10 February 2021 Posted By : Suzanne Cooper

Desjardins Weighs in on Rogers Sugar Inc. (RSI.TO)’s FY2022 Earnings (TSE:RSI)

Rogers Sugar Inc. (RSI.TO) (TSE:RSI) – Research analysts at Desjardins raised their FY2022 earnings per share (EPS) estimates for shares of Rogers Sugar Inc. (RSI.TO) in a research report issued on Wednesday, February 3rd. Desjardins analyst F. Tremblay now forecasts that the company will post earnings of $0.43 per share for the year, up from their previous forecast of $0.42.

Several other equities analysts have also recently issued reports on RSI. TD Securities lifted their price objective on shares of Rogers Sugar Inc. (RSI.TO) from C$5.50 to C$6.00 and gave the stock a “buy” rating in a research note on Thursday, November 26th. National Bank Financial upgraded shares of Rogers Sugar Inc. (RSI.TO) from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from C$4.25 to C$5.00 in a research report on Wednesday, December 2nd. Scotiabank increased their price objective on Rogers Sugar Inc. (RSI.TO) from C$5.50 to C$5.75 in a research report on Thursday. Finally, BMO Capital Markets lifted their target price on Rogers Sugar Inc. (RSI.TO) from C$5.00 to C$6.00 in a report on Thursday, November 26th.

Shares of Rogers Sugar Inc. (RSI.TO) stock opened at C$5.38 on Friday. Rogers Sugar Inc. has a 52 week low of C$3.85 and a 52 week high of C$5.83. The company has a current ratio of 1.72, a quick ratio of 0.58 and a debt-to-equity ratio of 136.85. The stock has a market cap of C$557.03 million and a PE ratio of 15.82. The company’s 50-day moving average price is C$5.62 and its two-hundred day moving average price is C$5.13.

Rogers Sugar Inc. (RSI.TO) (TSE:RSI) last announced its quarterly earnings data on Wednesday, November 25th. The company reported C$0.13 earnings per share for the quarter. The firm had revenue of C$246.21 million during the quarter, compared to analyst estimates of C$225.70 million.

In other Rogers Sugar Inc. (RSI.TO) news, Senior Officer Michael Walton purchased 10,000 shares of the stock in a transaction dated Monday, December 21st. The shares were acquired at an average price of C$5.65 per share, for a total transaction of C$56,500.00. Following the completion of the acquisition, the insider now owns 50,465 shares of the company’s stock, valued at approximately C$285,127.25.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 13th. Investors of record on Wednesday, March 31st will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date of this dividend is Tuesday, March 30th. Rogers Sugar Inc. (RSI.TO)’s dividend payout ratio is 105.88%.

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