Roper Technologies (NYSE:ROP) Issues Q3 2024 Earnings Guidance

Roper Technologies (NYSE:ROP) updated its third quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 4.500-4.540 for the period, compared to the consensus EPS estimate of 4.630. The company issued revenue guidance of -. Roper Technologies also updated its FY 2024 guidance to 18.100-18.250 EPS.

Roper Technologies Trading Up 1.4 %

Shares of Roper Technologies stock opened at $548.53 on Friday. The firm’s 50-day moving average price is $553.71 and its two-hundred day moving average price is $545.43. The company has a market capitalization of $58.72 billion, a price-to-earnings ratio of 39.81, a PEG ratio of 2.84 and a beta of 1.02. The company has a quick ratio of 0.45, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. Roper Technologies has a 12-month low of $474.46 and a 12-month high of $579.10.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the business posted $3.90 EPS. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, analysts forecast that Roper Technologies will post 18.17 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were paid a $0.75 dividend. The ex-dividend date of this dividend was Monday, July 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. Roper Technologies’s payout ratio is 21.77%.

Analyst Ratings Changes

ROP has been the topic of several research analyst reports. Oppenheimer reduced their price objective on Roper Technologies from $650.00 to $630.00 and set an outperform rating on the stock in a research note on Thursday. Royal Bank of Canada cut their target price on shares of Roper Technologies from $685.00 to $674.00 and set an outperform rating on the stock in a research report on Thursday. Mizuho raised their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the company a neutral rating in a research note on Monday, April 29th. Wolfe Research cut shares of Roper Technologies from an outperform rating to a peer perform rating in a research note on Thursday, June 13th. Finally, Barclays raised their target price on Roper Technologies from $611.00 to $625.00 and gave the stock an overweight rating in a research report on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $604.33.

Insider Buying and Selling at Roper Technologies

In related news, Director Christopher Wright sold 300 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the transaction, the director now directly owns 35,247 shares in the company, valued at approximately $19,550,453.49. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the transaction, the chief financial officer now owns 33,685 shares in the company, valued at approximately $18,965,328.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher Wright sold 300 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the completion of the sale, the director now directly owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

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.