Rogers (NYSE:ROG) Issues Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Rogers (NYSE:ROG) announced its quarterly earnings data on Thursday. The electronics maker reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.09, Zacks reports. The company had revenue of $214.20 million during the quarter, compared to analyst estimates of $215.00 million. Rogers had a return on equity of 4.68% and a net margin of 6.75%. During the same quarter last year, the firm posted $1.07 EPS. Rogers updated its Q3 2024 guidance to 0.750-0.950 EPS.

Rogers Price Performance

ROG stock traded up $0.47 during mid-day trading on Friday, reaching $123.15. 333,530 shares of the company traded hands, compared to its average volume of 158,823. The company has a market capitalization of $2.30 billion, a P/E ratio of 33.83 and a beta of 0.53. Rogers has a 52-week low of $105.48 and a 52-week high of $170.88. The company has a fifty day moving average price of $121.06 and a 200-day moving average price of $117.80.

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.