Rogers (NYSE:ROG) Releases Quarterly Earnings Results, Beats Estimates By $0.23 EPS

Rogers (NYSE:ROG) released its quarterly earnings results on Thursday. The electronics maker reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.23, MarketWatch Earnings reports. Rogers had a net margin of 2.78% and a return on equity of 9.44%. The business had revenue of $191.16 million for the quarter, compared to analyst estimates of $196.65 million. Rogers updated its Q3 2020
After-Hours guidance to 0.90-1.10 EPS.

NYSE ROG traded down $14.04 during trading on Friday, hitting $119.19. 435,570 shares of the company’s stock traded hands, compared to its average volume of 100,396. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 100.16 and a beta of 1.77. Rogers has a 12-month low of $75.72 and a 12-month high of $167.19. The company has a debt-to-equity ratio of 0.29, a quick ratio of 5.07 and a current ratio of 6.38. The business has a 50 day moving average of $122.50 and a 200-day moving average of $111.92.

ROG has been the topic of a number of analyst reports. B. Riley reduced their price objective on shares of Rogers from $160.00 to $155.00 in a research note on Friday. Zacks Investment Research upgraded shares of Rogers from a “sell” rating to a “hold” rating in a report on Tuesday, June 30th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $135.00.

In other news, Director Keith Barnes sold 425 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $111.00, for a total transaction of $47,175.00. Following the completion of the sale, the director now owns 4,725 shares of the company’s stock, valued at $524,475. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Jeff Tsao sold 305 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $105.49, for a total value of $32,174.45. Following the completion of the sale, the vice president now directly owns 2,566 shares of the company’s stock, valued at approximately $270,687.34. The disclosure for this sale can be found here. Corporate insiders own 1.09% of the company’s stock.

About Rogers

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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Earnings History for Rogers (NYSE:ROG)

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