Rogers (NYSE:ROG) Updates Q3 2024 Earnings Guidance

Rogers (NYSE:ROG) updated its third quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.750-0.950 for the period, compared to the consensus earnings per share estimate of 0.940. The company issued revenue guidance of $215.0 million-$225.0 million, compared to the consensus revenue estimate of $226.7 million.

Rogers Price Performance

Shares of ROG traded up $0.49 during midday trading on Friday, reaching $123.17. The stock had a trading volume of 333,530 shares, compared to its average volume of 163,483. Rogers has a 52 week low of $105.48 and a 52 week high of $170.88. The firm’s 50 day moving average price is $120.95 and its 200-day moving average price is $117.82. The company has a market capitalization of $2.30 billion, a P/E ratio of 33.86 and a beta of 0.53.

Rogers (NYSE:ROG) last announced its earnings results on Thursday, April 25th. The electronics maker reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The company had revenue of $213.40 million for the quarter, compared to analyst estimates of $210.00 million. Rogers had a return on equity of 5.30% and a net margin of 7.73%. On average, equities analysts forecast that Rogers will post 3.07 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.