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 (EPS) guidance of $0.50-0.70 for the period, compared to the consensus estimate of $0.70. The company issued revenue guidance of $210-220 million, compared to the consensus revenue estimate of $216.80 million.

Rogers Stock Performance

ROG stock traded up $0.47 during trading on Thursday, reaching $109.54. 203,991 shares of the company’s stock were exchanged, compared to its average volume of 152,096. The firm has a market cap of $2.04 billion, a PE ratio of 36.24 and a beta of 0.69. The company’s fifty day moving average price is $114.61 and its 200-day moving average price is $121.24. Rogers has a 1-year low of $105.48 and a 1-year high of $173.16. The company has a quick ratio of 3.21, a current ratio of 4.53 and a debt-to-equity ratio of 0.02.

Rogers (NYSE:ROG) last issued its quarterly 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). The firm had revenue of $204.60 million for the quarter, compared to the consensus estimate of $220.00 million. Rogers had a net margin of 6.23% and a return on equity of 5.82%. On average, research analysts expect that Rogers will post 2.93 EPS for the current fiscal 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.