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

Rogers (NYSE:ROG – Get Rating) was downgraded by research analysts at TheStreet from a “b” rating to a “c+” rating in a research note issued to investors on Friday, TheStreetRatingsTable reports.

ROG has been the topic of a number of other research reports. StockNews.com assumed coverage on shares of Rogers in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research raised Rogers from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 27th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, Rogers has a consensus rating of “Hold” and a consensus target price of $277.00.

ROG stock opened at $272.50 on Friday. The firm has a market cap of $5.12 billion, a PE ratio of 55.16 and a beta of 1.47. The business has a 50-day moving average price of $272.65. Rogers has a fifty-two week low of $172.84 and a fifty-two week high of $274.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.75 and a current ratio of 3.56.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC acquired a new stake in shares of Rogers during the 4th quarter valued at $25,000. Parkside Financial Bank & Trust raised its position in shares of Rogers by 61.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 97 shares of the electronics maker’s stock worth $26,000 after purchasing an additional 37 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Rogers by 89.8% during the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 53 shares during the last quarter. Concord Wealth Partners acquired a new position in shares of Rogers in the 4th quarter valued at $78,000. Finally, Hardy Reed LLC purchased a new position in Rogers in the 1st quarter worth about $82,000. 99.21% of the stock is currently owned by 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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