Rogers (NYSE:ROG – Get Free Report) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.50-0.70 for the period, compared to the consensus earnings per share estimate of $0.70. The company issued revenue guidance of $210-220 million, compared to the consensus revenue estimate of $216.80 million. Rogers also updated its Q2 2024 guidance to 0.500-0.700 EPS.
Rogers Stock Up 10.5 %
ROG stock traded up $11.49 during trading on Friday, hitting $121.03. 608,477 shares of the stock traded hands, compared to its average volume of 130,577. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.53 and a quick ratio of 3.21. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 33.21 and a beta of 0.69. Rogers has a 1 year low of $105.48 and a 1 year high of $173.16. The firm’s 50 day moving average is $114.41 and its two-hundred day moving average is $121.16.
Rogers (NYSE:ROG – Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.40). Rogers had a net margin of 7.73% and a return on equity of 5.34%. The firm had revenue of $204.60 million for the quarter, compared to analysts’ expectations of $220.00 million. On average, sell-side 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.
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