Rogers (NYSE:ROG) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.30-1.45 for the period, compared to the Thomson Reuters consensus estimate of $1.61. Rogers also updated its Q1 guidance to $1.35-1.45 EPS.
Several brokerages recently issued reports on ROG. Zacks Investment Research downgraded shares of Rogers from a strong-buy rating to a hold rating in a research note on Thursday, January 4th. Needham & Company LLC raised their target price on shares of Rogers to $180.00 and gave the company a positive rating in a research note on Tuesday, December 19th. ValuEngine downgraded shares of Rogers from a buy rating to a hold rating in a research note on Friday, December 1st. Finally, B. Riley reiterated a buy rating and issued a $180.00 target price on shares of Rogers in a research note on Friday, December 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of $162.75.
Shares of Rogers (ROG) traded up $0.21 during mid-day trading on Wednesday, reaching $137.30. 112,588 shares of the company’s stock traded hands, compared to its average volume of 181,295. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.99 and a quick ratio of 3.01. The firm has a market capitalization of $2,539.21, a P/E ratio of 23.98 and a beta of 1.36. Rogers has a 1 year low of $80.35 and a 1 year high of $184.00.
Rogers (NYSE:ROG) last issued its quarterly earnings data on Tuesday, February 27th. The electronics maker reported $1.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.06). The company had revenue of $209.01 million for the quarter, compared to analyst estimates of $206.50 million. Rogers had a return on equity of 14.72% and a net margin of 9.80%. research analysts forecast that Rogers will post 6.17 earnings per share for the current fiscal year.
In other news, SVP Jay B. Knoll sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $131.78, for a total transaction of $164,725.00. Following the transaction, the senior vice president now directly owns 5,909 shares of the company’s stock, valued at $778,688.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeffrey M. Grudzien sold 1,430 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $155.83, for a total transaction of $222,836.90. Following the transaction, the senior vice president now directly owns 23,293 shares in the company, valued at $3,629,748.19. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
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Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense.
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