FY2020 EPS Estimates for Rogers Sugar Inc Lowered by Desjardins (TSE:RSI)

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Rogers Sugar Inc (TSE:RSI) – Stock analysts at Desjardins dropped their FY2020 EPS estimates for shares of Rogers Sugar in a note issued to investors on Wednesday, February 12th. Desjardins analyst F. Tremblay now expects that the company will post earnings of $0.37 per share for the year, down from their previous estimate of $0.42. Desjardins currently has a “Hold” rating and a $4.75 price target on the stock.

A number of other equities research analysts have also recently commented on RSI. BMO Capital Markets lowered their target price on Rogers Sugar from C$5.00 to C$4.75 in a research note on Monday, November 25th. National Bank Financial cut Rogers Sugar from a “sector perform” rating to an “underperform” rating and lowered their target price for the stock from C$5.25 to C$4.50 in a research note on Friday, November 8th. TD Securities lifted their target price on Rogers Sugar from C$4.75 to C$5.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Scotiabank cut Rogers Sugar from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$5.75 to C$5.00 in a research note on Friday, November 22nd.

TSE:RSI traded up C$0.05 during trading hours on Friday, hitting C$5.39. 223,420 shares of the company traded hands, compared to its average volume of 272,329. The company has a market cap of $550.32 million and a PE ratio of -67.38. Rogers Sugar has a one year low of C$4.54 and a one year high of C$6.17. The company has a quick ratio of 0.61, a current ratio of 1.90 and a debt-to-equity ratio of 116.23. The firm’s 50-day simple moving average is C$4.86 and its 200-day simple moving average is C$5.16.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 21st were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date was Tuesday, December 24th. Rogers Sugar’s payout ratio is -450.00%.

In other Rogers Sugar news, Senior Officer Michael Walton bought 5,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were bought at an average cost of C$5.05 per share, for a total transaction of C$25,250.00. Following the purchase, the insider now directly owns 39,966 shares of the company’s stock, valued at approximately C$201,828.30. Insiders have bought a total of 8,303 shares of company stock worth $41,321 over the last quarter.

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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