Analysts Expect Rogers Co. (NYSE:ROG) Will Announce Quarterly Sales of $244.85 Million

Wall Street brokerages expect that Rogers Co. (NYSE:ROG) will report $244.85 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Rogers’ earnings, with estimates ranging from $244.50 million to $245.20 million. Rogers posted sales of $214.68 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14.1%. The firm is expected to issue its next quarterly earnings report on Tuesday, July 30th.

According to Zacks, analysts expect that Rogers will report full year sales of $979.85 million for the current fiscal year, with estimates ranging from $976.70 million to $983.00 million. For the next fiscal year, analysts forecast that the business will report sales of $1.06 billion, with estimates ranging from $1.05 billion to $1.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Rogers.

Rogers (NYSE:ROG) last posted its quarterly earnings data on Tuesday, April 30th. The electronics maker reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.53. The firm had revenue of $239.80 million during the quarter, compared to analysts’ expectations of $226.25 million. Rogers had a net margin of 9.94% and a return on equity of 13.71%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.48 EPS.

Several research analysts have recently issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Rogers in a research note on Thursday, May 30th. They issued a “buy” rating and a $200.00 target price on the stock. ValuEngine raised shares of Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 4th. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Finally, B. Riley raised their target price on shares of Rogers from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Rogers has an average rating of “Buy” and an average price target of $190.80.

In related news, VP Marc J. Beulque sold 209 shares of Rogers stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $193.00, for a total transaction of $40,337.00. Following the transaction, the vice president now owns 2,225 shares of the company’s stock, valued at approximately $429,425. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert C. Daigle sold 13,294 shares of Rogers stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $191.13, for a total transaction of $2,540,882.22. Following the transaction, the senior vice president now directly owns 27,229 shares in the company, valued at approximately $5,204,278.77. The disclosure for this sale can be found here. 1.09% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Rogers by 0.8% during the 1st quarter. BlackRock Inc. now owns 2,666,838 shares of the electronics maker’s stock worth $423,707,000 after buying an additional 21,452 shares during the period. William Blair Investment Management LLC raised its holdings in Rogers by 5.0% during the 1st quarter. William Blair Investment Management LLC now owns 1,514,044 shares of the electronics maker’s stock worth $240,551,000 after buying an additional 72,356 shares during the period. Conestoga Capital Advisors LLC raised its holdings in Rogers by 0.6% during the 1st quarter. Conestoga Capital Advisors LLC now owns 550,387 shares of the electronics maker’s stock worth $87,445,000 after buying an additional 3,430 shares during the period. Thrivent Financial for Lutherans raised its holdings in Rogers by 90.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 402,566 shares of the electronics maker’s stock worth $39,878,000 after buying an additional 190,848 shares during the period. Finally, Frontier Capital Management Co. LLC raised its holdings in Rogers by 11.1% during the 1st quarter. Frontier Capital Management Co. LLC now owns 331,316 shares of the electronics maker’s stock worth $52,639,000 after buying an additional 33,162 shares during the period. 99.89% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE ROG traded down $4.93 during mid-day trading on Friday, hitting $156.68. The company’s stock had a trading volume of 257,704 shares, compared to its average volume of 155,611. The stock has a market capitalization of $3.00 billion, a PE ratio of 27.15 and a beta of 2.20. The company has a current ratio of 4.65, a quick ratio of 3.42 and a debt-to-equity ratio of 0.26. Rogers has a one year low of $89.21 and a one year high of $206.43. The company has a fifty day simple moving average of $161.02.

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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