Rogers (NYSE:ROG)‘s stock had its “buy” rating reissued by analysts at Sidoti in a report issued on Thursday. They currently have a $175.00 target price on the electronics maker’s stock. Sidoti’s price objective would suggest a potential upside of 26.93% from the stock’s previous close.
Other analysts have also recently issued reports about the company. ValuEngine raised Rogers from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. B. Riley dropped their price target on Rogers from $155.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, August 1st. Finally, Zacks Investment Research raised Rogers from a “sell” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $167.75.
ROG opened at $137.87 on Thursday. The company has a market capitalization of $2.54 billion, a PE ratio of 23.99 and a beta of 1.54. The company has a quick ratio of 3.72, a current ratio of 4.92 and a debt-to-equity ratio of 0.17. Rogers has a 12-month low of $105.60 and a 12-month high of $184.00.
Rogers (NYSE:ROG) last released its quarterly earnings results on Tuesday, July 31st. The electronics maker reported $1.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.14). The firm had revenue of $214.68 million for the quarter, compared to analyst estimates of $214.33 million. Rogers had a return on equity of 13.02% and a net margin of 8.99%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.33 earnings per share. equities research analysts anticipate that Rogers will post 5.47 earnings per share for the current fiscal year.
In related news, VP Marc J. Beulque sold 2,865 shares of Rogers stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $137.92, for a total transaction of $395,140.80. Following the completion of the sale, the vice president now directly owns 2,298 shares of the company’s stock, valued at approximately $316,940.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Christopher Shadday sold 1,500 shares of Rogers stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $139.77, for a total value of $209,655.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,116 shares of company stock valued at $834,369. 1.50% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of ROG. Mount Yale Investment Advisors LLC bought a new position in Rogers during the 1st quarter worth $111,000. Oppenheimer Asset Management Inc. bought a new position in Rogers during the 1st quarter worth $213,000. Global X Management Co LLC bought a new position in Rogers during the 2nd quarter worth $217,000. SG Americas Securities LLC bought a new position in Rogers during the 1st quarter worth $219,000. Finally, Cubist Systematic Strategies LLC bought a new position in Rogers during the 1st quarter worth $223,000. Hedge funds and other institutional investors own 94.43% of the company’s stock.
Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. The company's Advanced Connectivity Solutions segment offers circuit materials and solutions for connectivity applications in wireless communications infrastructure, automotive, connected devices, wired infrastructure, consumer electronics, and aerospace/defense.
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