Rogers Corporation (ROG) Releases Earnings Results, Beats Expectations By $0.31 EPS

Rogers Corporation (ROG) reported quarterly earnings results on Monday, May-2-2016. The company said it had a profit of $0.94 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.31. Analysts had a consensus of $0.63. The company posted revenue of $160.57 million in the period, compared to analysts expectations of $151.24 million. The company’s revenue was down -2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS.

Many Wall Street Analysts have commented on Rogers Corporation. Rogers Corporation was Initiated by Drexel Hamilton to “Buy” on Mar 11, 2016.

Rogers Corporation opened for trading at $58.78 and hit $59.88 on the upside on Wednesday, eventually ending the session at $58.64, with a gain of 0.12% or 0.07 points. The heightened volatility saw the trading volume jump to 62,613 shares. Company has a market cap of $1,054 M.

In a different news, on Mar 8, 2016, Jeffrey M Grudzien (VP, Advanced Circuit Materials) sold 1,450 shares at $57.50 per share price. According to the SEC, on Mar 7, 2016, Robert G Paul (director) sold 1,700 shares at $55.46 per share price. On Aug 24, 2015, Carol R Jensen (director) sold 800 shares at $58.19 per share price, according to the Form-4 filing with the securities and exchange commission.

Rogers Corporation is a supplier of specialty materials products. The Company supplies products across a range of end markets including portable communications communications infrastructure consumer electronics mass transit automotive defense and clean technology. The Company operates through segments: Printed Circuit Materials (PCM) High Performance Foams (HPF) Power Electronics Solutions (PES) and Others. The Printed Circuit Materials segment includes printed circuit board laminate products for high frequency and high performance applications. The High Performance Foams segment includes polyurethane and silicone foam as well as solid products manufactured in roll stock sheet and molded formats. The Power Electronics Solutions segment consists of direct bond copper (DBC) ceramic substrate products and busbar power distribution products. The Other segment consists of elastomer components floats and inverter distribution activities.

Rogers Corporation

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