Rogers (NYSE:ROG) Posts Earnings Results

Rogers (NYSE:ROGGet Rating) issued its quarterly earnings data on Thursday. The electronics maker reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.39, Briefing.com reports. Rogers had a net margin of 11.59% and a return on equity of 12.51%. The business had revenue of $248.30 million during the quarter, compared to analysts’ expectations of $233.00 million. During the same period last year, the company posted $1.92 EPS. The business’s revenue was up 8.3% on a year-over-year basis.

NYSE ROG opened at $270.72 on Friday. The firm has a market cap of $5.09 billion, a PE ratio of 54.80 and a beta of 1.56. Rogers has a 52 week low of $172.84 and a 52 week high of $274.51. The company has a quick ratio of 2.75, a current ratio of 3.56 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average price of $272.64 and a 200 day moving average price of $265.10.

A number of large investors have recently added to or reduced their stakes in ROG. Deutsche Bank AG grew its position in Rogers by 2,816.0% during the 4th quarter. Deutsche Bank AG now owns 368,005 shares of the electronics maker’s stock worth $100,465,000 after purchasing an additional 355,385 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of Rogers in the 4th quarter valued at $22,073,000. BlackRock Inc. boosted its holdings in shares of Rogers by 0.7% in the 4th quarter. BlackRock Inc. now owns 3,273,574 shares of the electronics maker’s stock valued at $893,685,000 after acquiring an additional 23,695 shares during the last quarter. Barclays PLC boosted its holdings in shares of Rogers by 91.1% in the 4th quarter. Barclays PLC now owns 34,112 shares of the electronics maker’s stock valued at $9,313,000 after acquiring an additional 16,266 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of Rogers by 22.8% in the 2nd quarter. Morgan Stanley now owns 82,272 shares of the electronics maker’s stock valued at $16,519,000 after purchasing an additional 15,299 shares during the period. 92.12% of the stock is currently owned by institutional investors.

A number of equities analysts have commented on the stock. StockNews.com assumed coverage on shares of Rogers in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research upgraded shares of Rogers from a “strong sell” rating to a “hold” rating in a report on Wednesday. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $277.00.

About Rogers (Get Rating)

Rogers Corporation designs, develops, manufactures, and sells 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, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices, and wired infrastructure markets.

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Earnings History for Rogers (NYSE:ROG)

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