For its second fiscal quarter (ending June 30), Rogers Corp. (NYSE: ROG) has reported a -54% decline in E.P.S. from $0.96 a year ago to $0.44 in the current quarter. This performance was $-0.16 short of the consensus estimate of $0.60. E.P.S. were $3.12 for the latest four quarters through June 30 versus $5.15 for the same period a year ago — a decline of -39%.
Recent Price Action
Rogers Corp. (NYSE: ROG) stock closed at $122.68 on 7/25/24 after a decline of -2.5%. Moreover, trading volume in this decline was above average at 127% of normal. The stock has declined -6.4% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
ROG’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Rogers has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Rogers has a slightly negative Appreciation Score of 36 and a slightly negative Power Rating of 33, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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