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

Rogers Co. (NYSE:ROG) – Research analysts at B. Riley decreased their Q2 2024 EPS estimates for shares of Rogers in a research note issued on Thursday, April 25th. B. Riley analyst C. Ellis now anticipates that the electronics maker will earn $0.60 per share for the quarter, down from their previous 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 announced its earnings results on Wednesday, February 21st. The electronics maker reported $0.60 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.40). Rogers had a return on equity of 5.34% and a net margin of 7.73%. The business had revenue of $204.60 million for the quarter, compared to analysts’ expectations of $220.00 million.

Rogers Price Performance

Shares of ROG opened at $121.03 on Monday. Rogers has a fifty-two week low of $105.48 and a fifty-two week high of $173.16. The firm’s 50 day moving average price is $114.46 and its 200 day moving average price is $120.99. The company has a market cap of $2.26 billion, a P/E ratio of 33.25 and a beta of 0.69. The company has a quick ratio of 3.21, a current ratio of 4.53 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On Rogers

Large investors have recently added to or reduced their stakes in the business. BKM Wealth Management LLC purchased a new stake in Rogers during the 4th quarter worth approximately $30,000. AdvisorNet Financial Inc increased its position in shares of Rogers by 136,400.0% in the 1st quarter. AdvisorNet Financial Inc now owns 1,365 shares of the electronics maker’s stock valued at $162,000 after purchasing an additional 1,364 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of Rogers by 8.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,626 shares of the electronics maker’s stock valued at $214,000 after purchasing an additional 132 shares during the last quarter. Great Lakes Advisors LLC purchased a new stake in shares of Rogers in the 4th quarter valued at approximately $222,000. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of Rogers in the 3rd quarter valued at approximately $224,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

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.