Roper Technologies (NYSE:ROP) Issues FY 2024 Earnings Guidance

Roper Technologies (NYSE:ROP) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 18.210-18.250 for the period, compared to the consensus EPS estimate of 18.210. The company issued revenue guidance of $7.0 billion-$7.0 billion, compared to the consensus revenue estimate of $6.9 billion. Roper Technologies also updated its Q4 guidance to $4.70-4.74 EPS.

Roper Technologies Trading Down 2.0 %

NYSE:ROP traded down $11.26 on Wednesday, reaching $540.84. The stock had a trading volume of 219,480 shares, compared to its average volume of 494,811. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. The company has a market cap of $57.98 billion, a price-to-earnings ratio of 40.90, a P/E/G ratio of 2.92 and a beta of 1.02. The firm’s fifty day moving average is $551.18 and its two-hundred day moving average is $545.48. Roper Technologies has a 12-month low of $474.46 and a 12-month high of $579.10.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Equities analysts expect that Roper Technologies will post 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Tuesday, October 8th were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, October 8th. This represents a $3.00 annualized dividend and a yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is presently 22.22%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Truist Financial reiterated a “buy” rating and set a $660.00 price objective on shares of Roper Technologies in a report on Tuesday, August 27th. Mizuho increased their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada increased their price target on shares of Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Oppenheimer cut their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Finally, Barclays boosted their target price on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $619.50.

Insiders Place Their Bets

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the transaction, the director now directly owns 5,909 shares of the company’s stock, valued at $3,251,959.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.87% of the stock is owned by company insiders.

Roper Technologies Company Profile

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.