Rogers (NYSE:ROG) Cut to C+ at TheStreet

TheStreet downgraded shares of Rogers (NYSE:ROG – Get Rating) from a b rating to a c+ rating in a report released on Friday morning, TheStreetRatingsTable reports.

Several other equities research analysts also recently weighed in on ROG. Zacks Investment Research raised Rogers from a strong sell rating to a hold rating in a report on Wednesday, April 27th. StockNews.com assumed coverage on shares of Rogers in a research note on Thursday, March 31st. They set a hold rating for the company. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $277.00.

NYSE ROG opened at $272.50 on Friday. Rogers has a 12 month low of $172.84 and a 12 month high of $274.51. The stock has a market cap of $5.12 billion, a P/E ratio of 55.16 and a beta of 1.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.56 and a quick ratio of 2.75. The firm has a fifty day moving average of $272.65.

Rogers (NYSE:ROG – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The electronics maker reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.39. Rogers had a return on equity of 11.73% and a net margin of 9.82%. The company had revenue of $248.30 million for the quarter, compared to analyst estimates of $233.00 million. During the same quarter last year, the company posted $1.92 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts expect that Rogers will post 5.3 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mutual of America Capital Management LLC raised its position in Rogers by 2.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 2,560 shares of the electronics maker’s stock worth $699,000 after acquiring an additional 63 shares in the last quarter. CWM LLC purchased a new position in shares of Rogers in the 4th quarter valued at about $632,000. Invesco Ltd. lifted its stake in shares of Rogers by 12.5% in the third quarter. Invesco Ltd. now owns 325,264 shares of the electronics maker’s stock valued at $60,655,000 after purchasing an additional 36,149 shares during the period. Eagle Bay Advisors LLC boosted its holdings in Rogers by 17.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 366 shares of the electronics maker’s stock worth $100,000 after buying an additional 54 shares in the last quarter. Finally, Versor Investments LP purchased a new position in Rogers in the fourth quarter valued at about $76,375,000. 99.21% of the stock is owned by hedge funds and other institutional investors.

Rogers Company Profile (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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