Rogers (NYSE:ROG) Issues Q4 2024 Earnings Guidance

Rogers (NYSE:ROG) updated its fourth quarter 2024 earnings guidance on Thursday. 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 Trading Down 1.2 %

Shares of ROG traded down $1.25 during trading hours on Thursday, reaching $99.40. 259,382 shares of the stock traded hands, compared to its average volume of 150,357. Rogers has a 52-week low of $96.41 and a 52-week high of $138.85. The company’s 50-day moving average price is $104.56 and its two-hundred day moving average price is $113.12. The company 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 released its earnings results on Thursday, July 25th. The electronics maker reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.09. Rogers had a net margin of 6.75% and a return on equity of 4.67%. The company had revenue of $214.20 million for the quarter, compared to analysts’ expectations of $215.00 million. During the same quarter in the previous year, the company earned $1.07 EPS. On average, research analysts forecast that Rogers will post 3.04 EPS for the current year.

Insider Activity at Rogers

In related news, VP Brian Keith Larabee sold 600 shares of Rogers stock in a transaction on 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 owns 3,409 shares in the company, valued at approximately $420,568.33. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.35% of the stock is owned by corporate insiders.

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.