Analysts forecast that Roper Technologies Inc (NYSE:ROP) will post $2.76 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Roper Technologies’ earnings, with the lowest EPS estimate coming in at $2.66 and the highest estimate coming in at $2.92. Roper Technologies posted earnings per share of $3.07 during the same quarter last year, which indicates a negative year over year growth rate of 10.1%. The firm is expected to report its next earnings results on Thursday, July 23rd.
According to Zacks, analysts expect that Roper Technologies will report full-year earnings of $12.16 per share for the current year, with EPS estimates ranging from $11.92 to $12.32. For the next fiscal year, analysts forecast that the firm will post earnings of $12.96 per share, with EPS estimates ranging from $12.15 to $13.52. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Roper Technologies.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.14. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Roper Technologies had a net margin of 30.17% and a return on equity of 14.94%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.30 earnings per share.
Several research firms have recently issued reports on ROP. Royal Bank of Canada reiterated a “buy” rating on shares of Roper Technologies in a research report on Thursday, May 28th. Wells Fargo & Co reduced their price objective on shares of Roper Technologies from $400.00 to $390.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Argus reduced their price objective on shares of Roper Technologies from $410.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Oppenheimer reissued a “market perform” rating on shares of Roper Technologies in a report on Friday, June 12th. Finally, Barclays reissued a “hold” rating and issued a $340.00 target price on shares of Roper Technologies in a report on Wednesday, April 29th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Roper Technologies has a consensus rating of “Buy” and a consensus price target of $385.20.
Shares of Roper Technologies stock traded up $2.36 on Thursday, hitting $388.00. 56,493 shares of the company traded hands, compared to its average volume of 556,228. The stock has a market capitalization of $40.42 billion, a P/E ratio of 24.75, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 0.96. Roper Technologies has a 52 week low of $240.00 and a 52 week high of $410.41. The business has a 50-day simple moving average of $384.04 and a 200 day simple moving average of $356.21.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be issued a $0.5125 dividend. This represents a $2.05 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Tuesday, July 7th. Roper Technologies’s dividend payout ratio (DPR) is presently 15.71%.
In other Roper Technologies news, VP John K. Stipancich sold 4,000 shares of Roper Technologies stock in a transaction on Monday, May 18th. The shares were sold at an average price of $370.00, for a total transaction of $1,480,000.00. Following the completion of the transaction, the vice president now directly owns 38,044 shares of the company’s stock, valued at $14,076,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wilbur J. Prezzano sold 3,500 shares of Roper Technologies stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $355.65, for a total transaction of $1,244,775.00. Following the transaction, the director now directly owns 16,880 shares of the company’s stock, valued at $6,003,372. The disclosure for this sale can be found here. Insiders have sold 12,040 shares of company stock valued at $4,415,607 over the last ninety days. 0.86% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. CI Investments Inc. boosted its stake in Roper Technologies by 8.6% during the fourth quarter. CI Investments Inc. now owns 579 shares of the industrial products company’s stock worth $205,000 after buying an additional 46 shares during the period. Two Sigma Advisers LP purchased a new position in Roper Technologies during the first quarter worth $3,929,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Roper Technologies by 1.2% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 116,659 shares of the industrial products company’s stock valued at $41,324,000 after purchasing an additional 1,406 shares during the period. Financial Counselors Inc. boosted its stake in shares of Roper Technologies by 15.9% during the first quarter. Financial Counselors Inc. now owns 5,531 shares of the industrial products company’s stock valued at $1,725,000 after purchasing an additional 760 shares during the period. Finally, Mackay Shields LLC boosted its stake in shares of Roper Technologies by 4.5% during the first quarter. Mackay Shields LLC now owns 20,914 shares of the industrial products company’s stock valued at $6,521,000 after purchasing an additional 894 shares during the period. 92.33% of the stock is owned by institutional investors.
About Roper Technologies
Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.
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