Wall Street brokerages expect that Roper Technologies Inc (NYSE:ROP) will announce sales of $1.15 billion for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Roper Technologies’ earnings. The lowest sales estimate is $1.14 billion and the highest is $1.16 billion. Roper Technologies posted sales of $931.56 million during the same quarter last year, which suggests a positive year over year growth rate of 23.4%. The company is scheduled to announce its next quarterly earnings report on Monday, July 24th.
On average, analysts expect that Roper Technologies will report full year sales of $1.15 billion for the current financial year, with estimates ranging from $4.61 billion to $4.66 billion. For the next year, analysts forecast that the business will post sales of $4.87 billion per share, with estimates ranging from $4.81 billion to $4.91 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Roper Technologies.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Friday, April 28th. The industrial products company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.12. Roper Technologies had a net margin of 17.38% and a return on equity of 11.97%. The firm earned $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm posted $1.81 earnings per share. The business’s revenue was up 20.4% compared to the same quarter last year.
Several brokerages recently issued reports on ROP. Cowen and Company reiterated an “outperform” rating and issued a $250.00 price target (up from $220.00) on shares of Roper Technologies in a research note on Monday, April 17th. Royal Bank of Canada reiterated a “buy” rating and issued a $245.00 price target on shares of Roper Technologies in a research note on Tuesday, April 11th. JPMorgan Chase & Co. lowered shares of Roper Technologies from an “overweight” rating to a “neutral” rating and set a $219.00 price target for the company. in a research note on Friday, March 24th. Barclays PLC reiterated a “buy” rating and issued a $221.00 price target on shares of Roper Technologies in a research note on Wednesday, January 18th. Finally, Oppenheimer Holdings Inc. upgraded shares of Roper Technologies from a “market perform” rating to an “outperform” rating in a research note on Friday, January 6th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $226.56.
In other news, Director Christopher Wright sold 2,500 shares of the firm’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $214.26, for a total transaction of $535,650.00. Following the sale, the director now owns 63,904 shares of the company’s stock, valued at approximately $13,692,071.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.
Several hedge funds have recently made changes to their positions in ROP. Creative Planning increased its position in Roper Technologies by 126.2% in the third quarter. Creative Planning now owns 647 shares of the industrial products company’s stock worth $118,000 after buying an additional 361 shares during the last quarter. MSI Financial Services Inc increased its position in Roper Technologies by 32.8% in the third quarter. MSI Financial Services Inc now owns 927 shares of the industrial products company’s stock worth $169,000 after buying an additional 229 shares during the last quarter. Greenleaf Trust acquired a new position in Roper Technologies during the third quarter worth about $7,704,000. LaFleur & Godfrey LLC increased its position in Roper Technologies by 1.5% in the third quarter. LaFleur & Godfrey LLC now owns 5,940 shares of the industrial products company’s stock worth $1,084,000 after buying an additional 85 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. increased its position in Roper Technologies by 7.6% in the third quarter. Winslow Evans & Crocker Inc. now owns 2,734 shares of the industrial products company’s stock worth $499,000 after buying an additional 194 shares during the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Roper Technologies (NYSE:ROP) opened at 218.22 on Friday. Roper Technologies has a 1-year low of $159.28 and a 1-year high of $225.57. The company has a market capitalization of $22.23 billion, a P/E ratio of 33.94 and a beta of 0.87. The firm has a 50-day moving average of $210.14 and a 200 day moving average of $194.15.
The business also recently declared a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Friday, April 7th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Wednesday, April 5th. Roper Technologies’s payout ratio is presently 21.77%.
Roper Technologies Company Profile
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