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

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

Rogers Stock Up 1.8 %

ROG traded up $1.82 during midday trading on Friday, hitting $101.32. 244,188 shares of the company traded hands, compared to its average volume of 150,811. The firm has a market capitalization of $1.89 billion, a PE ratio of 27.84 and a beta of 0.50. The company’s 50-day moving average is $104.46 and its 200 day moving average is $112.96. Rogers has a 52 week low of $96.10 and a 52 week high of $138.85.

Insider Buying and Selling at Rogers

In other Rogers news, VP Brian Keith Larabee sold 600 shares of the company’s stock in a transaction dated 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.