Brokerages forecast that Roper Technologies Inc (NYSE:ROP) will report earnings per share (EPS) of $3.13 for the current quarter, Zacks reports. Four analysts have issued estimates for Roper Technologies’ earnings, with the lowest EPS estimate coming in at $3.11 and the highest estimate coming in at $3.14. Roper Technologies posted earnings per share of $2.70 in the same quarter last year, which indicates a positive year over year growth rate of 15.9%. The company is expected to issue its next quarterly earnings results on Friday, February 1st.
According to Zacks, analysts expect that Roper Technologies will report full year earnings of $11.72 per share for the current financial year, with EPS estimates ranging from $11.70 to $11.73. For the next fiscal year, analysts forecast that the company will post earnings of $12.21 per share, with EPS estimates ranging from $11.95 to $12.90. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Roper Technologies.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, October 26th. The industrial products company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.15. Roper Technologies had a return on equity of 16.30% and a net margin of 22.44%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the company earned $2.36 EPS. Roper Technologies’s revenue for the quarter was up 12.8% on a year-over-year basis.
Several analysts recently weighed in on ROP shares. JPMorgan Chase & Co. downgraded Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 price objective for the company. in a research report on Friday, September 21st. Zacks Investment Research upgraded Roper Technologies from a “sell” rating to a “hold” rating in a research report on Monday, October 29th. Barclays dropped their target price on Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating for the company in a research report on Monday, October 29th. Finally, Stephens began coverage on Roper Technologies in a research report on Monday, November 19th. They issued an “overweight” rating and a $333.00 target price for the company. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $319.08.
In other news, Director Robert E. Knowling, Jr. sold 1,000 shares of the stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $286.07, for a total value of $286,070.00. Following the completion of the sale, the director now owns 13,038 shares of the company’s stock, valued at $3,729,780.66. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard F. Wallman purchased 500 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was bought at an average cost of $312.35 per share, with a total value of $156,175.00. Following the purchase, the director now owns 52,965 shares of the company’s stock, valued at approximately $16,543,617.75. The disclosure for this purchase can be found here. Insiders sold 2,350 shares of company stock valued at $689,375 over the last quarter. Corporate insiders own 2.30% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. B & T Capital Management DBA Alpha Capital Management increased its stake in shares of Roper Technologies by 3.4% in the third quarter. B & T Capital Management DBA Alpha Capital Management now owns 5,126 shares of the industrial products company’s stock valued at $1,518,000 after buying an additional 170 shares during the period. Neuburgh Advisers LLC grew its stake in Roper Technologies by 10.9% during the second quarter. Neuburgh Advisers LLC now owns 1,792 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 176 shares during the period. Motley Fool Asset Management LLC grew its stake in Roper Technologies by 16.0% during the third quarter. Motley Fool Asset Management LLC now owns 1,273 shares of the industrial products company’s stock worth $377,000 after purchasing an additional 176 shares during the period. HL Financial Services LLC grew its stake in Roper Technologies by 15.8% during the second quarter. HL Financial Services LLC now owns 1,359 shares of the industrial products company’s stock worth $375,000 after purchasing an additional 185 shares during the period. Finally, Dorsey & Whitney Trust CO LLC grew its stake in Roper Technologies by 17.8% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 1,247 shares of the industrial products company’s stock worth $369,000 after purchasing an additional 188 shares during the period. 91.26% of the stock is owned by institutional investors.
Shares of ROP stock traded up $0.50 on Friday, hitting $287.16. 42,357 shares of the company’s stock were exchanged, compared to its average volume of 384,775. The company has a quick ratio of 0.66, a current ratio of 0.76 and a debt-to-equity ratio of 0.58. Roper Technologies has a 12 month low of $252.23 and a 12 month high of $312.65. The company has a market cap of $29.65 billion, a P/E ratio of 29.94, a P/E/G ratio of 1.98 and a beta of 1.15.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 9th will be given a $0.4625 dividend. The ex-dividend date of this dividend is Tuesday, January 8th. This is an increase from Roper Technologies’s previous quarterly dividend of $0.41. This represents a $1.85 annualized dividend and a yield of 0.64%. Roper Technologies’s dividend payout ratio (DPR) is currently 17.52%.
About Roper Technologies
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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