Roper Industries (ROP) Releases Quarterly Earnings, Misses Expectations By $0.03 EPS
Roper Industries (NYSE:ROP) posted its quarterly earnings results on Monday. The company reported $1.42 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.45 by $0.03, American Banking and Market News reports. The company had revenue of $837.00 million for the quarter, compared to the consensus estimate of $865.86 million.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Roper Industries from $130.00 to $140.00 in a research note to investors on Monday, October 7th. They now have an “overweight” rating on the stock. Analysts at Oppenheimer raised their price target on shares of Roper Industries from $130.00 to $135.00 in a research note to investors on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $128.33.
Shares of Roper Industries (NYSE:ROP) opened at 133.04 on Monday. Roper Industries has a 52 week low of $101.21 and a 52 week high of $132.72. The stock’s 50-day moving average is $126.4 and its 200-day moving average is $124.7. The company has a market cap of $13.195 billion and a P/E ratio of 26.72.
Roper Industries, Inc (NYSE:ROP) designs, manufactures and distributes radio frequency (RF) products, services and application software, industrial technology products, energy systems and controls and medical and scientific imaging products and software.
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