Equities analysts predict that Rogers Co. (NYSE:ROG) will announce earnings per share of $1.37 for the current quarter, according to Zacks. Two analysts have issued estimates for Rogers’ earnings, with the lowest EPS estimate coming in at $1.36 and the highest estimate coming in at $1.38. Rogers reported earnings of $1.42 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.5%. The firm is expected to report its next earnings results on Thursday, November 7th.
On average, analysts expect that Rogers will report full-year earnings of $6.30 per share for the current fiscal year. For the next fiscal year, analysts expect that the firm will report earnings of $7.60 per share, with EPS estimates ranging from $7.45 to $7.75. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Rogers.
Rogers (NYSE:ROG) last posted its quarterly earnings results on Wednesday, July 31st. The electronics maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.09. Rogers had a return on equity of 14.33% and a net margin of 10.39%. The business had revenue of $242.90 million during the quarter, compared to analysts’ expectations of $244.90 million. During the same quarter last year, the company posted $1.19 earnings per share. Rogers’s quarterly revenue was up 13.1% on a year-over-year basis.
A number of equities analysts recently commented on ROG shares. Zacks Investment Research cut Rogers from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 3rd. ValuEngine cut Rogers from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus started coverage on Rogers in a report on Thursday, May 30th. They set a “buy” rating and a $200.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Rogers currently has a consensus rating of “Buy” and a consensus price target of $194.75.
A number of institutional investors have recently bought and sold shares of the stock. CIBC Asset Management Inc bought a new stake in shares of Rogers during the second quarter worth approximately $211,000. Arizona State Retirement System boosted its holdings in shares of Rogers by 1.1% during the second quarter. Arizona State Retirement System now owns 28,770 shares of the electronics maker’s stock worth $4,965,000 after acquiring an additional 325 shares during the period. Aperio Group LLC boosted its holdings in shares of Rogers by 5.0% during the second quarter. Aperio Group LLC now owns 15,088 shares of the electronics maker’s stock worth $2,604,000 after acquiring an additional 722 shares during the period. Bbva USA Bancshares Inc. boosted its holdings in shares of Rogers by 16.6% during the second quarter. Bbva USA Bancshares Inc. now owns 4,805 shares of the electronics maker’s stock worth $830,000 after acquiring an additional 685 shares during the period. Finally, First National Bank of Hutchinson bought a new stake in shares of Rogers during the second quarter worth approximately $310,000. Institutional investors and hedge funds own 96.54% of the company’s stock.
Rogers stock traded down $4.54 during midday trading on Tuesday, reaching $141.47. 239,455 shares of the company’s stock were exchanged, compared to its average volume of 181,036. Rogers has a 52 week low of $89.21 and a 52 week high of $206.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.33 and a current ratio of 4.52. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 24.52 and a beta of 2.22. The stock’s 50-day simple moving average is $136.92 and its 200 day simple moving average is $155.42.
Rogers Company Profile
Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates in Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES), and Other segments. The ACS segment offers circuit materials and solutions for connectivity applications in wireless infrastructure, automotive, aerospace and defense, connected devices, wired infrastructure, and consumer electronics under the RO3000, RO4000, RT/duroid, TMM, AD Series, and CLTE Series names.
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