Rogers Corp. (ROG) Releases Q1 Earnings Guidance
Rogers Corp. (NYSE:ROG) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.68-0.75 for the period, compared to the Thomson Reuters consensus estimate of $0.71, ARN reports. The company issued revenue guidance of $134-138 million, compared to the consensus revenue estimate of $133.11 million.
Shares of Rogers Corp. (NYSE:ROG) opened at 60.25 on Monday. Rogers Corp. has a 1-year low of $37.20 and a 1-year high of $63.00. The stock’s 50-day moving average is $58.54 and its 200-day moving average is $58.91. The company has a market cap of $1.068 billion and a P/E ratio of 33.14.
On a related note, analysts at Zacks downgraded shares of Rogers Corp. from an outperform rating to a neutral rating in a research note on Tuesday, December 31st. They now have a $66.10 price target on the stock.
Rogers Corporation (NYSE:ROG) is the supplier of a range of specialty materials and components for the portable communications, communications infrastructure, consumer electronics, mass transit, automotive, defense, and clean technology.
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