Roper Technologies (NYSE:ROP) Releases FY 2024 Earnings Guidance

Roper Technologies (NYSE:ROP) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 18.210-18.250 for the period, compared to the consensus estimate of 18.210. The company issued revenue guidance of $7.0 billion-$7.0 billion, compared to the consensus revenue estimate of $6.9 billion. Roper Technologies also updated its Q4 guidance to $4.70-4.74 EPS.

Roper Technologies Stock Down 2.0 %

Shares of ROP stock traded down $11.26 during trading hours on Wednesday, hitting $540.84. 219,480 shares of the company were exchanged, compared to its average volume of 494,811. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. Roper Technologies has a one year low of $474.46 and a one year high of $579.10. The business’s 50-day simple moving average is $551.18 and its two-hundred day simple moving average is $545.48. The stock has a market capitalization of $57.98 billion, a price-to-earnings ratio of 40.90, a P/E/G ratio of 2.92 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.72 billion. Sell-side analysts predict that Roper Technologies will post 18.16 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Tuesday, October 8th. Roper Technologies’s dividend payout ratio is presently 22.22%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ROP shares. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Mizuho lifted their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Oppenheimer dropped their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Truist Financial reiterated a “buy” rating and set a $660.00 price target on shares of Roper Technologies in a research report on Tuesday, August 27th. Finally, Jefferies Financial Group increased their target price on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $619.50.

Insider Activity

In related news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the transaction, the director now owns 5,909 shares in the company, valued at $3,251,959.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.87% of the company’s stock.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.