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Rogers (NYSE:ROG) Shares Gap Down - What's Next?

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Key Points

  • Rogers shares gapped down from $136.75 to $128.05 and were last trading near $126.30, down about 2.5%, with a market capitalization of approximately $2.26 billion.
  • Analyst sentiment remains cautious: Rogers has a consensus “Hold” rating and a $200 average price target, despite B. Riley’s $200 price objective and “Buy” rating.
  • The company’s latest quarterly EPS of $0.92 missed estimates of $0.99, while revenue of $216.8 million exceeded forecasts; institutional investors and hedge funds own approximately 96.02% of the stock.
  • Interested in Rogers? Here are five stocks we like better.

Shares of Rogers Corporation (NYSE:ROG - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $136.75, but opened at $128.05. Rogers shares last traded at $126.3040, with a volume of 7,571 shares.

More Rogers News

Here are the key news stories impacting Rogers this week:

  • Neutral Sentiment: Rogers schools announced seven new Cambridge International courses; this is unrelated to Rogers Corporation. Rogers schools adding seven new Cambridge International courses
  • Neutral Sentiment: Other reports covered fee-waived pet adoptions in Rogers, Arkansas, a local shooting, high-school and professional athletes, and political coverage involving Mike Rogers. None involves the publicly traded company. Fee-waived adoptions in Rogers
  • Neutral Sentiment: Mary Kay’s digital-transformation announcement quotes CEO Ryan Rogers, while Smith+Nephew reported the departure of CFO John Rogers; both developments concern different companies and should not be attributed to ROG. Mary Kay accelerates beauty innovation

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Rogers from a "sell (d)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. Zacks Research downgraded Rogers from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 23rd. Wall Street Zen lowered shares of Rogers from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Finally, B. Riley Financial boosted their price objective on Rogers to $200.00 and gave the stock a "buy" rating in a report on Monday, June 15th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Rogers has a consensus rating of "Hold" and an average price target of $200.00.

Read Our Latest Analysis on Rogers

Rogers Stock Down 2.5%

The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 72.29 and a beta of 0.51. The business's 50 day simple moving average is $141.61 and its 200 day simple moving average is $126.98.

Rogers (NYSE:ROG - Get Free Report) last announced its earnings results on Tuesday, July 28th. The electronics maker reported $0.92 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.07). The company had revenue of $216.80 million for the quarter, compared to the consensus estimate of $215.00 million. Rogers had a return on equity of 5.17% and a net margin of 3.75%.Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. Equities research analysts forecast that Rogers Corporation will post 3.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rogers

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ROG. Granahan Investment Management LLC acquired a new position in Rogers in the first quarter valued at about $3,528,000. Strs Ohio bought a new stake in shares of Rogers during the first quarter worth $880,000. Summit Global Investments bought a new stake in Rogers during the 2nd quarter worth $1,648,000. Edgestream Partners L.P. increased its stake in shares of Rogers by 135.0% in the first quarter. Edgestream Partners L.P. now owns 74,898 shares of the electronics maker's stock valued at $8,039,000 after buying an additional 43,029 shares during the period. Finally, Atreides Management LP increased its position in Rogers by 8.2% in the 1st quarter. Atreides Management LP now owns 186,085 shares of the electronics maker's stock valued at $19,973,000 after acquiring an additional 14,165 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

About Rogers

(Get Free Report)

Rogers Corporation NYSE: ROG is a global technology and materials company specializing in the development and manufacture of engineered materials and components. The company designs and produces a broad portfolio of high-performance elastomeric, foam, silicone, adhesive and thermal management solutions, as well as advanced circuit board laminates. Its products are engineered to meet stringent requirements in areas such as electrical insulation, thermal performance and electromagnetic shielding.

Rogers serves a diverse range of end markets, including automotive, aerospace and defense, telecommunications, consumer electronics and industrial applications.

See Also

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