Q1 2018 EPS Estimates for Rogers Co. Reduced by B. Riley (ROG)
Rogers Co. (NYSE:ROG) – B. Riley cut their Q1 2018 earnings per share estimates for Rogers in a report issued on Wednesday. B. Riley analyst C. Ellis now forecasts that the electronics maker will post earnings of $1.40 per share for the quarter, down from their prior forecast of $1.60. B. Riley currently has a “Buy” rating and a $180.00 price target on the stock. B. Riley also issued estimates for Rogers’ Q2 2018 earnings at $1.51 EPS, Q3 2018 earnings at $1.63 EPS, Q4 2018 earnings at $1.62 EPS, FY2018 earnings at $6.17 EPS, FY2019 earnings at $7.50 EPS and FY2020 earnings at $8.30 EPS.
Other research analysts have also issued research reports about the company. Needham & Company LLC reaffirmed a “buy” rating and set a $175.00 price target (down previously from $180.00) on shares of Rogers in a research report on Thursday. ValuEngine lowered Rogers from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research lowered Rogers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $162.75.
Rogers (NYSE:ROG) last issued its earnings results on Tuesday, February 27th. The electronics maker reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.06). The business had revenue of $209.01 million for the quarter, compared to analyst estimates of $206.50 million. Rogers had a return on equity of 14.72% and a net margin of 9.80%.
Large investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its holdings in shares of Rogers by 178.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 782 shares of the electronics maker’s stock valued at $105,000 after purchasing an additional 501 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Rogers by 59.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 916 shares of the electronics maker’s stock valued at $148,000 after purchasing an additional 340 shares during the period. Quantbot Technologies LP increased its holdings in shares of Rogers by 852.9% in the third quarter. Quantbot Technologies LP now owns 1,134 shares of the electronics maker’s stock valued at $151,000 after purchasing an additional 1,015 shares during the period. Ameritas Investment Partners Inc. increased its holdings in shares of Rogers by 10.2% in the second quarter. Ameritas Investment Partners Inc. now owns 1,584 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 147 shares during the period. Finally, LPL Financial LLC acquired a new position in shares of Rogers in the fourth quarter valued at approximately $201,000. 93.08% of the stock is currently owned by institutional investors and hedge funds.
In other Rogers news, SVP Jeffrey M. Grudzien sold 1,430 shares of Rogers stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $155.83, for a total transaction of $222,836.90. Following the transaction, the senior vice president now owns 23,293 shares of the company’s stock, valued at $3,629,748.19. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jay B. Knoll sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $131.78, for a total value of $164,725.00. Following the completion of the transaction, the senior vice president now directly owns 5,909 shares in the company, valued at approximately $778,688.02. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
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Rogers 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.
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