Rogers (ROG) Earning Somewhat Favorable Press Coverage, Accern Reports
Headlines about Rogers (NYSE:ROG) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Rogers earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the electronics maker an impact score of 45.83789776647 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern’s scoring:
- Rogers couple facing perjury charges over court order (nwaonline.com)
- Rogers Man Sentenced to 28 Year in Prison for Robbery, Beating (nwahomepage.com)
- Davison has nine champs in winning Genesee County wrestling tourney (mlive.com)
- Indoor track: Rogers sets Bergen County record in first indoor meet (northjersey.com)
- County to accept new proposals for Rogers Lake-area property (azdailysun.com)
ROG has been the subject of a number of research analyst reports. B. Riley restated a “buy” rating and issued a $147.00 target price on shares of Rogers in a report on Sunday, August 20th. Needham & Company LLC restated a “buy” rating and issued a $165.00 target price on shares of Rogers in a report on Friday, November 3rd. Zacks Investment Research lowered Rogers from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, ValuEngine lowered Rogers from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $160.25.
Shares of Rogers (NYSE:ROG) traded up $4.29 during trading hours on Friday, hitting $160.86. The company had a trading volume of 230,791 shares, compared to its average volume of 178,596. The company has a current ratio of 3.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.18. Rogers has a twelve month low of $74.24 and a twelve month high of $168.07. The stock has a market capitalization of $2,930.00, a price-to-earnings ratio of 30.00 and a beta of 1.16.
Rogers (NYSE:ROG) last announced its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $1.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.15. Rogers had a return on equity of 14.22% and a net margin of 10.88%. The business had revenue of $206.80 million during the quarter, compared to analyst estimates of $198.16 million. During the same period last year, the company earned $0.86 earnings per share. Rogers’s quarterly revenue was up 25.1% compared to the same quarter last year. sell-side analysts anticipate that Rogers will post 5.85 earnings per share for the current fiscal year.
In related news, SVP Robert C. Daigle sold 208 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $135.86, for a total transaction of $28,258.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruce D. Hoechner sold 23,200 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $133.23, for a total value of $3,090,936.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,570 shares of company stock valued at $3,847,144. 1.50% of the stock is owned by corporate insiders.
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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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