Marc J. Beulque Sells 2,865 Shares of Rogers Co. (ROG) Stock
Rogers Co. (NYSE:ROG) VP Marc J. Beulque sold 2,865 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $137.92, for a total value of $395,140.80. Following the sale, the vice president now owns 2,298 shares of the company’s stock, valued at approximately $316,940.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Rogers stock opened at $138.48 on Friday. Rogers Co. has a 12 month low of $105.60 and a 12 month high of $184.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.92 and a quick ratio of 3.72. The company has a market cap of $2.58 billion, a PE ratio of 25.82 and a beta of 1.44.
Rogers (NYSE:ROG) last released its quarterly earnings results on Tuesday, July 31st. The electronics maker reported $1.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.14). Rogers had a return on equity of 13.02% and a net margin of 8.99%. The company had revenue of $214.68 million for the quarter, compared to analysts’ expectations of $214.33 million. During the same quarter last year, the company earned $1.33 EPS. Rogers’s revenue for the quarter was up 6.6% compared to the same quarter last year. sell-side analysts anticipate that Rogers Co. will post 5.47 EPS for the current fiscal year.
ROG has been the subject of several analyst reports. ValuEngine cut Rogers from a “hold” rating to a “sell” rating in a research note on Thursday, May 3rd. Zacks Investment Research upgraded Rogers from a “sell” rating to a “hold” rating in a research note on Thursday, June 28th. Finally, B. Riley cut their price target on Rogers from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, August 1st.
Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. The company's Advanced Connectivity Solutions segment offers circuit materials and solutions for connectivity applications in wireless communications infrastructure, automotive, connected devices, wired infrastructure, consumer electronics, and aerospace/defense.
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