Equities Analysts Issue Forecasts for Rogers Co.’s Q2 2024 Earnings (NYSE:ROG)

Rogers Co. (NYSE:ROG) – B. Riley reduced their Q2 2024 earnings per share estimates for Rogers in a note issued to investors on Thursday, April 25th. B. Riley analyst C. Ellis now anticipates that the electronics maker will post earnings per share of $0.60 for the quarter, down from their prior estimate of $0.66. The consensus estimate for Rogers’ current full-year earnings is $2.93 per share. B. Riley also issued estimates for Rogers’ FY2026 earnings at $5.45 EPS.

Rogers (NYSE:ROG) last posted its earnings results on Wednesday, February 21st. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.40). The business had revenue of $204.60 million during the quarter, compared to the consensus estimate of $220.00 million. Rogers had a return on equity of 5.34% and a net margin of 7.73%.

Rogers Stock Up 10.5 %

NYSE ROG opened at $121.03 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.53 and a quick ratio of 3.21. The stock has a market capitalization of $2.26 billion, a PE ratio of 33.25 and a beta of 0.69. Rogers has a 1 year low of $105.48 and a 1 year high of $173.16. The business’s 50-day moving average is $114.46 and its 200 day moving average is $120.99.

Institutional Trading of Rogers

Several large investors have recently modified their holdings of ROG. BKM Wealth Management LLC purchased a new stake in Rogers in the fourth quarter worth about $30,000. AdvisorNet Financial Inc lifted its holdings in Rogers by 136,400.0% in the first quarter. AdvisorNet Financial Inc now owns 1,365 shares of the electronics maker’s stock worth $162,000 after buying an additional 1,364 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in Rogers by 8.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 1,626 shares of the electronics maker’s stock worth $214,000 after buying an additional 132 shares during the period. Great Lakes Advisors LLC purchased a new stake in Rogers in the fourth quarter worth about $222,000. Finally, Asset Management One Co. Ltd. purchased a new stake in Rogers in the third quarter worth about $224,000. 96.02% of the stock is owned by institutional investors.

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.