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

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on ROP shares. Oppenheimer upped their price target on Roper Technologies from $580.00 to $650.00 and gave the stock an outperform rating in a research note on Friday, March 22nd. Raymond James upped their price target on Roper Technologies from $572.00 to $620.00 and gave the stock a strong-buy rating in a research note on Friday, February 2nd. Barclays upped 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. Mizuho upped their price target on Roper Technologies from $500.00 to $525.00 and gave the stock a neutral rating in a research note on Thursday, February 1st. Finally, Wells Fargo & Company raised their price objective on Roper Technologies from $560.00 to $615.00 and gave the stock an overweight rating in a report on Monday, January 22nd. Four 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 stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $574.58.

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 cap of $56.38 billion, a PE ratio of 38.23, a P/E/G ratio of 2.78 and a beta of 0.99. The business has a 50-day moving average of $545.05 and a 200-day moving average of $533.61. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46. Roper Technologies has a 1-year low of $435.49 and a 1-year high of $565.00.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the company earned $3.90 EPS. Roper Technologies’s revenue was up 14.4% on a year-over-year basis. As a group, analysts forecast 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 issued a $0.75 dividend. 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 payout ratio is 21.77%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction dated 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 directly owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.94% of the stock is owned by corporate 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.