Rogers Sugar (TSE:RSI) Posts Earnings Results

Rogers Sugar (TSE:RSI) released its earnings results on Thursday. The company reported C$0.13 earnings per share (EPS) for the quarter, FiscalAI reports. Rogers Sugar had a net margin of 5.58% and a return on equity of 14.94%. The company had revenue of C$293.69 million during the quarter.

Here are the key takeaways from Rogers Sugar’s conference call:

• Q3 adjusted net earnings were CAD 16 million, or CAD 0.13 per share, broadly in line with last year, while nine-month adjusted EBITDA rose to nearly CAD 121 million from CAD 111 million.
• The sugar segment remained resilient despite a 3% volume decline, with improved refining contribution and signs of recovery in confectionery demand; full-year sugar volume guidance was modestly raised to 745,000 metric tons.
• Maple performance was below expectations as food inflation and softer global demand pressured volumes and margins; management now expects fiscal 2026 Maple results to be below fiscal 2025.
• The LEAP expansion remains on schedule and within its CAD 280 million–CAD 300 million cost range, with commissioning progressing and incremental refining capacity still expected to come online in the first half of calendar 2027.
• Rogers secured labor agreements at its Montreal and Taber facilities through 2031 and 2032, respectively, extended its revolving credit facility to July 2031, and declared its quarterly CAD 0.09-per-share dividend.

Rogers Sugar Price Performance

Shares of RSI traded up C$0.04 during midday trading on Friday, hitting C$6.86. 303,622 shares of the company traded hands, compared to its average volume of 278,420. The stock has a market cap of C$879.90 million, a price-to-earnings ratio of 12.94 and a beta of 0.71. The firm has a 50 day moving average of C$6.91 and a 200-day moving average of C$6.67. The company has a debt-to-equity ratio of 88.50, a quick ratio of 0.56 and a current ratio of 2.22. Rogers Sugar has a 52 week low of C$5.67 and a 52 week high of C$7.16.

Rogers Sugar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, June 26th. Rogers Sugar’s dividend payout ratio is 67.92%.

Analysts Set New Price Targets

Separately, TD Securities upgraded shares of Rogers Sugar to a “hold” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$6.90.

Insider Activity

In related news, insider Michael Walton sold 14,100 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of C$6.81, for a total value of C$96,021.00. Following the sale, the insider directly owned 246,647 shares in the company, valued at approximately C$1,679,666.07. The trade was a 5.41% decrease in their ownership of the stock. Insiders sold 58,000 shares of company stock valued at $395,419 over the last quarter. Insiders own 0.28% of the company’s stock.

About Rogers Sugar

Rogers is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic and its administrative office is in Montréal, Québec. Lantic operates cane sugar refineries in Montréal, Québec, and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic also operates a distribution center in Toronto, Ontario. Lantic’s sugar products are mainly marketed under the ‘Lantic’ trademark in Eastern Canada, and the ‘Rogers’ trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars, and specialty syrups.