Roper Technologies (NYSE:ROP) Releases FY24 Earnings Guidance

Roper Technologies (NYSE:ROP) updated its FY24 earnings guidance on Friday. 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.

Analyst Ratings Changes

A number of research firms have recently issued reports on ROP. 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. Mizuho boosted their target price on Roper Technologies from $500.00 to $525.00 and gave the company a neutral rating in a research note on Thursday, February 1st. Barclays upped their price target on Roper Technologies from $596.00 to $600.00 and gave the company an overweight rating in a research report on Tuesday, April 2nd. Oppenheimer upped their price target on Roper Technologies from $580.00 to $650.00 and gave the company an outperform rating in a research report on Friday, March 22nd. Finally, Wells Fargo & Company upped their price target on Roper Technologies from $560.00 to $615.00 and gave the company an overweight rating in a research report on Monday, January 22nd. 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 stock. According to MarketBeat, Roper Technologies currently has an average rating of Moderate Buy and a consensus price target of $574.58.

Roper Technologies Trading Down 2.5 %

Shares of Roper Technologies stock opened at $526.78 on Monday. The firm has a market cap of $56.38 billion, a price-to-earnings ratio of 38.23, a PEG ratio of 2.77 and a beta of 0.99. The business has a 50-day moving average price of $545.05 and a 200-day moving average price of $533.84. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41. Roper Technologies has a twelve month low of $435.49 and a twelve month high of $565.00.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the firm posted $3.90 earnings per share. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities research analysts anticipate that Roper Technologies will post 18.08 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were issued 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 0.57%. Roper Technologies’s dividend payout ratio is presently 21.77%.

Insider Activity

In related news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.