Rogers (NYSE:ROG) Issues Q4 2024 Earnings Guidance

Rogers (NYSE:ROG) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.300-0.600 for the period, compared to the consensus EPS estimate of 0.830. The company issued revenue guidance of $185.0 million-$200.0 million, compared to the consensus revenue estimate of $211.8 million.

Rogers Price Performance

Shares of Rogers stock traded down $1.25 during trading hours on Thursday, reaching $99.40. The company’s stock had a trading volume of 259,382 shares, compared to its average volume of 150,357. The firm has a 50 day moving average price of $104.56 and a 200-day moving average price of $113.12. Rogers has a one year low of $96.41 and a one year high of $138.85. The stock has a market cap of $1.85 billion, a P/E ratio of 31.86 and a beta of 0.50.

Rogers (NYSE:ROG) last issued its quarterly earnings results on Thursday, July 25th. The electronics maker reported $0.69 EPS for the quarter, beating the consensus estimate of $0.60 by $0.09. The company had revenue of $214.20 million for the quarter, compared to the consensus estimate of $215.00 million. Rogers had a net margin of 6.75% and a return on equity of 4.67%. During the same period in the prior year, the firm posted $1.07 EPS. As a group, sell-side analysts forecast that Rogers will post 3.04 EPS for the current fiscal year.

Insider Activity at Rogers

In related news, VP Brian Keith Larabee sold 600 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $123.37, for a total transaction of $74,022.00. Following the transaction, the vice president now directly owns 3,409 shares in the company, valued at approximately $420,568.33. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.35% of the stock is currently owned by insiders.

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.