Roper Technologies, Inc. (ROP) Scheduled to Post Quarterly Earnings on Monday
Roper Technologies, Inc. (NYSE:ROP) will be issuing its quarterly earnings data before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of $2.29 per share for the quarter. Roper Technologies has set its Q3 guidance at $2.24-2.30 EPS.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.02. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The firm’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period last year, the firm posted $1.56 earnings per share. On average, analysts expect Roper Technologies to post $9.27 EPS for the current fiscal year and $10.06 EPS for the next fiscal year.
Roper Technologies, Inc. (NYSE ROP) opened at 254.82 on Monday. The company has a 50-day moving average of $243.74 and a 200-day moving average of $230.75. Roper Technologies, Inc. has a 52 week low of $167.50 and a 52 week high of $254.82. The company has a market capitalization of $26.05 billion, a PE ratio of 38.15 and a beta of 1.04.
The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Thursday, October 5th. Roper Technologies’s payout ratio is 20.96%.
In related news, Director Christopher Wright sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $234.00, for a total value of $234,000.00. Following the transaction, the director now owns 65,104 shares of the company’s stock, valued at $15,234,336. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jason Conley sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $245.00, for a total transaction of $1,225,000.00. Following the completion of the transaction, the vice president now directly owns 14,571 shares in the company, valued at approximately $3,569,895. The disclosure for this sale can be found here. Insiders sold 11,500 shares of company stock valued at $2,754,530 over the last quarter. Company insiders own 2.50% of the company’s stock.
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A number of brokerages have recently issued reports on ROP. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $259.00 price objective for the company in a research note on Tuesday, July 4th. Raymond James Financial, Inc. upped their price objective on shares of Roper Technologies from $253.00 to $268.00 in a research note on Wednesday, July 5th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $242.00 price objective on shares of Roper Technologies in a research note 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 research report on Wednesday, July 12th. Finally, BidaskClub cut shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $244.17.
About Roper Technologies
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