Roper Technologies (NYSE:ROP) Issues FY24 Earnings Guidance

Roper Technologies (NYSE:ROP) issued an update on its FY24 earnings guidance on Friday morning. The company provided EPS guidance of $18.05-18.25 for the period, compared to the consensus EPS estimate of $18.11. Roper Technologies also updated its FY 2024 guidance to 18.050-18.250 EPS.

Roper Technologies Stock Down 2.5 %

NYSE ROP opened at $526.78 on Friday. The business has a fifty day moving average price of $545.05 and a 200 day moving average price of $533.36. Roper Technologies has a one year low of $435.49 and a one year high of $565.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. The company has a market cap of $56.38 billion, a P/E ratio of 32.34, a P/E/G ratio of 2.85 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating the consensus estimate of $4.34 by $0.07. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the company earned $3.90 EPS. The firm’s revenue was up 14.4% compared to the same quarter last year. Research analysts anticipate that Roper Technologies will post 18.08 EPS for the current fiscal year.

Roper Technologies Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Oppenheimer raised their target price on Roper Technologies from $580.00 to $650.00 and gave the stock an outperform rating in a research note on Friday, March 22nd. Barclays raised their target price on Roper Technologies from $596.00 to $600.00 and gave the stock an overweight rating in a research note on Tuesday, April 2nd. Royal Bank of Canada raised their target price on Roper Technologies from $620.00 to $622.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. Wells Fargo & Company increased their price target on Roper Technologies from $560.00 to $615.00 and gave the stock an overweight rating in a report on Monday, January 22nd. Finally, TD Cowen cut Roper Technologies from an outperform rating to a market perform rating and set a $535.00 price target for the company. in a report on Thursday, January 4th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies currently has a consensus rating of Moderate Buy and a consensus target price of $574.58.

Insider Activity at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the transaction, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.94% of the stock is currently 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.