Rogers (NYSE:ROG) Issues Q2 2024 Earnings Guidance

Rogers (NYSE:ROG) issued an update on its second quarter 2024 earnings guidance on Thursday morning. 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 Stock Performance

Shares of NYSE:ROG traded up $11.49 on Friday, reaching $121.03. 608,477 shares of the company’s stock were exchanged, compared to its average volume of 130,577. The company has a current ratio of 4.53, a quick ratio of 3.21 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 33.25 and a beta of 0.69. The company has a fifty day moving average of $114.46 and a 200-day moving average of $121.11. Rogers has a twelve month low of $105.48 and a twelve month high of $173.16.

Rogers (NYSE:ROG) last posted its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.40). The firm had revenue of $204.60 million for the quarter, compared to analyst estimates of $220.00 million. Rogers had a return on equity of 5.34% and a net margin of 7.73%. On average, research analysts predict that Rogers will post 2.93 EPS for the current fiscal 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.