Rogers Corporation (NYSE:ROG) Earns Daily News Impact Rating of 0.23
Headlines about Rogers Corporation (NYSE:ROG) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Rogers Corporation earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the electronics maker an impact score of 45.2997907013558 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several research firms recently issued reports on ROG. Royal Bank Of Canada reiterated an “outperform” rating on shares of Rogers Corporation in a report on Tuesday, May 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $115.00 price objective (up previously from $91.00) on shares of Rogers Corporation in a report on Friday, April 28th. BidaskClub upgraded Rogers Corporation from a “hold” rating to a “buy” rating in a report on Saturday. Sidoti reiterated 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 Rogers Corporation from a “hold” rating to a “strong-buy” rating and set a $122.00 price objective on the stock in a report on Wednesday, May 3rd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $132.25.
Rogers Corporation (ROG) traded up 0.38% during midday trading on Friday, hitting $118.48. The company had a trading volume of 100,372 shares. The stock has a 50 day moving average of $113.97 and a 200 day moving average of $97.75. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 28.57 and a beta of 1.16. Rogers Corporation has a 52-week low of $51.98 and a 52-week high of $123.38.
Rogers Corporation (NYSE:ROG) last released its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.33 EPS for the quarter, beating the consensus estimate of $1.20 by $0.13. Rogers Corporation had a return on equity of 13.28% and a net margin of 10.21%. The company had revenue of $201.40 million for the quarter, compared to analyst estimates of $195.60 million. During the same period last year, the company posted $0.88 earnings per share. The firm’s revenue was up 27.9% compared to the same quarter last year. On average, analysts anticipate that Rogers Corporation will post $5.55 EPS for the current year.
In other Rogers Corporation news, SVP Gary M. Glandon sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $107.50, for a total value of $107,500.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Peter C. Wallace sold 2,000 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $107.28, for a total value of $214,560.00. Following the completion of the transaction, the director now directly owns 14,300 shares in the company, valued at $1,534,104. The disclosure for this sale can be found here. Insiders sold 8,335 shares of company stock worth $961,589 over the last three months. 1.50% of the stock is currently owned by corporate insiders.
About Rogers Corporation
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.
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