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

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

Rogers Trading Up 1.8 %

Shares of ROG traded up $1.82 during mid-day trading on Friday, hitting $101.32. The company’s stock had a trading volume of 244,188 shares, compared to its average volume of 150,811. Rogers has a 1-year low of $96.10 and a 1-year high of $138.85. The firm has a market capitalization of $1.89 billion, a P/E ratio of 27.84 and a beta of 0.50. The firm has a 50-day simple moving average of $104.46 and a 200 day simple moving average of $112.96.

Insider Activity at Rogers

In other Rogers news, VP Brian Keith Larabee sold 600 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $123.37, for a total value of $74,022.00. Following the completion of the transaction, the vice president now owns 3,409 shares in the company, valued at approximately $420,568.33. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.35% of the company’s stock.

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.