Wall Street brokerages forecast that Roper Technologies Inc (NYSE:ROP) will report sales of $1.31 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Roper Technologies’ earnings. The highest sales estimate is $1.32 billion and the lowest is $1.31 billion. Roper Technologies posted sales of $1.16 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.9%. The business is expected to issue its next quarterly earnings report before the market opens on Friday, October 26th.
According to Zacks, analysts expect that Roper Technologies will report full-year sales of $5.16 billion for the current year, with estimates ranging from $5.14 billion to $5.17 billion. For the next financial year, analysts expect that the firm will post sales of $5.40 billion, with estimates ranging from $5.29 billion to $5.47 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Roper Technologies.
Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Thursday, July 26th. The industrial products company reported $2.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.70 by $0.19. Roper Technologies had a return on equity of 15.81% and a net margin of 21.99%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the firm posted $2.24 earnings per share. The company’s revenue was up 12.6% compared to the same quarter last year.
Several research analysts recently commented on ROP shares. Argus boosted their price target on Roper Technologies from $295.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Cowen reiterated a “buy” rating and issued a $330.00 price target on shares of Roper Technologies in a research note on Tuesday, July 31st. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $335.00 price target on the stock in a research note on Monday, July 30th. ValuEngine upgraded Roper Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th. Finally, JPMorgan Chase & Co. cut Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 price objective on the stock. in a research note on Friday, September 21st. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $313.50.
Shares of NYSE:ROP traded down $1.06 during trading on Wednesday, hitting $278.01. The company’s stock had a trading volume of 372,142 shares, compared to its average volume of 524,611. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.70 and a current ratio of 0.80. Roper Technologies has a fifty-two week low of $248.03 and a fifty-two week high of $312.65. The stock has a market cap of $28.84 billion, a price-to-earnings ratio of 29.51, a price-to-earnings-growth ratio of 1.97 and a beta of 1.11.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 22nd. Shareholders of record on Monday, October 8th will be paid a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 0.59%. The ex-dividend date is Thursday, October 4th. Roper Technologies’s payout ratio is currently 17.52%.
In other news, Director Robert E. Knowling, Jr. sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $297.86, for a total transaction of $893,580.00. Following the completion of the transaction, the director now directly owns 14,038 shares of the company’s stock, valued at $4,181,358.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard F. Wallman bought 500 shares of the stock in a transaction dated Friday, July 27th. The shares were bought at an average cost of $299.50 per share, with a total value of $149,750.00. Following the completion of the acquisition, the director now directly owns 52,465 shares of the company’s stock, valued at approximately $15,713,267.50. The disclosure for this purchase can be found here. Insiders have sold 8,750 shares of company stock worth $2,616,258 in the last 90 days. 2.30% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Cornerstone Wealth Management LLC bought a new position in shares of Roper Technologies during the second quarter valued at approximately $113,000. Fort L.P. bought a new position in shares of Roper Technologies during the second quarter valued at approximately $120,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Roper Technologies during the second quarter valued at approximately $149,000. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Roper Technologies during the second quarter valued at approximately $175,000. Finally, Cerebellum GP LLC bought a new position in shares of Roper Technologies during the second quarter valued at approximately $179,000. 92.54% of the stock is owned by institutional investors.
Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
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