Rogers (NYSE:ROG) Raised to Buy at Wall Street Zen

by · The Markets Daily

Rogers (NYSE:ROG – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.

ROG has been the subject of a number of other reports. Zacks Research upgraded shares of Rogers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 28th. B. Riley Financial decreased their price objective on shares of Rogers from $225.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 22nd. Weiss Ratings downgraded Rogers from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday. Finally, Freedom Broker raised shares of Rogers to a “strong-buy” rating in a report on Thursday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $195.00.

Check Out Our Latest Report on ROG

Rogers Trading Down 0.3%

NYSE ROG opened at $132.65 on Friday. The company has a market cap of $2.36 billion, a PE ratio of 52.43 and a beta of 0.42. The stock’s 50-day moving average price is $135.96 and its two-hundred day moving average price is $127.41. Rogers has a 1 year low of $75.14 and a 1 year high of $169.00.

Rogers (NYSE:ROG – Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The electronics maker reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.20. Rogers had a return on equity of 5.89% and a net margin of 5.30%. The business had revenue of $236.10 million for the quarter, compared to analyst estimates of $238.00 million. Research analysts forecast that Rogers will post 4.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Rogers

A number of hedge funds and other institutional investors have recently made changes to their positions in ROG. State of Wyoming purchased a new stake in Rogers in the 2nd quarter worth approximately $42,000. Integrated Wealth Concepts LLC purchased a new stake in Rogers during the second quarter worth approximately $52,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Rogers in the second quarter valued at about $67,000. Parallel Advisors LLC increased its position in Rogers by 19.7% during the 1st quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker’s stock worth $94,000 after purchasing an additional 144 shares during the period. Finally, Nykredit A S purchased a new stake in Rogers during the second quarter worth $149,000. Institutional investors own 96.02% of the company’s stock.

Key Rogers News

Here are the key news stories impacting Rogers this week:

  • Positive Sentiment: Zacks upgraded Rogers Corporation from “hold” to “strong-buy,” providing a potentially meaningful boost to investor sentiment and signaling greater confidence in the company’s earnings outlook. Zacks upgrades Rogers to strong-buy
  • Positive Sentiment: Rogers reported quarterly EPS of $1.39, ahead of the $1.19 analyst consensus. The earnings beat helped drive earlier strength in the shares and supports the case for improving profitability. Rogers shares gap up following better-than-expected earnings
  • Neutral Sentiment: The company’s quarterly revenue of $236.1 million was slightly below the $238 million consensus estimate. This creates a mixed earnings picture: profitability exceeded expectations, while top-line demand was somewhat softer than forecast.
  • Neutral Sentiment: Rogers published its third-quarter earnings presentation, giving investors additional information on operating performance and management’s outlook. Rogers Corporation third-quarter results presentation
  • Negative Sentiment: The stock’s recent weakness may reflect profit-taking and valuation concerns after a strong rebound. Rogers trades at a relatively high earnings multiple, while its revenue miss could make investors more sensitive to signs of slowing demand.

Rogers Company Profile

(Get Free Report)

Rogers Corporation (NYSE: ROG) is a global manufacturer of engineered materials and specialty components used in demanding applications. The company develops high-performance elastomers, polymer composites, laminates and other material technologies designed to provide electrical insulation, thermal management, vibration control, protection and reliability.

Its products are used in electric and hybrid vehicles, power electronics, telecommunications and 5G infrastructure, aerospace and defense systems, healthcare equipment, renewable energy systems and various industrial applications.

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