Rogers Corporation (ROG) Set to Announce Earnings on Tuesday
Rogers Corporation (NYSE:ROG) is scheduled to post its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect Rogers Corporation to post earnings of $1.26 per share for the quarter. Rogers Corporation has set its Q3 guidance at $1.20-$1.30 EPS.
Rogers Corporation (NYSE:ROG) last announced its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.13. Rogers Corporation had a return on equity of 13.28% and a net margin of 10.21%. The firm had revenue of $201.40 million for the quarter, compared to analyst estimates of $195.60 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. Rogers Corporation’s quarterly revenue was up 27.9% on a year-over-year basis. On average, analysts expect Rogers Corporation to post $5.5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Rogers Corporation (NYSE:ROG) opened at 139.04 on Tuesday. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 33.53 and a beta of 1.16. The company’s 50-day moving average price is $130.81 and its 200-day moving average price is $113.87. Rogers Corporation has a one year low of $51.98 and a one year high of $140.00.
In other news, insider Bruce D. Hoechner sold 23,200 shares of Rogers Corporation stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $133.23, for a total transaction of $3,090,936.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert C. Daigle sold 4,485 shares of Rogers Corporation stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $121.52, for a total value of $545,017.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,466 shares of company stock worth $5,189,628. 1.50% of the stock is owned by insiders.
Rogers Corporation Company Profile
Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense.
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