Rogers Sugar Inc. (TSE:RSI) Forecasted to Earn FY2018 Earnings of $0.54 Per Share

Rogers Sugar Inc. (TSE:RSI) – Research analysts at Desjardins lifted their FY2018 EPS estimates for shares of Rogers Sugar in a report released on Tuesday, according to Zacks Investment Research. Desjardins analyst F. Tremblay now expects that the company will post earnings of $0.54 per share for the year, up from their prior forecast of $0.53.

Several other analysts have also weighed in on the stock. National Bank Financial lowered their price objective on shares of Rogers Sugar from C$7.00 to C$6.75 and set a “sector perform” rating for the company in a research note on Monday, November 27th. BMO Capital Markets lowered their price objective on shares of Rogers Sugar from C$7.50 to C$7.00 in a research note on Friday, November 24th. TD Securities reiterated a “hold” rating and issued a C$7.00 price objective on shares of Rogers Sugar in a research note on Wednesday, November 22nd. Finally, Scotiabank lifted their price objective on shares of Rogers Sugar from C$7.00 to C$7.50 and gave the company an “outperform” rating in a research note on Tuesday, November 21st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$7.10.

Shares of Rogers Sugar (TSE RSI) opened at C$6.24 on Wednesday. Rogers Sugar has a one year low of C$5.90 and a one year high of C$6.94.

In other Rogers Sugar news, Director M. Dallas H. Ross purchased 5,800 shares of Rogers Sugar stock in a transaction that occurred on Monday, November 27th. The stock was acquired at an average price of C$6.17 per share, with a total value of C$35,786.00.

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Rogers Sugar Company Profile

Rogers Sugar Inc, through its subsidiary, Lantic Inc, engages in refining, packaging, and marketing sugar products in Canada. It offers white and cubes granulated, Plantation Raw, brown, icing, Steva, liquid, and coconut sugar, as well as syrups, jam and jelly mixes, iced tea mixes, and hot chocolate mixes.

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Earnings History and Estimates for Rogers Sugar (TSE:RSI)

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