Rogers (NYSE:ROG) Raised to “Strong-Buy” at Zacks Research

Rogers (NYSE:ROG) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Several other research firms have also commented on ROG. Wall Street Zen lowered shares of Rogers from a “buy” rating to a “hold” rating in a research note on Monday, August 31st. Weiss Ratings lowered shares of Rogers from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday. Freedom Broker upgraded shares of Rogers to a “strong-buy” rating in a report on Thursday, October 1st. Finally, B. Riley Financial dropped their price target on Rogers from $225.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $195.00.

Rogers Stock Down 0.6%

ROG opened at $139.93 on Wednesday. Rogers has a 52 week low of $75.14 and a 52 week high of $169.00. The stock has a market cap of $2.50 billion, a PE ratio of 55.31 and a beta of 0.43. The business has a 50 day moving average of $135.84 and a 200-day moving average of $127.22.

Rogers (NYSE:ROG) last issued its quarterly earnings results on Tuesday, October 27th. The electronics maker reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.20. The company had revenue of $236.10 million for the quarter, compared to analysts’ expectations of $238.00 million. Rogers had a return on equity of 5.89% and a net margin of 5.30%. Equities analysts anticipate that Rogers will post 4.06 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vise Technologies Inc. boosted its position in shares of Rogers by 21.8% during the third quarter. Vise Technologies Inc. now owns 2,993 shares of the electronics maker’s stock valued at $458,000 after buying an additional 535 shares during the last quarter. Leeward Investments LLC MA grew its stake in shares of Rogers by 4.7% during the 3rd quarter. Leeward Investments LLC MA now owns 328,731 shares of the electronics maker’s stock valued at $50,293,000 after purchasing an additional 14,872 shares during the period. Pinnacle Associates Ltd. increased its position in shares of Rogers by 8.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 56,581 shares of the electronics maker’s stock valued at $8,656,000 after purchasing an additional 4,411 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Rogers by 26.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,659 shares of the electronics maker’s stock valued at $713,000 after purchasing an additional 964 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Rogers by 12.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,054 shares of the electronics maker’s stock valued at $161,000 after purchasing an additional 117 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Rogers

Here are the key news stories impacting Rogers this week:

• Positive Sentiment: Rogers Corporation reported third-quarter earnings of $1.39 per share, exceeding the $1.19 analyst consensus. The improvement was supported by significant profit-margin expansion and potential demand from artificial-intelligence applications, helping drive the stock’s sharp opening advance. Why Rogers Stock Popped 13% at the Open Before Cooling Off
• Positive Sentiment: Quarterly revenue was $236.1 million. While slightly below the $238 million estimate, the earnings beat and advance in quarterly income appear to have outweighed the modest sales shortfall. Rogers Corp Announces Advance in Q3 Income
• Neutral Sentiment: Analysts and financial commentary note that ROG has rebounded substantially and may now trade above estimated fair value. With a reported price-to-earnings ratio above 55, further gains may depend on sustained earnings growth rather than the latest quarterly beat. Rogers Stock Looks Above Fair Value After Its 56% Rebound
• Neutral Sentiment: Several other articles refer to Michigan Senate candidate Mike Rogers, Rogers Communications, or customers of Rogers Communications. Those stories do not concern Rogers Corporation and should not be treated as catalysts for NYSE: ROG.
• Neutral Sentiment: A $15 million Canadian penalty involving marketing of “Infinite” wireless plans applies to Rogers Communications, not Rogers Corporation. It therefore has no direct financial effect on ROG. Rogers Hit With $15M Fine Over Deceptive Marketing

About Rogers

Rogers Corporation (NYSE: ROG) is a global manufacturer of engineered materials and specialty components used in demanding applications. The company develops high-performance elastomers, polymer composites, laminates and other material technologies designed to provide electrical insulation, thermal management, vibration control, protection and reliability.

Its products are used in electric and hybrid vehicles, power electronics, telecommunications and 5G infrastructure, aerospace and defense systems, healthcare equipment, renewable energy systems and various industrial applications.