Rogers (NYSE:ROG) Releases Q3 2024 Earnings Guidance

Rogers (NYSE:ROG) updated its third quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.750-0.950 for the period, compared to the consensus 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 Down 2.5 %

Shares of NYSE:ROG traded down $3.14 during trading on Thursday, hitting $122.68. 216,494 shares of the company’s stock traded hands, compared to its average volume of 162,897. Rogers has a 52 week low of $105.48 and a 52 week high of $171.14. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 33.70 and a beta of 0.53. The company has a 50-day moving average price of $120.95 and a 200-day moving average price of $117.82.

Rogers (NYSE:ROG) last released its quarterly earnings data on Thursday, April 25th. The electronics maker reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.03. The business had revenue of $213.40 million for the quarter, compared to analysts’ expectations of $210.00 million. Rogers had a return on equity of 5.30% and a net margin of 7.73%. On average, analysts predict that Rogers will post 3.07 earnings per share for the current fiscal 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.