Rogers (NYSE:ROG) Updates Q4 2024 Earnings Guidance

Rogers (NYSE:ROG) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.300-0.600 for the period, compared to the consensus earnings per share estimate of 0.830. The company issued revenue guidance of $185.0 million-$200.0 million, compared to the consensus revenue estimate of $211.8 million.

Rogers Trading Up 1.8 %

Shares of ROG stock traded up $1.82 during trading hours on Friday, hitting $101.32. The company’s stock had a trading volume of 244,188 shares, compared to its average volume of 150,811. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 27.84 and a beta of 0.50. Rogers has a twelve month low of $96.10 and a twelve month high of $138.85. The business has a fifty day moving average of $104.56 and a 200-day moving average of $113.12.

Rogers (NYSE:ROG) last announced its earnings results on Thursday, July 25th. The electronics maker reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.09. The firm had revenue of $214.20 million for the quarter, compared to analyst estimates of $215.00 million. Rogers had a net margin of 6.75% and a return on equity of 4.67%. During the same quarter last year, the business earned $1.07 earnings per share. On average, equities analysts expect that Rogers will post 3.04 EPS for the current fiscal year.

Insider Activity

In other news, VP Brian Keith Larabee sold 600 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $123.37, for a total transaction of $74,022.00. Following the completion of the sale, the vice president now directly owns 3,409 shares in the company, valued at $420,568.33. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.35% of the company’s stock.

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.