Rogers (NYSE:ROG) Issues Q2 2024 Earnings Guidance

Rogers (NYSE:ROG) updated its second quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.500-0.700 for the period, compared to the consensus EPS 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 Trading Up 10.5 %

ROG stock traded up $11.49 during trading on Friday, hitting $121.03. The company had a trading volume of 608,477 shares, 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 firm has a 50-day moving average price of $114.46 and a 200-day moving average price of $121.11. Rogers has a 12 month low of $105.48 and a 12 month high of $173.16. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 33.25 and a beta of 0.69.

Rogers (NYSE:ROG) last released its earnings results on Wednesday, February 21st. The electronics maker reported $0.60 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 business had revenue of $204.60 million for the quarter, compared to analyst estimates of $220.00 million. As a group, analysts predict 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.