Equities analysts expect Roper Technologies Inc (NYSE:ROP) to post earnings per share (EPS) of $3.34 for the current quarter, according to Zacks. Four analysts have provided estimates for Roper Technologies’ earnings, with estimates ranging from $3.32 to $3.35. Roper Technologies reported earnings per share of $3.22 in the same quarter last year, which suggests a positive year over year growth rate of 3.7%. The company is scheduled to issue its next earnings report on Friday, February 7th.
According to Zacks, analysts expect that Roper Technologies will report full year earnings of $13.00 per share for the current year, with EPS estimates ranging from $12.98 to $13.02. For the next fiscal year, analysts anticipate that the firm will post earnings of $13.53 per share, with EPS estimates ranging from $13.00 to $13.85. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Roper Technologies.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Thursday, October 24th. The industrial products company reported $3.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.19 by $0.10. Roper Technologies had a net margin of 21.58% and a return on equity of 16.46%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the business posted $3.09 earnings per share. Roper Technologies’s quarterly revenue was up 2.8% compared to the same quarter last year.
Several equities analysts have recently issued reports on the stock. ValuEngine lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Royal Bank of Canada set a $383.00 target price on shares of Roper Technologies and gave the company a “buy” rating in a report on Friday, October 25th. Zacks Investment Research lowered shares of Roper Technologies from a “buy” rating to a “hold” rating and set a $394.00 target price for the company. in a report on Monday, September 9th. Stephens set a $386.00 target price on shares of Roper Technologies and gave the company a “buy” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Roper Technologies from $291.00 to $298.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $373.10.
In related news, VP John K. Stipancich sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $360.00, for a total value of $1,800,000.00. Following the completion of the transaction, the vice president now directly owns 34,004 shares in the company, valued at approximately $12,241,440. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert Crisci sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $350.61, for a total transaction of $1,402,440.00. Following the completion of the transaction, the chief financial officer now owns 29,245 shares of the company’s stock, valued at $10,253,589.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,500 shares of company stock valued at $3,383,960. 1.90% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in ROP. Phocas Financial Corp. bought a new stake in Roper Technologies in the 2nd quarter worth approximately $2,344,000. Krane Funds Advisors LLC bought a new stake in Roper Technologies in the 2nd quarter worth approximately $25,000. Captrust Financial Advisors grew its position in Roper Technologies by 227.3% in the 2nd quarter. Captrust Financial Advisors now owns 72 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 50 shares during the period. Coastal Investment Advisors Inc. bought a new stake in Roper Technologies in the 2nd quarter worth approximately $30,000. Finally, MUFG Americas Holdings Corp grew its position in Roper Technologies by 83.0% in the 2nd quarter. MUFG Americas Holdings Corp now owns 97 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 44 shares during the period. Institutional investors own 92.54% of the company’s stock.
Shares of ROP stock traded down $6.50 during trading hours on Monday, hitting $353.87. 505,047 shares of the company’s stock traded hands, compared to its average volume of 461,502. The stock’s fifty day simple moving average is $344.67 and its two-hundred day simple moving average is $356.45. Roper Technologies has a 12-month low of $245.59 and a 12-month high of $385.51. The stock has a market cap of $37.50 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 2.52 and a beta of 1.14. The company has a quick ratio of 0.94, a current ratio of 1.08 and a debt-to-equity ratio of 0.72.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be issued a $0.512 dividend. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.46. This represents a $2.05 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Wednesday, January 8th. Roper Technologies’s payout ratio is presently 15.66%.
Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.
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