$220.00 Million in Sales Expected for Rogers Co. (NYSE:ROG) This Quarter


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Equities analysts expect Rogers Co. (NYSE:ROG) to post $220.00 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Rogers’ earnings. The lowest sales estimate is $219.90 million and the highest is $220.10 million. Rogers reported sales of $198.81 million in the same quarter last year, which indicates a positive year-over-year growth rate of 10.7%. The company is expected to announce its next quarterly earnings report after the market closes on Thursday, April 29th.

On average, analysts expect that Rogers will report full-year sales of $910.50 million for the current financial year, with estimates ranging from $891.00 million to $930.00 million. For the next year, analysts forecast that the company will post sales of $983.70 million, with estimates ranging from $967.40 million to $1.00 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Rogers.

Rogers (NYSE:ROG) last issued its quarterly earnings data on Wednesday, February 17th. The electronics maker reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.16. The firm had revenue of $210.67 million for the quarter, compared to the consensus estimate of $202.80 million. Rogers had a net margin of 0.77% and a return on equity of 9.06%.

A number of analysts have commented on ROG shares. Zacks Investment Research upgraded shares of Rogers from a “hold” rating to a “buy” rating and set a $215.00 price target on the stock in a research report on Wednesday, February 24th. TheStreet upgraded shares of Rogers from a “c+” rating to a “b” rating in a report on Thursday, February 18th. Finally, B. Riley boosted their target price on shares of Rogers from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday.

NYSE:ROG traded down $0.82 during mid-day trading on Friday, hitting $198.78. The stock had a trading volume of 42,312 shares, compared to its average volume of 77,341. Rogers has a 52 week low of $92.01 and a 52 week high of $204.23. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 641.25 and a beta of 1.82. The company has a 50 day simple moving average of $191.32 and a 200-day simple moving average of $159.83. The company has a current ratio of 4.46, a quick ratio of 3.43 and a debt-to-equity ratio of 0.06.

In related news, SVP Jay B. Knoll sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 24th. The shares were sold at an average price of $184.65, for a total transaction of $184,650.00. Following the transaction, the senior vice president now directly owns 11,909 shares of the company’s stock, valued at $2,198,996.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bruce D. Hoechner sold 6,700 shares of the business’s stock in a transaction that occurred on Friday, April 16th. The shares were sold at an average price of $200.51, for a total transaction of $1,343,417.00. Over the last three months, insiders sold 15,800 shares of company stock worth $3,036,667. 1.09% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ROG. BlackRock Inc. grew its position in Rogers by 6.6% during the fourth quarter. BlackRock Inc. now owns 3,255,978 shares of the electronics maker’s stock valued at $505,620,000 after purchasing an additional 202,392 shares in the last quarter. Norges Bank purchased a new position in Rogers during the fourth quarter valued at approximately $29,893,000. Nan Shan Life Insurance Co. Ltd. grew its position in Rogers by 113.4% during the fourth quarter. Nan Shan Life Insurance Co. Ltd. now owns 107,780 shares of the electronics maker’s stock valued at $16,737,000 after purchasing an additional 57,280 shares in the last quarter. Hill City Capital LP acquired a new stake in Rogers in the fourth quarter valued at approximately $7,842,000. Finally, Janus Henderson Group PLC lifted its stake in Rogers by 5.0% in the fourth quarter. Janus Henderson Group PLC now owns 817,543 shares of the electronics maker’s stock valued at $126,956,000 after acquiring an additional 39,213 shares during the last quarter. 94.49% of the stock is currently owned by hedge funds and other institutional investors.

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, and wired infrastructure under the RO4000, RO3000, RT/duroid, TMM, AD Series, CuClad, Kappa, DiClad, IsoClad, COOLSPAN, MAGTREX, TC Series, IM Series, 92ML, and CLTE Series names.

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