Rogers (ROG) to Release Quarterly Earnings on Thursday

Rogers (NYSE:ROG) will be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.55 per share for the quarter. Rogers has set its Q1 2024 guidance at 0.450-0.650 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Rogers (NYSE:ROG) last released its earnings results on Wednesday, February 21st. The electronics maker reported $0.60 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.40). Rogers had a return on equity of 5.82% and a net margin of 6.23%. The firm had revenue of $204.60 million during the quarter, compared to analyst estimates of $220.00 million. On average, analysts expect Rogers to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Rogers Stock Down 3.6 %

ROG stock opened at $105.75 on Thursday. Rogers has a one year low of $105.73 and a one year high of $173.16. The stock has a market capitalization of $1.97 billion, a PE ratio of 34.90 and a beta of 0.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.21 and a current ratio of 4.53. The company has a fifty day moving average of $115.57 and a 200-day moving average of $121.99.

Institutional Trading of Rogers

Several hedge funds have recently made changes to their positions in ROG. American Century Companies Inc. increased its holdings in shares of Rogers by 6.2% in the 1st quarter. American Century Companies Inc. now owns 2,860 shares of the electronics maker’s stock valued at $777,000 after purchasing an additional 168 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Rogers by 78.5% in the 1st quarter. Bank of Montreal Can now owns 9,379 shares of the electronics maker’s stock valued at $2,559,000 after purchasing an additional 4,125 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Rogers by 55.1% in the 1st quarter. MetLife Investment Management LLC now owns 9,945 shares of the electronics maker’s stock valued at $2,702,000 after purchasing an additional 3,534 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Rogers by 13.0% in the 1st quarter. Rhumbline Advisers now owns 39,668 shares of the electronics maker’s stock valued at $10,778,000 after purchasing an additional 4,576 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Rogers by 0.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 16,187 shares of the electronics maker’s stock valued at $4,512,000 after purchasing an additional 61 shares in the last quarter. Institutional investors and hedge funds own 96.02% 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.