Rogers (NYSE:ROG) Posts Earnings Results, Beats Expectations By $0.13 EPS

Rogers (NYSE:ROG) issued its quarterly earnings data on Thursday. The electronics maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13, Zacks reports. The firm had revenue of $210.30 million during the quarter, compared to analysts’ expectations of $220.20 million. Rogers had a return on equity of 4.67% and a net margin of 6.75%. During the same period in the prior year, the business posted $1.24 EPS. Rogers updated its Q4 2024 guidance to 0.300-0.600 EPS.

Rogers Stock Performance

ROG stock traded up $1.82 during trading on Friday, reaching $101.32. The company had a trading volume of 244,188 shares, compared to its average volume of 150,811. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 27.84 and a beta of 0.50. Rogers has a twelve month low of $96.10 and a twelve month high of $138.85. The firm has a 50-day simple moving average of $104.46 and a 200-day simple moving average of $112.96.

Insiders Place Their Bets

In other Rogers news, VP Brian Keith Larabee sold 600 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now owns 3,409 shares of the company’s stock, valued at approximately $420,568.33. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.35% of the stock is 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.