Roper Technologies (NYSE:ROP) Posts Earnings Results, Beats Estimates By $0.09 EPS

Roper Technologies (NYSE:ROP) issued its quarterly earnings results on Wednesday. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09, Briefing.com reports. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the business posted $4.32 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year.

Roper Technologies Stock Down 0.0 %

NYSE ROP traded down $0.10 during trading hours on Friday, reaching $542.00. 535,306 shares of the company traded hands, compared to its average volume of 496,815. Roper Technologies has a 12 month low of $474.46 and a 12 month high of $579.10. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $58.10 billion, a PE ratio of 40.14, a PEG ratio of 2.89 and a beta of 1.02. The company has a 50 day moving average of $551.39 and a two-hundred day moving average of $545.44.

Roper Technologies Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Truist Financial reissued a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a report on Thursday. Jefferies Financial Group upped their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. Barclays boosted their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Oppenheimer cut their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Finally, Robert W. Baird boosted their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $620.80.

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.