Rogers (NYSE:ROG) Releases Q2 Earnings Guidance

Rogers (NYSE:ROG) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.50-0.70 for the period, compared to the consensus earnings per share 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

Shares of Rogers stock traded up $11.49 on Friday, hitting $121.03. 608,477 shares of the company’s stock were exchanged, compared to its average volume of 130,577. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.21 and a current ratio of 4.53. The stock has a market capitalization of $2.26 billion, a PE 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 company has a 50-day simple moving average of $114.41 and a 200-day simple moving average of $121.16.

Rogers (NYSE:ROG) last announced its quarterly earnings data 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 net margin of 7.73% and a return on equity of 5.34%. The company had revenue of $204.60 million for the quarter, compared to the consensus estimate of $220.00 million. As a group, equities analysts anticipate that Rogers will post 2.93 EPS 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.