ROG · Rogers Corporation

로저스, 중국 생산 확대 역풍 속 3분기 매출 2억3,300만~2억4,300만 달러·조정 EBITDA 마진 19.7% 전망

로저스, 비GAAP EPS 0.92달러로 예상치 0.07달러 하회…매출 2억1,680만 달러는 180만 달러 상회

로저스 2026년 2분기 실적 프리뷰

로저스(Rogers), 신임 CEO 임명

로저스(Rogers), 2분기 조정 EPS 0.90~1.10달러 및 조정 EBITDA 마진 중간값 17.7% 전망

로저스 비(非)GAAP EPS 0.75달러, 예상치 0.07달러 상회…매출 2억 500만 달러로 시장 예상치 부합

로저스 2026년 1분기 실적 전망

로저스, 2026년 1분기 5% 매출 성장과 530bp(베이시스포인트) EBITDA 마진 확대 목표…디자인 윈 가속화

로저스(Rogers) 4분기 조정 주당순이익(Non-GAAP EPS) 0.89달러, 예상치보다 0.29달러 높아…매출 2억 1,150만 달러로 500만 달러 상회

로저스 2025년 4분기 실적 프리뷰

로저스, 빠른 회복세에도 2027년과 2028년 성과가 관건

• Rogers Corporation has shown operational recovery, with Q2 2026 revenue up 6.9% and margin improvement to 17.3%.
• Rogers' growth catalysts include accelerating aerospace/defense demand, Electronics & Communications market share gains, and margin expansion outpacing revenue.
• The balance sheet is robust with $181.4M cash, no debt, and flexibility to absorb setbacks, but working capital needs monitoring.
• I rate Rogers as Hold at $120, as valuation already prices in much of the anticipated 2027–2028 improvement, limiting the margin of safety.

로저스 코퍼레이션: 이미 주가에 반영된 운영 회복

• Rogers Corporation shows operational recovery with Q2 2026 revenues up 6.9% and net income returning to positive, but valuation remains stretched.
• ROG's forward P/E of 31.1x is well above the sector median, limiting near-term upside and leaving little margin for operational missteps.
• Supply chain disruptions, raw material shortages, and underutilized China capacity pose significant risks to margin expansion and future earnings stability.
• While ROG's long-term prospects are attractive, current pricing does not offer a sufficient safety margin given ongoing operational and market uncertainties.

Rogers: 50배 이상의 PER, 배당 없이 높은 위험 동반

• Rogers Corporation is rated 'HOLD' despite recent price surges, with a new price target of $68/share reflecting cautious optimism.
• ROG's valuation is seen as disconnected from fundamentals, trading at a TTM P/E above 44x despite modest historical earnings growth and no dividend.
• Recent upside is attributed to aggressive cost-cutting, improved forecasts, and insider activity, but underlying revenue and profit trends remain unproven.
• AI and data center tailwinds are speculative for ROG; significant revenue from these segments is unlikely before 2027-2028, reinforcing the company's high-risk profile.

Rogers Corporation: The Thesis For 2026 Is Mixed

• Rogers Corporation (ROG) is a niche engineered materials leader, but current valuation is excessive relative to peers and fundamentals.
• ROG's 3Q25 results showed solid EBITDA margin and top-line growth, yet end-market demand remains uncertain and forecasts are volatile.
• I assign a 'Hold' rating with a $55/share entry target, citing high P/E, lack of dividend, and macro risks.
• Peers like Littlefuse and Amphenol offer better relative value; I recommend waiting for a correction before considering ROG.

Rogers Corporation: 목표주가 하향, 듀폰이 더 나은 대안

• Rogers Corporation's current valuation is unattractive, with a high P/E and no dividend, despite solid operations and a strong net cash position.
• Recent results show continued EPS and margin declines, with little evidence of a near-term turnaround or stable growth in cyclical end-markets.
• Peers like DuPont and 3M offer better fundamentals, yields, and upside, making ROG less compelling for long-term investment at current prices.
• I lower my price target to $45/share and maintain a 'Hold' rating, awaiting a more favorable entry point given ongoing risks and limited upside.