Rogers (NYSE:ROG) Updates Q2 Earnings Guidance

Rogers (NYSE:ROG) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.50-0.70 for the period, compared to the consensus estimate of $0.70. The company issued revenue guidance of $210-220 million, compared to the consensus revenue estimate of $216.80 million. Rogers also updated its Q2 2024 guidance to 0.500-0.700 EPS.

Rogers Trading Up 10.5 %

Shares of ROG traded up $11.49 on Friday, reaching $121.03. 608,477 shares of the company’s stock were exchanged, compared to its average volume of 130,577. The company has a current ratio of 4.53, a quick ratio of 3.21 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $2.26 billion, a P/E ratio of 33.25 and a beta of 0.69. The business has a 50 day moving average price of $114.46 and a two-hundred day moving average price of $121.11. Rogers has a 12 month low of $105.48 and a 12 month high of $173.16.

Rogers (NYSE:ROG) last posted its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.40). The business had revenue of $204.60 million for the quarter, compared to the consensus estimate of $220.00 million. Rogers had a return on equity of 5.34% and a net margin of 7.73%. Research analysts anticipate that Rogers will post 2.93 earnings per share for the current year.

About Rogers

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.