Q2 2024 EPS Estimates for Rogers Co. Reduced by B. Riley (NYSE:ROG)

Rogers Co. (NYSE:ROG) – Analysts at B. Riley lowered their Q2 2024 EPS estimates for shares of Rogers in a research report issued to clients and investors on Thursday, April 25th. B. Riley analyst C. Ellis now forecasts that the electronics maker will post earnings of $0.60 per share for the quarter, down from their prior 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 Trading Down 2.6 %

Shares of Rogers stock opened at $119.13 on Monday. The stock’s 50-day simple moving average is $114.54 and its 200 day simple moving average is $120.96. The stock has a market capitalization of $2.22 billion, a P/E ratio of 33.23 and a beta of 0.69. Rogers has a 52-week low of $105.48 and a 52-week high of $173.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.00 and a current ratio of 4.29.

Rogers (NYSE:ROG) last issued its earnings results on Wednesday, February 21st. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.40). The firm had revenue of $204.60 million during the quarter, compared to the consensus estimate of $220.00 million. Rogers had a net margin of 7.73% and a return on equity of 5.30%.

Institutional Investors Weigh In On Rogers

Institutional investors have recently made changes to their positions in the stock. US Bancorp DE raised its stake in shares of Rogers by 1.3% during the 4th quarter. US Bancorp DE now owns 7,307 shares of the electronics maker’s stock valued at $965,000 after purchasing an additional 94 shares during the period. B. Riley Wealth Advisors Inc. increased its position in shares of Rogers by 8.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 1,626 shares of the electronics maker’s stock valued at $214,000 after buying an additional 132 shares during the period. Bridge City Capital LLC lifted its holdings in shares of Rogers by 0.8% in the first quarter. Bridge City Capital LLC now owns 17,271 shares of the electronics maker’s stock worth $2,050,000 after buying an additional 136 shares in the last quarter. Diversified Trust Co boosted its position in shares of Rogers by 7.7% in the fourth quarter. Diversified Trust Co now owns 2,431 shares of the electronics maker’s stock valued at $321,000 after acquiring an additional 174 shares during the period. Finally, BKM Wealth Management LLC purchased a new position in Rogers during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors 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.