Roper Technologies Inc (ROP) Expected to Post Earnings of $3.05 Per Share

Analysts forecast that Roper Technologies Inc (NYSE:ROP) will post $3.05 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Roper Technologies’ earnings, with the highest EPS estimate coming in at $3.10 and the lowest estimate coming in at $3.02. Roper Technologies reported earnings of $2.89 per share during the same quarter last year, which indicates a positive year over year growth rate of 5.5%. The business is expected to announce its next earnings results on Thursday, July 25th.

According to Zacks, analysts expect that Roper Technologies will report full year earnings of $12.75 per share for the current fiscal year, with EPS estimates ranging from $12.30 to $12.90. For the next financial year, analysts expect that the company will report earnings of $13.04 per share, with EPS estimates ranging from $12.90 to $13.15. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Roper Technologies.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.52. Roper Technologies had a return on equity of 17.00% and a net margin of 20.90%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the company posted $2.61 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year.

A number of brokerages have weighed in on ROP. Stephens increased their price target on Roper Technologies from $390.00 to $402.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Raymond James increased their target price on Roper Technologies from $330.00 to $370.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Argus increased their target price on Roper Technologies from $330.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Barclays increased their target price on Roper Technologies from $316.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 3rd. Finally, Oppenheimer increased their target price on Roper Technologies from $335.00 to $375.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $349.90.

Shares of Roper Technologies stock opened at $348.90 on Friday. Roper Technologies has a fifty-two week low of $245.59 and a fifty-two week high of $363.85. The firm has a market cap of $36.60 billion, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 1.10.

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were given a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Friday, April 5th. Roper Technologies’s dividend payout ratio (DPR) is currently 15.66%.

In other Roper Technologies news, CFO Robert Crisci sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $307.44, for a total value of $1,229,760.00. Following the transaction, the chief financial officer now directly owns 41,968 shares of the company’s stock, valued at $12,902,641.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard F. Wallman acquired 500 shares of the business’s stock in a transaction on Friday, March 15th. The stock was bought at an average cost of $326.97 per share, for a total transaction of $163,485.00. Following the completion of the transaction, the director now directly owns 53,465 shares of the company’s stock, valued at $17,481,451.05. The disclosure for this purchase can be found here. Insiders sold a total of 12,500 shares of company stock worth $3,918,230 over the last ninety days. Corporate insiders own 2.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in shares of Roper Technologies by 12.1% during the third quarter. JPMorgan Chase & Co. now owns 1,249,142 shares of the industrial products company’s stock valued at $370,008,000 after acquiring an additional 134,469 shares in the last quarter. Standard Life Aberdeen plc grew its stake in shares of Roper Technologies by 13.1% during the third quarter. Standard Life Aberdeen plc now owns 31,642 shares of the industrial products company’s stock valued at $9,375,000 after acquiring an additional 3,656 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Roper Technologies by 6.3% during the third quarter. Legal & General Group Plc now owns 481,952 shares of the industrial products company’s stock valued at $142,779,000 after acquiring an additional 28,466 shares in the last quarter. Federated Investors Inc. PA grew its stake in shares of Roper Technologies by 0.9% during the third quarter. Federated Investors Inc. PA now owns 556,767 shares of the industrial products company’s stock valued at $164,920,000 after acquiring an additional 4,705 shares in the last quarter. Finally, Vanguard Group Inc grew its stake in shares of Roper Technologies by 0.7% during the third quarter. Vanguard Group Inc now owns 11,266,186 shares of the industrial products company’s stock valued at $3,337,157,000 after acquiring an additional 76,582 shares in the last quarter. 92.49% of the stock is currently owned by institutional investors.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.

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