Rogers (NYSE:ROG) Updates Q2 2024 Earnings Guidance

Rogers (NYSE:ROG) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.500-0.700 for the period, compared to the consensus earnings per share 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 Up 0.4 %

ROG traded up $0.47 during mid-day trading on Thursday, reaching $109.54. 201,244 shares of the stock were exchanged, compared to its average volume of 152,096. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.21 and a current ratio of 4.53. The stock has a market capitalization of $2.04 billion, a PE ratio of 36.15 and a beta of 0.69. The company has a 50 day moving average price of $114.61 and a two-hundred day moving average price of $121.24. Rogers has a 1 year low of $105.48 and a 1 year high of $173.16.

Rogers (NYSE:ROG) last issued its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.40). The company had revenue of $204.60 million during the quarter, compared to analysts’ expectations of $220.00 million. Rogers had a return on equity of 5.82% and a net margin of 6.23%. As a group, research analysts anticipate that Rogers will post 2.93 EPS 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.