Rogers Co. (NYSE:ROG) Receives Consensus Rating of “Hold” from Brokerages

Rogers Co. (NYSE:ROGGet Rating) has been given an average recommendation of “Hold” by the eight research firms that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $286.00.

ROG has been the topic of several recent analyst reports. TheStreet cut shares of Rogers from a “b” rating to a “c+” rating in a report on Friday, April 29th. Zacks Investment Research upgraded shares of Rogers from a “hold” rating to a “strong-buy” rating and set a $313.00 price target on the stock in a report on Thursday, May 5th. Finally, StockNews.com initiated coverage on shares of Rogers in a report on Thursday, March 31st. They issued a “hold” rating on the stock.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Rogers by 0.7% during the 4th quarter. BlackRock Inc. now owns 3,273,574 shares of the electronics maker’s stock valued at $893,685,000 after buying an additional 23,695 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Rogers by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 2,060,836 shares of the electronics maker’s stock valued at $559,930,000 after buying an additional 18,285 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Rogers by 8.6% during the 3rd quarter. Janus Henderson Group PLC now owns 981,181 shares of the electronics maker’s stock valued at $182,971,000 after buying an additional 77,810 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Rogers by 1.5% during the 3rd quarter. Wellington Management Group LLP now owns 886,951 shares of the electronics maker’s stock valued at $165,398,000 after buying an additional 12,851 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Rogers by 2.9% during the 1st quarter. State Street Corp now owns 594,665 shares of the electronics maker’s stock valued at $161,570,000 after buying an additional 16,769 shares in the last quarter. Hedge funds and other institutional investors own 99.21% of the company’s stock.

Shares of NYSE ROG opened at $259.33 on Monday. The company has a quick ratio of 2.63, a current ratio of 3.58 and a debt-to-equity ratio of 0.17. Rogers has a 52 week low of $176.00 and a 52 week high of $274.51. The firm’s fifty day moving average is $270.88 and its 200 day moving average is $271.68. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 52.50 and a beta of 1.47.

Rogers (NYSE:ROGGet Rating) last issued its earnings results on Thursday, April 28th. The electronics maker reported $1.53 EPS for the quarter, topping the consensus estimate of $1.14 by $0.39. Rogers had a net margin of 9.82% and a return on equity of 11.68%. The company had revenue of $248.30 million for the quarter, compared to the consensus estimate of $233.00 million. During the same period in the previous year, the firm earned $1.92 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities research analysts anticipate that Rogers will post 6.15 earnings per share for the current year.

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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