Rogers Reaches New 52-Week High at $65.75 (ROG)
Rogers (NYSE:ROG) hit a new 52-week high during trading on Friday , American Banking News reports. The stock traded as high as $65.75 and last traded at $65.67, with a volume of 41,220 shares traded. The stock had previously closed at $64.08.
Separately, analysts at Zacks downgraded shares of Rogers from an “outperform” rating to a “neutral” rating in a research note on Monday, April 28th. They now have a $68.10 price target on the stock.
The stock has a 50-day moving average of $60.94 and a 200-day moving average of $60.76. The company has a market cap of $1.189 billion and a price-to-earnings ratio of 25.38.
Rogers (NYSE:ROG) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.73 by $0.06. The company had revenue of $146.64 million for the quarter, compared to the consensus estimate of $137.35 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 16.4% on a year-over-year basis. Analysts expect that Rogers will post $3.30 EPS for the current fiscal year.
In other Rogers news, Director Carol R. Jensen sold 2,250 shares of Rogers stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $61.97, for a total transaction of $139,432.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Rogers Corporation (NYSE:ROG) is the supplier of a range of specialty materials and components for the portable communications, communications infrastructure, consumer electronics, mass transit, automotive, defense, and clean technology.
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