Roper Technologies (NYSE:ROP) Issues Q4 2024 Earnings Guidance

Roper Technologies (NYSE:ROP) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.700-4.740 for the period, compared to the consensus estimate of 4.770. The company issued revenue guidance of -. Roper Technologies also updated its FY 2024 guidance to 18.210-18.250 EPS.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ROP shares. Mizuho upped their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Jefferies Financial Group increased their target price on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. Robert W. Baird lifted their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday. Oppenheimer reduced their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Finally, Truist Financial reaffirmed a “buy” rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $621.70.

Roper Technologies Stock Up 0.9 %

NYSE:ROP traded up $4.75 during trading hours on Thursday, reaching $547.69. The company’s stock had a trading volume of 134,816 shares, compared to its average volume of 495,440. 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 $58.71 billion, a price-to-earnings ratio of 40.57, a price-to-earnings-growth ratio of 2.89 and a beta of 1.02. Roper Technologies has a one year low of $474.46 and a one year high of $579.10. The business’s 50-day moving average is $551.48 and its 200-day moving average is $545.46.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, beating 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 business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.72 billion. Equities research analysts predict that Roper Technologies will post 18.16 EPS for the current year.

Roper Technologies Announces Dividend

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

Insider Buying and Selling

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