Roper Technologies (NYSE:ROP) Updates Q2 2024 Earnings Guidance

Roper Technologies (NYSE:ROP) updated its second quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 4.420-4.460 for the period, compared to the consensus earnings per share estimate of 4.490. The company issued revenue guidance of -. Roper Technologies also updated its FY 2024 guidance to 18.050-18.250 EPS.

Roper Technologies Stock Down 2.5 %

ROP traded down $13.63 during trading on Friday, hitting $526.78. The company had a trading volume of 856,081 shares, compared to its average volume of 498,846. The company has a market capitalization of $56.38 billion, a PE ratio of 38.23, a PEG ratio of 2.78 and a beta of 0.99. Roper Technologies has a one year low of $435.49 and a one year high of $565.00. The firm’s 50-day moving average price is $545.05 and its 200 day moving average price is $533.61. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data 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. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.90 EPS. As a group, equities analysts expect that Roper Technologies will post 18.08 earnings per share for the current year.

Roper Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on ROP. Raymond James boosted their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a strong-buy rating in a research report on Friday, February 2nd. Mizuho boosted their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a neutral rating in a research report on Thursday, February 1st. Oppenheimer boosted their price target on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an outperform rating in a research report on Friday, March 22nd. Royal Bank of Canada boosted their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. Finally, Barclays boosted their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an overweight rating in a research note on Tuesday, April 2nd. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies has a consensus rating of Moderate Buy and a consensus target price of $574.58.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the transaction, the director now owns 35,547 shares in the company, valued at approximately $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.

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.