Rogers Co. (NYSE:ROG) Expected to Post Earnings of $1.37 Per Share

Brokerages expect Rogers Co. (NYSE:ROG) to announce $1.37 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Rogers’ earnings. The lowest EPS estimate is $1.36 and the highest is $1.38. Rogers reported earnings per share of $1.42 in the same quarter last year, which suggests a negative year-over-year growth rate of 3.5%. The business is scheduled to announce its next quarterly 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 year, analysts anticipate that the company will report earnings of $7.60 per share, with EPS estimates ranging from $7.45 to $7.75. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Rogers.

Rogers (NYSE:ROG) last announced its earnings results on Wednesday, July 31st. The electronics maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.09. Rogers had a return on equity of 14.54% and a net margin of 10.39%. The business had revenue of $242.90 million for the quarter, compared to analysts’ expectations of $244.90 million. During the same period last year, the firm posted $1.19 earnings per share. The business’s revenue for the quarter was up 13.1% on a year-over-year basis.

Several research analysts have recently commented on ROG shares. Zacks Investment Research downgraded Rogers from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. ValuEngine downgraded Rogers from a “buy” rating to a “hold” rating in a research note on Thursday. B. Riley raised their price objective on Rogers from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Stifel Nicolaus started coverage on Rogers in a research note on Thursday, May 30th. They issued a “buy” rating and a $200.00 price objective on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $190.80.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Private Capital Group LLC increased its stake in Rogers by 48.6% in the 1st quarter. Private Capital Group LLC now owns 214 shares of the electronics maker’s stock worth $34,000 after acquiring an additional 70 shares during the last quarter. Ellis Investment Partners LLC bought a new stake in Rogers in the 1st quarter worth approximately $104,000. Advisor Group Inc. increased its stake in Rogers by 9.6% in the 4th quarter. Advisor Group Inc. now owns 1,385 shares of the electronics maker’s stock worth $137,000 after acquiring an additional 121 shares during the last quarter. Creative Planning bought a new stake in Rogers in the 2nd quarter worth approximately $201,000. Finally, Virtu Financial LLC bought a new stake in Rogers in the 1st quarter worth approximately $206,000. 99.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE ROG traded down $10.43 during trading on Friday, hitting $142.91. The company had a trading volume of 226,290 shares, compared to its average volume of 153,688. The company has a 50 day simple moving average of $164.27. The company has a quick ratio of 3.42, a current ratio of 4.65 and a debt-to-equity ratio of 0.26. Rogers has a 12 month low of $89.21 and a 12 month high of $206.43. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 24.77 and a beta of 2.16.

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 and Estimates for Rogers (NYSE:ROG)

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