Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Rogers Corporation (ROG) Share Price
Media stories about Rogers Corporation (NYSE:ROG) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rogers Corporation earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave headlines about the electronics maker an impact score of 45.6347658699758 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- NASA administrator, Congressman Rogers, Lt. Gov. visit space science center (moreheadstate.edu)
- Key Words: Jim Rogers: When this bull market ends, ‘you don’t want the 26-year-old around’ (marketwatch.com)
- Need to Know: Jim Rogers says ETF holders will get mauled by ‘the worst’ bear market ever (marketwatch.com)
- Rogers Corporation (ROG) SVP Robert C. Daigle Sells 509 Shares (americanbankingnews.com)
- Rogers Corporation (ROG) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
Several research analysts have recently issued reports on ROG shares. BidaskClub cut Rogers Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Sidoti reissued a “buy” rating and issued a $125.00 price target (up previously from $120.00) on shares of Rogers Corporation in a research note on Monday, June 19th. Zacks Investment Research cut Rogers Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. B. Riley reissued a “buy” rating and issued a $120.00 price target on shares of Rogers Corporation in a research note on Monday, July 31st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $135.00 price target (up previously from $115.00) on shares of Rogers Corporation in a research note on Wednesday, August 2nd. Eight research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of $134.25.
Rogers Corporation (NYSE ROG) opened at 127.02 on Friday. Rogers Corporation has a 52 week low of $51.98 and a 52 week high of $128.53. The company has a market cap of $2.31 billion, a PE ratio of 30.63 and a beta of 1.15. The company’s 50-day moving average price is $118.88 and its 200 day moving average price is $105.01.
Rogers Corporation (NYSE:ROG) last released its earnings results on Monday, July 31st. The electronics maker reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.13. The company had revenue of $201.40 million during the quarter, compared to analysts’ expectations of $195.60 million. Rogers Corporation had a return on equity of 13.28% and a net margin of 10.21%. The business’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period last year, the firm earned $0.88 EPS. On average, analysts anticipate that Rogers Corporation will post $5.55 EPS for the current year.
In other news, SVP Robert C. Daigle sold 509 shares of Rogers Corporation stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $128.15, for a total value of $65,228.35. Following the completion of the sale, the senior vice president now directly owns 22,915 shares of the company’s stock, valued at approximately $2,936,557.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carol R. Jensen sold 3,500 shares of Rogers Corporation stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $115.79, for a total value of $405,265.00. Following the completion of the sale, the director now directly owns 10,088 shares of the company’s stock, valued at $1,168,089.52. The disclosure for this sale can be found here. Insiders sold a total of 14,838 shares of company stock valued at $1,776,187 over the last three months. Insiders own 1.50% of the company’s stock.
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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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