News stories about Rogers (NYSE:ROG) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Rogers earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news coverage about the electronics maker an impact score of 46.0120262224585 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s rankings:
Rogers (NYSE:ROG) traded up $3.15 during mid-day trading on Friday, hitting $171.61. 163,321 shares of the company were exchanged, compared to its average volume of 171,332. Rogers has a 1 year low of $77.72 and a 1 year high of $184.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.74 and a current ratio of 3.74. The stock has a market capitalization of $3,073.37, a price-to-earnings ratio of 37.15 and a beta of 1.17.
Rogers (NYSE:ROG) last issued its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.15. The company had revenue of $206.80 million during the quarter, compared to the consensus estimate of $198.16 million. Rogers had a return on equity of 14.22% and a net margin of 10.88%. Rogers’s revenue was up 25.1% on a year-over-year basis. During the same period last year, the company earned $0.86 earnings per share. research analysts anticipate that Rogers will post 5.85 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the stock. ValuEngine lowered shares of Rogers from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of Rogers from a “hold” rating to a “strong-buy” rating and set a $171.00 target price for the company in a report on Wednesday, November 8th. Needham & Company LLC reissued a “buy” rating and issued a $165.00 target price on shares of Rogers in a report on Friday, November 3rd. Finally, B. Riley reissued a “buy” rating and issued a $180.00 target price on shares of Rogers in a report on Friday, December 15th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Rogers currently has a consensus rating of “Buy” and an average price target of $164.00.
In other news, SVP Jeffrey M. Grudzien sold 1,888 shares of Rogers stock in a transaction on Monday, November 20th. The stock was sold at an average price of $158.27, for a total transaction of $298,813.76. Following the completion of the sale, the senior vice president now directly owns 24,192 shares in the company, valued at $3,828,867.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.
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Rogers Company Profile
Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense.
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