Rogers Corporation (ROG) Earns Coverage Optimism Rating of 0.24

Media headlines about Rogers Corporation (NYSE:ROG) have trended somewhat positive on Tuesday, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rogers Corporation earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned media headlines about the electronics maker an impact score of 44.9208924072167 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

ROG has been the subject of a number of research reports. BidaskClub upgraded shares of Rogers Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. B. Riley restated a “buy” rating and issued a $147.00 price objective on shares of Rogers Corporation in a report on Tuesday, August 15th. Needham & Company LLC restated a “buy” rating and issued a $135.00 price objective (up previously from $115.00) on shares of Rogers Corporation in a report on Wednesday, August 2nd. Sidoti restated a “buy” rating and issued a $125.00 price objective (up previously from $120.00) on shares of Rogers Corporation in a report on Monday, June 19th. Finally, Zacks Investment Research upgraded shares of Rogers Corporation from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Friday, August 18th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Rogers Corporation presently has an average rating of “Buy” and an average price target of $134.25.

Rogers Corporation (NYSE ROG) opened at 139.53 on Tuesday. The firm has a market cap of $2.54 billion, a PE ratio of 33.65 and a beta of 1.16. The firm’s 50-day moving average is $127.48 and its 200 day moving average is $111.47. Rogers Corporation has a 12-month low of $51.98 and a 12-month high of $139.74.

Rogers Corporation (NYSE:ROG) last issued its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.13. Rogers Corporation had a net margin of 10.21% and a return on equity of 13.28%. The company had revenue of $201.40 million during the quarter, compared to the consensus estimate of $195.60 million. During the same quarter last year, the company earned $0.88 earnings per share. Rogers Corporation’s revenue for the quarter was up 27.9% on a year-over-year basis. Equities research analysts predict that Rogers Corporation will post $5.55 EPS for the current year.

In other news, SVP Jeffrey M. Grudzien sold 3,042 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $114.08, for a total transaction of $347,031.36. Following the completion of the sale, the senior vice president now owns 28,022 shares of the company’s stock, valued at $3,196,749.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert C. Daigle sold 208 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $135.86, for a total transaction of $28,258.88. The disclosure for this sale can be found here. Insiders sold 40,466 shares of company stock valued at $5,189,628 in the last ninety days. 1.50% of the stock is owned by corporate insiders.

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Rogers Corporation Company Profile

Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense.

Insider Buying and Selling by Quarter for Rogers Corporation (NYSE:ROG)

Insider Buying and Selling by Quarter for Rogers Corporation (NYSE:ROG)

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