Rogers Sugar Inc. to Post Q2 2024 Earnings of $0.13 Per Share, National Bank Financial Forecasts (TSE:RSI)

Rogers Sugar Inc. (TSE:RSIFree Report) – Research analysts at National Bank Financial issued their Q2 2024 earnings estimates for shares of Rogers Sugar in a research report issued on Thursday, February 8th. National Bank Financial analyst Z. Evershed anticipates that the company will earn $0.13 per share for the quarter. National Bank Financial has a “Sector Perform Overweight” rating on the stock. The consensus estimate for Rogers Sugar’s current full-year earnings is $0.40 per share. National Bank Financial also issued estimates for Rogers Sugar’s Q3 2024 earnings at $0.09 EPS, Q4 2024 earnings at $0.14 EPS, FY2024 earnings at $0.48 EPS and FY2025 earnings at $0.46 EPS.

Rogers Sugar (TSE:RSIGet Free Report) last posted its earnings results on Thursday, November 30th. The company reported C$0.10 earnings per share (EPS) for the quarter. The business had revenue of C$308.04 million for the quarter. Rogers Sugar had a net margin of 4.69% and a return on equity of 17.31%.

RSI has been the topic of several other research reports. BMO Capital Markets lowered their price objective on shares of Rogers Sugar from C$6.50 to C$6.00 and set a “market perform” rating on the stock in a research note on Friday, December 1st. National Bankshares increased their price objective on shares of Rogers Sugar from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Scotiabank lowered their price objective on shares of Rogers Sugar from C$6.50 to C$6.00 and set a “sector perform” rating on the stock in a research note on Friday, December 1st.

View Our Latest Research Report on Rogers Sugar

Rogers Sugar Price Performance

Shares of TSE:RSI opened at C$5.66 on Monday. The firm’s 50 day moving average price is C$5.46 and its 200-day moving average price is C$5.47. Rogers Sugar has a twelve month low of C$4.96 and a twelve month high of C$6.41. The company has a quick ratio of 0.56, a current ratio of 1.75 and a debt-to-equity ratio of 142.84. The stock has a market capitalization of C$595.15 million, a PE ratio of 12.86 and a beta of 0.59.

Rogers Sugar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 29th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 6.36%. The ex-dividend date of this dividend is Wednesday, March 27th. Rogers Sugar’s dividend payout ratio is 81.82%.

Rogers Sugar Company Profile

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Rogers Sugar Inc engages in refining, packaging, marketing, and distribution of sugar and maple products in Canada, the United States, Europe, and internationally. The company operates in two segments, Sugar and Maple Products. It offers granulated, plantation raw, yellow, brown, organic, icing, maple, stevia, liquid, smart sweetener blend, and coconut sugar; and syrups, jam and jelly mixes, and iced tea mixes.

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