Rogers Director Carol R. Jensen Sells 1,000 Shares (ROG)
Rogers (NYSE:ROG) Director Carol R. Jensen sold 1,000 shares of Rogers stock on the open market in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $60.93, for a total value of $60,930.00. Following the sale, the director now directly owns 14,388 shares in the company, valued at approximately $876,661. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
ROG has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Rogers from a “neutral” rating to an “underperform” rating in a research note on Monday, July 21st. They now have a $61.40 price target on the stock. Separately, analysts at DA Davidson cut their price target on shares of Rogers from $77.00 to $75.00 in a research note on Friday, July 18th. They now have a “buy” rating on the stock. Finally, 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.
Rogers (NYSE:ROG) traded down 0.18% during mid-day trading on Thursday, hitting $60.00. The stock had a trading volume of 34,370 shares. Rogers has a 1-year low of $55.19 and a 1-year high of $68.34. The stock’s 50-day moving average is $61.23 and its 200-day moving average is $61.86. The company has a market cap of $1.096 billion and a P/E ratio of 21.67.
Rogers (NYSE:ROG) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.02. The company had revenue of $153.50 million for the quarter, compared to the consensus estimate of $153.50 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. On average, analysts predict that Rogers will post $2.80 earnings per share 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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