Rogers (NYSE:ROG) Updates Q3 2024 Earnings Guidance

Rogers (NYSE:ROG) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.750-0.950 for the period, compared to the consensus earnings per share 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 Stock Performance

Shares of ROG traded up $0.49 during midday trading on Friday, hitting $123.17. 333,530 shares of the stock were exchanged, compared to its average volume of 163,483. Rogers has a 52-week low of $105.48 and a 52-week high of $170.88. The stock has a fifty day simple moving average of $120.95 and a 200 day simple moving average of $117.82. The firm has a market cap of $2.30 billion, a P/E ratio of 33.86 and a beta of 0.53.

Rogers (NYSE:ROG) last released its quarterly earnings results on Thursday, April 25th. The electronics maker reported $0.58 EPS for the quarter, topping the consensus estimate of $0.55 by $0.03. Rogers had a return on equity of 5.30% and a net margin of 7.73%. The business had revenue of $213.40 million during the quarter, compared to analyst estimates of $210.00 million. As a group, equities research analysts forecast that Rogers will post 3.07 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.