Rogers (NYSE:ROG) Releases Q3 2020 After-Hours Earnings Guidance

Rogers (NYSE:ROG) issued an update on its third quarter 2020
After-Hours earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.90-1.10 for the period, compared to the Thomson Reuters consensus estimate of $1.05. The company issued revenue guidance of $175-190 million, compared to the consensus revenue estimate of $201.77 million.

ROG has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Rogers from a sell rating to a hold rating in a research report on Tuesday, June 30th. B. Riley decreased their price objective on Rogers from $160.00 to $155.00 in a report on Friday. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $135.00.

ROG opened at $119.19 on Friday. The firm has a fifty day moving average price of $122.50 and a 200 day moving average price of $111.92. Rogers has a 1 year low of $75.72 and a 1 year high of $167.19. The stock has a market cap of $2.22 billion, a P/E ratio of 100.16 and a beta of 1.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.38 and a quick ratio of 5.07.

Rogers (NYSE:ROG) last released its quarterly earnings results on Thursday, July 30th. The electronics maker reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.23. Rogers had a net margin of 2.78% and a return on equity of 9.44%. The company had revenue of $191.16 million for the quarter, compared to analyst estimates of $196.65 million. Equities analysts expect that Rogers will post 4.41 EPS for the current year.

In other Rogers news, VP Jeff Tsao sold 305 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $105.49, for a total transaction of $32,174.45. Following the transaction, the vice president now directly owns 2,566 shares of the company’s stock, valued at $270,687.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Keith Barnes sold 425 shares of Rogers stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $111.00, for a total transaction of $47,175.00. Following the completion of the sale, the director now owns 4,725 shares in the company, valued at approximately $524,475. The disclosure for this sale can be found here. Corporate insiders own 1.09% of the company’s stock.

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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