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

Roper Technologies (NYSE:ROP) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 18.050-18.250 for the period, compared to the consensus estimate of 18.120. The company issued revenue guidance of -. Roper Technologies also updated its FY24 guidance to $18.05-18.25 EPS.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ROP. TD Cowen cut Roper Technologies from an outperform rating to a market perform rating and set a $535.00 price target for the company. in a report on Thursday, January 4th. Mizuho lifted their price target on Roper Technologies from $500.00 to $525.00 and gave the stock a neutral rating in a report on Thursday, February 1st. Raymond James lifted their price objective on Roper Technologies from $572.00 to $620.00 and gave the company a strong-buy rating in a report on Friday, February 2nd. Wells Fargo & Company lifted their price objective on Roper Technologies from $560.00 to $615.00 and gave the company an overweight rating in a report on Monday, January 22nd. Finally, Barclays lifted their price objective on Roper Technologies from $596.00 to $600.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Roper Technologies currently has a consensus rating of Moderate Buy and a consensus price target of $574.58.

Roper Technologies Trading Down 2.5 %

Shares of Roper Technologies stock traded down $13.63 on Friday, hitting $526.78. 856,081 shares of the company’s stock traded hands, compared to its average volume of 498,846. Roper Technologies has a one year low of $435.49 and a one year high of $565.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46. The company has a fifty day moving average of $545.05 and a two-hundred day moving average of $533.61. The company has a market capitalization of $56.38 billion, a price-to-earnings ratio of 38.23, a price-to-earnings-growth ratio of 2.78 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating the consensus estimate of $4.34 by $0.07. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the company earned $3.90 EPS. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, sell-side analysts expect that Roper Technologies will post 18.08 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is currently 21.77%.

Insider Buying and Selling

In other news, Director Christopher Wright sold 200 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the sale, the director now directly owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.94% of the stock is owned by company insiders.

About Roper Technologies

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.