6.82, with a volume of 70180 shares trading hands. The stock had previously closed at C$6.77.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. TD Securities upgraded Rogers Sugar to a “hold” rating in a research note on Monday, May 11th. Scotiabank lowered Rogers Sugar from a “hold” rating to a “strong sell” rating and decreased their price objective for the company from C$6.50 to C$6.00 in a research note on Friday, February 6th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$6.90.

Rogers Sugar Stock Performance

The business has a 50 day moving average of C$6.60 and a 200-day moving average of C$6.37. The company has a debt-to-equity ratio of 88.50, a quick ratio of 0.56 and a current ratio of 2.22. The company has a market capitalization of C$877.34 million, a P/E ratio of 12.91 and a beta of 0.78.

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 return on equity of 14.94% and a net margin of 5.58%.The business had revenue of C$280.62 million during the quarter. On average, sell-side analysts predict that Rogers Sugar Inc. will post 0.5597668 EPS for the current fiscal year.

Rogers Sugar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 5.3%. The ex-dividend date was Friday, March 27th. Rogers Sugar’s payout ratio is presently 67.92%.

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.