News articles about Rogers Corporation (NYSE:ROG) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rogers Corporation earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media headlines about the electronics maker an impact score of 45.4316844055769 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- New Brunswick Creates Crown Corporation To Sell Cannabis (huffingtonpost.ca)
- New Crown corporation to oversee recreational pot sales in province (cbc.ca)
- Some in Congress pushing for space branch of military (arkansasonline.com)
- Rogers Corporation (ROG) SVP Sells $259,291.48 in Stock (americanbankingnews.com)
- UB welcomes ‘Kenny Rogers The Gambler’s Last Deal: Christmas & Hits’ (wnypapers.com)
Rogers Corporation (NYSE:ROG) opened at 126.17 on Friday. The stock has a 50 day moving average price of $118.26 and a 200 day moving average price of $104.08. Rogers Corporation has a 52 week low of $51.98 and a 52 week high of $126.50. The stock has a market capitalization of $2.29 billion, a PE ratio of 30.42 and a beta of 1.15.
Rogers Corporation (NYSE:ROG) last announced its earnings results on Monday, July 31st. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.13. The firm had revenue of $201.40 million during the quarter, compared to analysts’ expectations of $195.60 million. Rogers Corporation had a return on equity of 13.28% and a net margin of 10.21%. The business’s revenue was up 27.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. Equities analysts forecast that Rogers Corporation will post $5.55 EPS for the current year.
ROG has been the subject of several recent analyst reports. Zacks Investment Research downgraded Rogers Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 28th. Sidoti reissued a “buy” rating and issued a $125.00 price target (up previously from $120.00) on shares of Rogers Corporation in a report on Monday, June 19th. BidaskClub downgraded Rogers Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. Royal Bank Of Canada restated an “outperform” rating on shares of Rogers Corporation in a research note on Tuesday, May 23rd. Finally, B. Riley restated a “buy” rating and issued a $147.00 price objective on shares of Rogers Corporation in a research note on Sunday, August 20th. Eight investment analysts have rated the stock with a buy rating, Rogers Corporation currently has an average rating of “Buy” and a consensus target price of $134.25.
In related news, SVP Robert C. Daigle sold 4,485 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $121.52, for a total value of $545,017.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert C. Daigle sold 683 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $124.00, for a total value of $84,692.00. Following the completion of the sale, the senior vice president now directly owns 25,612 shares of the company’s stock, valued at $3,175,888. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,784 shares of company stock valued at $1,641,297. Insiders own 1.50% of the company’s stock.
About Rogers Corporation
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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