Brokers Offer Predictions for Rogers Sugar Inc’s FY2016 Earnings (RSI)
Rogers Sugar Inc (TSE:RSI) – Equities researchers at National Bank Financial issued their FY2016 earnings per share (EPS) estimates for Rogers Sugar in a note issued to investors on Wednesday. National Bank Financial analyst F. Tremblay anticipates that the brokerage will earn $0.39 per share for the year. National Bank Financial also issued estimates for Rogers Sugar’s FY2017 earnings at $0.44 EPS.
Several other brokerages have also recently issued reports on RSI. Scotiabank upped their price objective on shares of Rogers Sugar from C$5.50 to C$6.00 and gave the company a “sector perform” rating in a research note on Thursday, July 28th. TD Securities increased their price target on shares of Rogers Sugar from C$5.50 to C$6.00 and gave the company a “hold” rating in a research note on Thursday, July 28th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a C$6.25 price target on shares of Rogers Sugar in a research note on Thursday, July 28th.
Rogers Sugar (TSE:RSI) opened at 5.99 on Monday. The stock has a market capitalization of $562.16 million and a price-to-earnings ratio of 10.31. The company’s 50-day moving average is $6.40 and its 200 day moving average is $6.08. Rogers Sugar has a one year low of $4.00 and a one year high of $6.74.
About Rogers Sugar
Rogers Sugar Inc is a Canada-based company, which is engaged in the refining, packaging and marketing of sugar products. The Company holds all of the common shares of Lantic Inc (Lantic), which operates cane sugar refineries in Montreal, Quebec and Vancouver, British Columbia, as well as the Canadian sugar beet processing facility in Taber, Alberta.
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