Analysts Anticipate Rogers Co. (NYSE:ROG) to Post $1.37 Earnings Per Share

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Equities analysts forecast that Rogers Co. (NYSE:ROG) will announce $1.37 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Rogers’ earnings, with the lowest EPS estimate coming in at $1.36 and the highest estimate coming in at $1.38. Rogers posted earnings of $1.42 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 3.5%. The business is scheduled to report its next quarterly earnings results on Thursday, November 7th.

On average, analysts expect that Rogers will report full year earnings of $6.30 per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will report earnings of $7.60 per share, with EPS estimates ranging from $7.45 to $7.75. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Rogers.

Rogers (NYSE:ROG) last announced its quarterly earnings results on Wednesday, July 31st. The electronics maker reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.09. Rogers had a net margin of 10.39% and a return on equity of 14.33%. The firm had revenue of $242.90 million for the quarter, compared to the consensus estimate of $244.90 million. During the same period in the prior year, the firm posted $1.19 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis.

A number of equities research analysts have recently issued reports on ROG shares. ValuEngine downgraded shares of Rogers from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded shares of Rogers from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 3rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Rogers has a consensus rating of “Buy” and an average price target of $194.75.

Shares of Rogers stock traded up $4.49 on Thursday, reaching $151.59. The stock had a trading volume of 150,200 shares, compared to its average volume of 179,081. Rogers has a 1 year low of $89.21 and a 1 year high of $206.43. The company has a market cap of $2.77 billion, a P/E ratio of 26.27 and a beta of 2.20. The company has a current ratio of 4.52, a quick ratio of 3.33 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $138.17 and its two-hundred day moving average is $153.21.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its stake in Rogers by 1.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 8,930 shares of the electronics maker’s stock valued at $1,541,000 after purchasing an additional 99 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Rogers by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 7,222 shares of the electronics maker’s stock valued at $1,246,000 after purchasing an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Rogers by 1.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 5,520 shares of the electronics maker’s stock valued at $953,000 after purchasing an additional 100 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Rogers by 1.7% in the second quarter. State of Alaska Department of Revenue now owns 6,316 shares of the electronics maker’s stock valued at $1,090,000 after purchasing an additional 103 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Rogers in the second quarter valued at approximately $25,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Rogers Company Profile

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates in Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES), and Other segments. The ACS segment offers circuit materials and solutions for connectivity applications in wireless infrastructure, automotive, aerospace and defense, connected devices, wired infrastructure, and consumer electronics under the RO3000, RO4000, RT/duroid, TMM, AD Series, and CLTE Series names.

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Earnings History and Estimates for Rogers (NYSE:ROG)

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