Rogers Corp. (NYSE: ROG) has reported earnings for its third fiscal quarter (ending September 30) of $0.58 versus $1.02 for the same period a year ago — a decline of -43%. E.P.S. were $2.68 for the latest four quarters through September 30 versus $5.38 for the same period a year ago — a decline of -50%.
Recent Price Action
On 10/24/24, Rogers Corp. (NYSE: ROG) stock declined modestly by -1.1%, closing at $99.50. Moreover, exceptionally high trading volume at 230% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months and has declined -4.8% during the last week.
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 C (Low Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Rogers has a neutral Appreciation Score of 46 and a neutral Power Rating of 46, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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