Rogers (NYSE:ROG) Updates Q2 Earnings Guidance

Rogers (NYSE:ROG) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.50-0.70 for the period, compared to the consensus EPS estimate of $0.70. The company issued revenue guidance of $210-220 million, compared to the consensus revenue estimate of $216.80 million.

Rogers Stock Up 0.4 %

Shares of NYSE ROG traded up $0.47 during trading on Thursday, reaching $109.54. The company had a trading volume of 203,991 shares, compared to its average volume of 152,096. Rogers has a 12-month low of $105.48 and a 12-month high of $173.16. The business’s 50-day moving average is $114.61 and its 200 day moving average is $121.24. The stock has a market cap of $2.04 billion, a PE ratio of 36.24 and a beta of 0.69. The company has a quick ratio of 3.21, a current ratio of 4.53 and a debt-to-equity ratio of 0.02.

Rogers (NYSE:ROG) last released its quarterly earnings data on Wednesday, February 21st. The electronics maker reported $0.60 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.40). The company had revenue of $204.60 million for the quarter, compared to analysts’ expectations of $220.00 million. Rogers had a net margin of 6.23% and a return on equity of 5.82%. As a group, equities analysts forecast that Rogers will post 2.93 earnings per share for the current fiscal year.

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.