Roper Technologies, Inc. (ROP) Expected to Post Quarterly Sales of $1.16 Billion
Wall Street analysts forecast that Roper Technologies, Inc. (NYSE:ROP) will post $1.16 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Roper Technologies’ earnings. The lowest sales estimate is $1.16 billion and the highest is $1.17 billion. Roper Technologies posted sales of $945.14 million during the same quarter last year, which suggests a positive year over year growth rate of 22.7%. The company is expected to issue its next quarterly earnings report on Monday, October 30th.
On average, analysts expect that Roper Technologies will report full year sales of $1.16 billion for the current year, with estimates ranging from $4.63 billion to $4.67 billion. For the next fiscal year, analysts expect that the business will report sales of $4.88 billion per share, with estimates ranging from $4.83 billion to $4.94 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Roper Technologies.
Roper Technologies (NYSE:ROP) last released its earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.02. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The company’s revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.56 EPS.
Several research firms have recently weighed in on ROP. Stifel Nicolaus reissued a “buy” rating and issued a $242.00 price objective on shares of Roper Technologies in a research report on Friday, July 7th. Oppenheimer Holdings, Inc. increased their price objective on Roper Technologies from $250.00 to $257.00 and gave the company an “outperform” rating in a research report on Tuesday, August 1st. BidaskClub cut Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research cut Roper Technologies from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $225.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $238.42.
Roper Technologies (ROP) traded up 0.83% during trading on Tuesday, hitting $229.68. The stock had a trading volume of 87,681 shares. The company has a 50-day moving average of $233.91 and a 200-day moving average of $220.49. The stock has a market capitalization of $23.48 billion, a P/E ratio of 34.39 and a beta of 1.04. Roper Technologies has a 52 week low of $167.50 and a 52 week high of $238.49.
In related news, Director Christopher Wright sold 1,800 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $228.70, for a total value of $411,660.00. Following the completion of the transaction, the director now directly owns 66,104 shares of the company’s stock, valued at $15,117,984.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert D. Johnson sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $234.97, for a total value of $469,940.00. Following the completion of the transaction, the director now directly owns 10,900 shares of the company’s stock, valued at $2,561,173. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,800 shares of company stock valued at $1,587,200. 2.50% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of ROP. Creative Planning boosted its position in shares of Roper Technologies by 7.7% in the first quarter. Creative Planning now owns 716 shares of the industrial products company’s stock valued at $148,000 after buying an additional 51 shares during the period. DnB Asset Management AS boosted its position in shares of Roper Technologies by 17.6% in the first quarter. DnB Asset Management AS now owns 14,711 shares of the industrial products company’s stock valued at $3,038,000 after buying an additional 2,200 shares during the period. Oakbrook Investments LLC purchased a new position in shares of Roper Technologies during the first quarter valued at approximately $903,000. Huntington National Bank boosted its position in shares of Roper Technologies by 756.6% in the first quarter. Huntington National Bank now owns 1,225 shares of the industrial products company’s stock valued at $253,000 after buying an additional 1,082 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in shares of Roper Technologies during the first quarter valued at approximately $542,000. 96.65% of the stock is owned by hedge funds and other institutional investors.
About Roper Technologies
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Roper Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.