Rogers (NYSE:ROG) Stock Rating Upgraded by Zacks Research

Rogers (NYSE:ROG) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Rogers Stock Performance

Shares of ROG stock opened at $80.69 on Monday. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of -22.86 and a beta of 0.51. Rogers has a 52 week low of $51.43 and a 52 week high of $114.05. The firm’s 50-day simple moving average is $76.00 and its two-hundred day simple moving average is $69.61.

Rogers (NYSE:ROG) last announced its quarterly earnings data on Thursday, July 31st. The electronics maker reported $0.34 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.16). The company had revenue of $202.80 million during the quarter, compared to the consensus estimate of $198.75 million. Rogers had a positive return on equity of 3.04% and a negative net margin of 8.14%. Rogers has set its Q3 2025 guidance at 0.500-0.900 EPS. Analysts forecast that Rogers will post 3.57 earnings per share for the current year.

Hedge Funds Weigh In On Rogers

Several large investors have recently modified their holdings of ROG. Norges Bank purchased a new position in shares of Rogers in the second quarter worth about $89,111,000. Atreides Management LP purchased a new position in shares of Rogers in the second quarter worth about $12,888,000. Clearline Capital LP purchased a new position in shares of Rogers in the first quarter worth about $11,771,000. Ameriprise Financial Inc. increased its stake in shares of Rogers by 38.3% in the second quarter. Ameriprise Financial Inc. now owns 596,713 shares of the electronics maker’s stock worth $40,863,000 after purchasing an additional 165,174 shares in the last quarter. Finally, Invenomic Capital Management LP purchased a new position in shares of Rogers in the first quarter worth about $7,243,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

About Rogers

Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.