Roper Technologies (NYSE:ROP) Issues FY24 Earnings Guidance

Roper Technologies (NYSE:ROP) issued an update on its FY24 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $18.05-18.25 for the period, compared to the consensus estimate of $18.11. Roper Technologies also updated its FY 2024 guidance to 18.050-18.250 EPS.

Roper Technologies Stock Performance

Shares of ROP stock opened at $540.41 on Friday. 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 stock has a 50-day moving average of $545.43 and a 200-day moving average of $533.17. Roper Technologies has a one year low of $430.03 and a one year high of $565.00. The stock has a market cap of $57.83 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 2.83 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.03. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. Roper Technologies’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the business posted $3.92 EPS. As a group, sell-side analysts expect that Roper Technologies will post 18.08 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors 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 dividend yield of 0.56%. Roper Technologies’s dividend payout ratio is currently 23.27%.

Analysts Set New Price Targets

ROP has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price on Roper Technologies from $620.00 to $622.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. Mizuho lifted their price target on Roper Technologies from $500.00 to $525.00 and gave the company a neutral rating in a research report on Thursday, February 1st. Barclays lifted their price target on Roper Technologies from $596.00 to $600.00 and gave the stock an overweight rating in a research note on Tuesday, April 2nd. Raymond James boosted their target price on Roper Technologies from $572.00 to $620.00 and gave the company a strong-buy rating in a research note on Friday, February 2nd. Finally, Wells Fargo & Company upped their target price on Roper Technologies from $560.00 to $615.00 and gave the stock an overweight rating in a report on Monday, January 22nd. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $574.58.

Insider Activity at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the business’s 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 completion of the sale, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.94% of the company’s stock.

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.