Why Rogers Stock Plunged

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of specialty materials maker Rogers Corp. (NYSE: ROG  ) fell as much as 13% in early trading after the company updated first-quarter guidance.

So what: The company now expects sales from continuing operations to be around $126 million, compared to guidance from two months ago of $129 million-$133 million. On the bottom line, non-GAAP earnings per share are expected to be $0.44, below the previous estimate of $0.57-$0.61.  

Now what: It's never a good sign when a company lowers guidance, particularly so close to when the original guidance numbers were given. Management said lower than expected demand for tablet devices and lower military spending affected sales. The company will report earnings at the end of April -- more detail will be given then. Keep in mind that revenue is growing slightly and the stock trades at just 10 times trailing earnings, so this isn't a disaster of a quarter given the value built into the stock.

Interested in more info on Rogers Corp.? Add it to your watchlist by clicking here.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2371658, ~/Articles/ArticleHandler.aspx, 10/1/2016 10:00:13 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 12 hours ago Sponsored by:
DOW 18,308.15 164.70 0.91%
S&P 500 2,168.27 17.14 0.80%
NASD 5,312.00 42.85 0.81%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/30/2016 4:02 PM
ROG $61.08 Up +1.09 +1.82%
Rogers CAPS Rating: **