Rogers (NYSE:ROG – Get Free Report) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.50-0.70 for the period, compared to the consensus EPS 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 Stock Performance
NYSE ROG traded up $11.49 during trading hours on Friday, reaching $121.03. 608,477 shares of the company were exchanged, compared to its average volume of 130,577. 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 capitalization of $2.26 billion, a P/E ratio of 33.21 and a beta of 0.69. Rogers has a 1 year low of $105.48 and a 1 year high of $173.16. The business’s 50 day simple moving average is $114.41 and its 200-day simple moving average is $121.16.
Rogers (NYSE:ROG – Get Free Report) last released its earnings results on Wednesday, February 21st. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.40). Rogers had a return on equity of 5.34% and a net margin of 7.73%. The firm had revenue of $204.60 million during the quarter, compared to analysts’ expectations of $220.00 million. On average, equities research 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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