$1.37 EPS Expected for Rogers Co. (NYSE:ROG) This Quarter

Wall Street brokerages predict that Rogers Co. (NYSE:ROG) will post earnings of $1.37 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Rogers’ earnings, with estimates ranging from $1.36 to $1.38. Rogers reported earnings of $1.42 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 3.5%. The firm is expected to issue its next earnings results on Thursday, November 7th.

According to Zacks, analysts expect that Rogers will report full year earnings of $6.30 per share for the current fiscal year. For the next fiscal year, analysts expect that the firm will post earnings of $7.60 per share, with EPS estimates ranging from $7.45 to $7.75. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Rogers.

Rogers (NYSE:ROG) last released its earnings results on Wednesday, July 31st. The electronics maker reported $1.64 EPS for the quarter, topping the consensus estimate of $1.55 by $0.09. Rogers had a net margin of 10.39% and a return on equity of 14.33%. The firm had revenue of $242.90 million for the quarter, compared to the consensus estimate of $244.90 million. During the same quarter in the previous year, the firm earned $1.19 earnings per share. The company’s quarterly revenue was up 13.1% compared to the same quarter last year.

ROG has been the topic of several research reports. Zacks Investment Research cut shares of Rogers from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Stifel Nicolaus initiated coverage on shares of Rogers in a research report on Thursday, May 30th. They issued a “buy” rating and a $200.00 price target on the stock. Finally, ValuEngine cut shares of Rogers from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $194.75.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in Rogers by 1.1% in the second quarter. BlackRock Inc. now owns 2,695,362 shares of the electronics maker’s stock worth $465,166,000 after purchasing an additional 28,524 shares during the last quarter. Vanguard Group Inc. increased its position in Rogers by 1.5% in the second quarter. Vanguard Group Inc. now owns 1,963,507 shares of the electronics maker’s stock worth $338,863,000 after purchasing an additional 29,301 shares during the last quarter. William Blair Investment Management LLC increased its position in Rogers by 5.0% in the first quarter. William Blair Investment Management LLC now owns 1,514,044 shares of the electronics maker’s stock worth $240,551,000 after purchasing an additional 72,356 shares during the last quarter. Conestoga Capital Advisors LLC increased its position in Rogers by 2.6% in the second quarter. Conestoga Capital Advisors LLC now owns 564,966 shares of the electronics maker’s stock worth $97,502,000 after purchasing an additional 14,579 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Rogers by 17.9% in the second quarter. Wells Fargo & Company MN now owns 380,761 shares of the electronics maker’s stock worth $65,711,000 after purchasing an additional 57,753 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Shares of ROG stock traded down $1.25 during mid-day trading on Tuesday, hitting $146.00. The company had a trading volume of 138,846 shares, compared to its average volume of 183,497. Rogers has a 52-week low of $89.21 and a 52-week high of $206.43. The stock’s 50 day moving average price is $138.10 and its 200-day moving average price is $155.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.52 and a quick ratio of 3.33. The company has a market capitalization of $2.67 billion, a P/E ratio of 25.30 and a beta of 2.23.

About Rogers

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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