Roper Technologies (NYSE:ROP) Updates FY 2024 Earnings Guidance

Roper Technologies (NYSE:ROP) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 18.210-18.250 for the period, compared to the consensus earnings per share estimate of 18.210. The company issued revenue guidance of $7.0 billion-$7.0 billion, compared to the consensus revenue estimate of $6.9 billion. Roper Technologies also updated its Q4 guidance to $4.70-4.74 EPS.

Analyst Ratings Changes

Several research firms have commented on ROP. Oppenheimer lowered their price target on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Royal Bank of Canada reduced their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday. Jefferies Financial Group boosted their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Truist Financial restated a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $620.80.

Roper Technologies Stock Down 0.0 %

ROP stock opened at $542.00 on Friday. The company has a fifty day moving average price of $551.39 and a 200 day moving average price of $545.44. Roper Technologies has a 12 month low of $474.46 and a 12 month high of $579.10. The company has a market cap of $58.10 billion, a price-to-earnings ratio of 40.15, a price-to-earnings-growth ratio of 2.89 and a beta of 1.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating the consensus estimate of $4.53 by $0.09. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the firm earned $4.32 EPS. Roper Technologies’s revenue for the quarter was up 11.7% on a year-over-year basis. Sell-side analysts expect that Roper Technologies will post 18.16 earnings per share for the current year.

Roper Technologies Announces Dividend

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

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.