Rogers (NYSE:ROG – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.500-0.700 for the period, compared to the consensus estimate of 0.700. The company issued revenue guidance of $210.0 million-$220.0 million, compared to the consensus revenue estimate of $216.8 million. Rogers also updated its Q2 guidance to $0.50-0.70 EPS.
Rogers Stock Performance
NYSE ROG traded up $0.47 on Thursday, hitting $109.54. The stock had a trading volume of 201,244 shares, compared to its average volume of 152,096. The company’s 50-day moving average is $114.61 and its two-hundred day moving average is $121.24. The company has a quick ratio of 3.21, a current ratio of 4.53 and a debt-to-equity ratio of 0.02. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 36.15 and a beta of 0.69. Rogers has a one year low of $105.48 and a one year high of $173.16.
Rogers (NYSE:ROG – Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.40). Rogers had a net margin of 6.23% and a return on equity of 5.82%. The company had revenue of $204.60 million during the quarter, compared to the consensus estimate of $220.00 million. On average, analysts expect that Rogers will post 2.93 earnings per share for the current year.
Rogers Company Profile
Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.
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