Roper Technologies (NYSE:ROP) Issues Q2 Earnings Guidance

Roper Technologies (NYSE:ROP) issued an update on its second quarter earnings guidance on Friday morning. The company provided EPS guidance of $4.42-4.46 for the period, compared to the consensus EPS estimate of $4.49. Roper Technologies also updated its FY 2024 guidance to 18.050-18.250 EPS.

Roper Technologies Price Performance

Shares of ROP opened at $526.78 on Friday. The stock’s 50 day moving average is $545.05 and its two-hundred day moving average is $533.36. The firm has a market capitalization of $56.38 billion, a PE ratio of 32.34, a P/E/G ratio of 2.85 and a beta of 0.99. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. Roper Technologies has a twelve month low of $435.49 and a twelve month high of $565.00.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, topping the consensus estimate of $4.34 by $0.07. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.90 EPS. Research analysts anticipate that Roper Technologies will post 18.08 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s payout ratio is currently 23.27%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada upped their target price on Roper Technologies from $620.00 to $622.00 and gave the company an outperform rating in a research note on Thursday, February 1st. Raymond James upped their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the company a strong-buy rating in a research report on Friday, February 2nd. Mizuho increased their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a neutral rating in a research report on Thursday, February 1st. Wells Fargo & Company raised their target price on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an overweight rating in a report on Monday, January 22nd. Finally, Oppenheimer raised their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an outperform rating in a report on Friday, March 22nd. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $574.58.

Insider Transactions at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the sale, the director now directly owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.94% of the company’s stock.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.