Rogers Sets New 52-Week High at $67.73 (ROG)
Rogers (NYSE:ROG)’s share price reached a new 52-week high during trading on Tuesday , Stock Ratings Network reports. The company traded as high as $67.73 and last traded at $67.67, with a volume of 35,710 shares. The stock had previously closed at $66.35.
A number of research firms have recently commented on ROG. Analysts at DA Davidson reiterated a “buy” rating on shares of Rogers in a research note on Monday, June 16th. They now have a $77.00 price target on the stock, up previously from $69.00. 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’s 50-day moving average is $63.28 and its 200-day moving average is $61.23. The company has a market cap of $1.225 billion and a P/E ratio of 26.28.
Rogers (NYSE:ROG) last announced its 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. Analysts expect that Rogers will post $3.30 EPS for the current fiscal year.
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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