Gary M. Glandon Sells 3,000 Shares of Rogers Co. (ROG) Stock
Rogers Co. (NYSE:ROG) SVP Gary M. Glandon sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $150.01, for a total value of $450,030.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of ROG stock opened at $152.99 on Friday. Rogers Co. has a 12 month low of $105.60 and a 12 month high of $184.00. The stock has a market cap of $2.83 billion, a PE ratio of 26.39 and a beta of 1.54. The company has a current ratio of 4.92, a quick ratio of 3.72 and a debt-to-equity ratio of 0.17.
Rogers (NYSE:ROG) last announced its quarterly earnings results on Tuesday, July 31st. The electronics maker reported $1.19 EPS for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.14). Rogers had a net margin of 8.99% and a return on equity of 13.02%. The firm had revenue of $214.68 million for the quarter, compared to analyst estimates of $214.33 million. During the same period in the previous year, the business posted $1.33 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. equities analysts predict that Rogers Co. will post 5.47 EPS for the current year.
Several research firms recently weighed in on ROG. ValuEngine raised Rogers from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Zacks Investment Research raised Rogers from a “sell” rating to a “hold” rating in a research note on Tuesday. B. Riley raised their price objective on Rogers from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 18th. Finally, Sidoti reissued a “buy” rating and set a $175.00 price target on shares of Rogers in a research note on Thursday, September 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Rogers presently has a consensus rating of “Buy” and an average price target of $175.25.
Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. The company's Advanced Connectivity Solutions segment offers circuit materials and solutions for connectivity applications in wireless communications infrastructure, automotive, connected devices, wired infrastructure, consumer electronics, and aerospace/defense.
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