Zacks: Analysts Expect Roper Technologies, Inc. (NYSE:ROP) Will Post Earnings of $3.75 Per Share

Wall Street analysts expect Roper Technologies, Inc. (NYSE:ROP) to post $3.75 earnings per share for the current quarter, according to Zacks. Three analysts have made estimates for Roper Technologies’ earnings. The highest EPS estimate is $4.01 and the lowest is $3.65. Roper Technologies posted earnings of $3.56 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.3%. The firm is scheduled to issue its next earnings report on Friday, February 4th.

According to Zacks, analysts expect that Roper Technologies will report full year earnings of $14.58 per share for the current fiscal year, with EPS estimates ranging from $14.11 to $15.28. For the next financial year, analysts expect that the firm will post earnings of $15.43 per share, with EPS estimates ranging from $14.92 to $16.45. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Roper Technologies.

Roper Technologies (NYSE:ROP) last released its earnings results on Thursday, October 21st. The industrial products company reported $3.91 earnings per share for the quarter, topping the consensus estimate of $3.83 by $0.08. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.62 billion. Roper Technologies had a net margin of 18.42% and a return on equity of 14.17%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period last year, the firm posted $3.17 earnings per share.

Several research firms have recently weighed in on ROP. JPMorgan Chase & Co. lifted their target price on shares of Roper Technologies from $320.00 to $355.00 and gave the stock an “underweight” rating in a research report on Friday, August 6th. Zacks Investment Research downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating and set a $485.00 target price on the stock. in a research report on Tuesday, September 28th. Finally, Raymond James raised shares of Roper Technologies from an “outperform” rating to a “strong-buy” rating and set a $550.00 price objective on the stock in a research report on Monday, October 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $508.29.

In other news, VP John K. Stipancich sold 1,000 shares of the business’s stock in a transaction on Friday, November 19th. The shares were sold at an average price of $500.00, for a total value of $500,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction on Wednesday, September 1st. The stock was sold at an average price of $483.35, for a total transaction of $241,675.00. Following the completion of the sale, the director now owns 7,269 shares of the company’s stock, valued at $3,513,471.15. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in ROP. Vanguard Group Inc. raised its stake in shares of Roper Technologies by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,571,379 shares of the industrial products company’s stock valued at $4,030,262,000 after buying an additional 33,407 shares in the last quarter. Morgan Stanley raised its stake in shares of Roper Technologies by 3.6% in the 2nd quarter. Morgan Stanley now owns 3,100,096 shares of the industrial products company’s stock valued at $1,457,664,000 after buying an additional 107,357 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Roper Technologies by 29.2% in the 3rd quarter. Alliancebernstein L.P. now owns 2,391,483 shares of the industrial products company’s stock valued at $1,066,912,000 after buying an additional 539,896 shares in the last quarter. FMR LLC raised its stake in shares of Roper Technologies by 13.2% in the 2nd quarter. FMR LLC now owns 2,131,265 shares of the industrial products company’s stock valued at $1,002,120,000 after buying an additional 248,542 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Roper Technologies by 4.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,079,514 shares of the industrial products company’s stock valued at $927,735,000 after buying an additional 92,353 shares in the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

Shares of Roper Technologies stock traded down $0.77 during trading on Thursday, hitting $484.87. The stock had a trading volume of 340,012 shares, compared to its average volume of 453,750. The stock has a 50 day simple moving average of $472.61 and a 200 day simple moving average of $470.52. The company has a market capitalization of $51.12 billion, a PE ratio of 46.00, a P/E/G ratio of 3.13 and a beta of 1.06. The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 0.66. Roper Technologies has a 1 year low of $365.23 and a 1 year high of $505.00.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 24th. Shareholders of record on Monday, January 10th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 0.51%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.56. The ex-dividend date is Friday, January 7th. Roper Technologies’s payout ratio is currently 21.35%.

Roper Technologies Company Profile

Roper Technologies, Inc is diversified technology company, which engages in the provision of engineered products and solutions for the global niche markets. It operates through the following segments: Application Software, Network Software and Systems, Measurement and Analytical Solutions, and Process Technologies.

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Earnings History and Estimates for Roper Technologies (NYSE:ROP)

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