Wall Street analysts forecast that Roper Technologies Inc (NYSE:ROP) will report sales of $1.35 billion for the current quarter, Zacks reports. Four analysts have made estimates for Roper Technologies’ earnings, with estimates ranging from $1.34 billion to $1.36 billion. Roper Technologies posted sales of $1.23 billion during the same quarter last year, which would indicate a positive year over year growth rate of 9.8%. The company is scheduled to issue its next earnings report on Friday, February 1st.
According to Zacks, analysts expect that Roper Technologies will report full-year sales of $5.17 billion for the current year, with estimates ranging from $5.16 billion to $5.18 billion. For the next fiscal year, analysts forecast that the firm will report sales of $5.32 billion, with estimates ranging from $5.30 billion to $5.35 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Roper Technologies.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Friday, October 26th. The industrial products company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.15. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.31 billion. Roper Technologies had a net margin of 22.44% and a return on equity of 16.30%. Roper Technologies’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.36 EPS.
Several brokerages recently issued reports on ROP. JPMorgan Chase & Co. lowered shares of Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 price objective on the stock. in a report on Friday, September 21st. Raymond James lowered shares of Roper Technologies from a “strong-buy” rating to an “outperform” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $335.00 price objective on the stock in a report on Monday, July 30th. Argus boosted their price objective on shares of Roper Technologies from $295.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Finally, Cowen reiterated a “buy” rating and set a $330.00 price target on shares of Roper Technologies in a research note on Tuesday, July 31st. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $317.82.
In other Roper Technologies news, Director Richard F. Wallman purchased 500 shares of the business’s stock in a transaction on Friday, September 14th. The shares were bought at an average cost of $312.35 per share, for a total transaction of $156,175.00. Following the completion of the purchase, the director now directly owns 52,965 shares of the company’s stock, valued at $16,543,617.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert D. Johnson sold 750 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $298.37, for a total transaction of $223,777.50. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the business. Cornerstone Wealth Management LLC acquired a new position in shares of Roper Technologies during the second quarter worth about $113,000. Fort L.P. acquired a new position in shares of Roper Technologies during the second quarter worth about $120,000. Psagot Investment House Ltd. acquired a new position in shares of Roper Technologies during the third quarter worth about $124,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Roper Technologies during the third quarter worth about $126,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Roper Technologies during the second quarter worth about $149,000. Institutional investors own 92.24% of the company’s stock.
Shares of ROP opened at $296.81 on Friday. The stock has a market capitalization of $29.96 billion, a P/E ratio of 31.51, a P/E/G ratio of 2.00 and a beta of 1.14. Roper Technologies has a 12-month low of $252.23 and a 12-month high of $312.65. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.66 and a current ratio of 0.76.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 22nd. Shareholders of record on Monday, October 8th were paid a dividend of $0.4125 per share. The ex-dividend date was Thursday, October 4th. This represents a $1.65 dividend on an annualized basis and a yield of 0.56%. Roper Technologies’s dividend payout ratio (DPR) is presently 17.52%.
Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
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