Rogers Co. Expected to Post Q2 2019 Earnings of $1.55 Per Share (ROG)

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Rogers Co. (NYSE:ROG) – Equities research analysts at B. Riley raised their Q2 2019 EPS estimates for shares of Rogers in a report released on Wednesday, May 1st, according to Zacks Investment Research. B. Riley analyst C. Ellis now expects that the electronics maker will post earnings per share of $1.55 for the quarter, up from their prior forecast of $1.42. B. Riley currently has a “Buy” rating and a $210.00 price target on the stock. B. Riley also issued estimates for Rogers’ Q3 2019 earnings at $1.62 EPS, Q1 2020 earnings at $1.82 EPS, Q2 2020 earnings at $2.02 EPS, Q3 2020 earnings at $2.16 EPS, Q4 2020 earnings at $2.20 EPS and FY2020 earnings at $8.20 EPS.

A number of other equities analysts have also recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $155.00 price target on shares of Rogers in a report on Thursday, February 21st. ValuEngine upgraded Rogers from a “hold” rating to a “buy” rating in a report on Wednesday, February 27th. Finally, Zacks Investment Research upgraded Rogers from a “hold” rating to a “buy” rating and set a $214.00 price target on the stock in a report on Friday, May 3rd. Five equities research analysts have rated the stock with a buy rating, Rogers has a consensus rating of “Buy” and a consensus price target of $188.50.

Shares of Rogers stock traded down $30.82 on Thursday, reaching $142.04. 933,000 shares of the company’s stock were exchanged, compared to its average volume of 170,628. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 24.62 and a beta of 2.06. 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 0.26, a quick ratio of 3.42 and a current ratio of 4.65.

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

In other news, VP Marc J. Beulque sold 3,890 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $152.50, for a total transaction of $593,225.00. Following the transaction, the vice president now directly owns 2,748 shares of the company’s stock, valued at $419,070. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert C. Daigle sold 13,294 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $191.13, for a total value of $2,540,882.22. Following the transaction, the senior vice president now directly owns 27,229 shares in the company, valued at $5,204,278.77. The disclosure for this sale can be found here. Insiders have sold 40,035 shares of company stock worth $6,763,170 over the last ninety days. 1.09% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROG. Thrivent Financial for Lutherans raised its position in Rogers by 90.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 402,566 shares of the electronics maker’s stock valued at $39,878,000 after buying an additional 190,848 shares during the last quarter. Norges Bank purchased a new stake in Rogers in the 4th quarter valued at $18,528,000. Ellis Investment Partners LLC purchased a new stake in Rogers in the 1st quarter valued at $104,000. ACK Asset Management LLC raised its position in Rogers by 93.8% in the 1st quarter. ACK Asset Management LLC now owns 203,500 shares of the electronics maker’s stock valued at $27,104,000 after buying an additional 98,500 shares during the last quarter. Finally, William Blair Investment Management LLC raised its position in Rogers by 5.0% in the 1st quarter. William Blair Investment Management LLC now owns 1,514,044 shares of the electronics maker’s stock valued at $240,551,000 after buying an additional 72,356 shares during the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Rogers (NYSE:ROG)

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