Rogers (NYSE:ROG) Posts Earnings Results, Beats Expectations By $0.29 EPS

Rogers (NYSE:ROG) posted its quarterly earnings results on Tuesday. The electronics maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.29, FiscalAI reports. Rogers had a negative net margin of 8.35% and a positive return on equity of 2.92%.

Rogers Stock Performance

Shares of ROG stock traded down $5.21 on Tuesday, hitting $102.59. The company had a trading volume of 302,136 shares, compared to its average volume of 156,106. Rogers has a twelve month low of $51.43 and a twelve month high of $112.81. The firm has a market cap of $1.85 billion, a P/E ratio of -28.26 and a beta of 0.40. The stock’s 50-day moving average is $97.18 and its two-hundred day moving average is $86.55.

Institutional Investors Weigh In On Rogers

Institutional investors have recently modified their holdings of the company. Kemnay Advisory Services Inc. bought a new position in Rogers during the fourth quarter worth $42,000. Virtus Advisers LLC acquired a new stake in shares of Rogers during the 3rd quarter worth approximately $127,000. Quadrant Capital Group LLC acquired a new position in shares of Rogers during the 3rd quarter valued at $130,000. Vise Technologies Inc. bought a new position in Rogers during the fourth quarter worth $204,000. Finally, Maryland State Retirement & Pension System bought a new stake in Rogers in the fourth quarter valued at $222,000. 96.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. B. Riley Financial reissued a “buy” rating on shares of Rogers in a report on Thursday, October 30th. Wall Street Zen raised shares of Rogers from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Zacks Research lowered shares of Rogers from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Rogers in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $85.00.

About Rogers

Rogers Corporation (NYSE: ROG) is a global technology and materials company specializing in the development and manufacture of engineered materials and components. The company designs and produces a broad portfolio of high-performance elastomeric, foam, silicone, adhesive and thermal management solutions, as well as advanced circuit board laminates. Its products are engineered to meet stringent requirements in areas such as electrical insulation, thermal performance and electromagnetic shielding.

Rogers serves a diverse range of end markets, including automotive, aerospace and defense, telecommunications, consumer electronics and industrial applications.