Rogers VP Debra J. Granger Sells 7,750 Shares (ROG)
Rogers (NYSE:ROG) VP Debra J. Granger sold 7,750 shares of Rogers stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $65.75, for a total transaction of $509,562.50. Following the sale, the vice president now directly owns 5,366 shares of the company’s stock, valued at approximately $352,815. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Rogers (NYSE:ROG) traded up 0.71% on Tuesday, hitting $66.73. 91,749 shares of the company’s stock traded hands. Rogers has a 52 week low of $45.17 and a 52 week high of $67.30. The stock’s 50-day moving average is $61.10 and its 200-day moving average is $60.81. The company has a market cap of $1.209 billion and a price-to-earnings ratio of 26.24.
Rogers (NYSE:ROG) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. On average, analysts predict that Rogers will post $3.30 earnings per share for the current fiscal year.
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.
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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