Rogers (NYSE:ROG) Releases Q3 2024 Earnings Guidance

Rogers (NYSE:ROG) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.750-0.950 for the period, compared to the consensus EPS 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 Trading Up 0.4 %

ROG stock traded up $0.49 during mid-day trading on Friday, hitting $123.17. 333,530 shares of the company were exchanged, compared to its average volume of 163,483. The company has a market capitalization of $2.30 billion, a PE ratio of 33.86 and a beta of 0.53. Rogers has a twelve month low of $105.48 and a twelve month high of $170.88. The firm has a fifty day simple moving average of $120.95 and a 200 day simple moving average of $117.82.

Rogers (NYSE:ROG) last posted its quarterly earnings results on Thursday, April 25th. The electronics maker reported $0.58 EPS for the quarter, beating the consensus estimate of $0.55 by $0.03. Rogers had a net margin of 7.73% and a return on equity of 5.30%. The business had revenue of $213.40 million during the quarter, compared to analyst estimates of $210.00 million. As a group, sell-side analysts anticipate 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.