Rogers (NYSE:ROG) Announces Quarterly Earnings Results

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

Rogers Stock Up 0.4 %

NYSE:ROG traded up $0.47 during mid-day trading on Friday, hitting $123.15. 333,530 shares of the company traded hands, compared to its average volume of 158,823. The stock’s fifty day moving average price is $120.95 and its 200-day moving average price is $117.82. Rogers has a one year low of $105.48 and a one year high of $170.88. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 33.84 and a beta of 0.53.

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.