Zacks: Analysts Expect Roper Technologies, Inc. (ROP) Will Post Quarterly Sales of $1.16 Billion
Equities analysts expect that Roper Technologies, Inc. (NYSE:ROP) will report sales of $1.16 billion for the current quarter, according to Zacks. Six analysts have provided estimates for Roper Technologies’ earnings. The highest sales estimate is $1.17 billion and the lowest is $1.16 billion. Roper Technologies reported sales of $945.14 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 22.7%. The business is scheduled to report its next quarterly earnings results on Monday, October 30th.
According to Zacks, analysts expect that Roper Technologies will report full year sales of $1.16 billion for the current fiscal year, with estimates ranging from $4.63 billion to $4.67 billion. For the next financial year, analysts anticipate 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 an average based on a survey of research firms that follow 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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.22 by $0.02. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the business posted $1.56 earnings per share. The business’s revenue for the quarter was up 23.2% on a year-over-year basis.
ROP has been the topic of several research analyst reports. Zacks Investment Research cut Roper Technologies from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Stifel Nicolaus reissued a “buy” rating and set a $242.00 price target on shares of Roper Technologies in a report on Friday, July 7th. Royal Bank Of Canada reissued a “buy” rating and set a $248.00 price target on shares of Roper Technologies in a report on Wednesday, July 12th. Raymond James Financial, Inc. increased their price target on Roper Technologies from $253.00 to $268.00 in a report on Wednesday, July 5th. Finally, BidaskClub cut Roper Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $238.42.
Shares of Roper Technologies (NYSE:ROP) opened at 234.38 on Friday. Roper Technologies has a 52-week low of $167.50 and a 52-week high of $238.49. The firm has a 50-day moving average price of $232.24 and a 200-day moving average price of $222.97. The stock has a market capitalization of $23.96 billion, a P/E ratio of 35.09 and a beta of 1.05.
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In related news, Director Wilbur J. Prezzano sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $235.80, for a total value of $471,600.00. Following the transaction, the director now directly owns 22,000 shares of the company’s stock, valued at approximately $5,187,600. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Christopher Wright sold 1,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $234.00, for a total value of $234,000.00. Following the completion of the transaction, the director now directly owns 65,104 shares in the company, valued at $15,234,336. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,000 shares of company stock worth $1,175,540. 2.50% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Morgan Stanley raised its holdings in Roper Technologies by 62.8% in the 1st quarter. Morgan Stanley now owns 279,450 shares of the industrial products company’s stock worth $57,704,000 after purchasing an additional 107,785 shares during the period. Prudential Financial Inc. raised its holdings in Roper Technologies by 0.9% in the 1st quarter. Prudential Financial Inc. now owns 143,826 shares of the industrial products company’s stock worth $29,698,000 after purchasing an additional 1,259 shares during the period. Meiji Yasuda Life Insurance Co bought a new position in Roper Technologies in the 1st quarter worth $1,156,000. Vanguard Group Inc. raised its holdings in Roper Technologies by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 10,502,167 shares of the industrial products company’s stock worth $2,168,593,000 after purchasing an additional 479,056 shares during the period. Finally, Chevy Chase Trust Holdings Inc. raised its holdings in Roper Technologies by 2.7% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 178,538 shares of the industrial products company’s stock worth $41,338,000 after purchasing an additional 4,627 shares during the period. 94.35% of the stock is currently owned by institutional investors.
Roper Technologies Company Profile
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