Rogers (NYSE:ROG) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.75-0.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.17. The company issued revenue guidance of $185-200 million, compared to the consensus revenue estimate of $214.43 million.Rogers also updated its Q1 2020
After-Hours guidance to 0.75-0.95 EPS.
Shares of ROG stock traded down $0.58 during mid-day trading on Friday, hitting $110.18. 413,945 shares of the stock were exchanged, compared to its average volume of 125,641. The firm has a fifty day moving average of $123.74 and a 200 day moving average of $132.53. The company has a quick ratio of 3.05, a current ratio of 4.36 and a debt-to-equity ratio of 0.14. Rogers has a 52-week low of $106.01 and a 52-week high of $206.43. The company has a market cap of $2.06 billion, a PE ratio of 43.72 and a beta of 2.10.
Rogers (NYSE:ROG) last posted its earnings results on Thursday, February 20th. The electronics maker reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.08. Rogers had a net margin of 5.27% and a return on equity of 12.84%. The business had revenue of $193.80 million for the quarter, compared to analyst estimates of $204.87 million. During the same period in the prior year, the company posted $1.67 EPS. The company’s revenue for the quarter was down 13.1% on a year-over-year basis. Equities analysts predict that Rogers will post 5.93 EPS for the current year.
Rogers Company Profile
Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates in Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES), and Other segments. The ACS segment offers circuit materials and solutions for connectivity applications in wireless infrastructure, automotive, aerospace and defense, connected devices, wired infrastructure, and consumer electronics under the RO3000, RO4000, RT/duroid, TMM, AD Series, and CLTE Series names.
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