Equities research analysts expect that Roper Technologies Inc (NYSE:ROP) will post sales of $1.30 billion for the current quarter, Zacks reports. Five analysts have issued estimates for Roper Technologies’ earnings. The lowest sales estimate is $1.27 billion and the highest is $1.32 billion. Roper Technologies posted sales of $1.16 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.1%. The business is expected to announce its next earnings report on Monday, October 29th.

According to Zacks, analysts expect that Roper Technologies will report full year sales of $5.16 billion for the current financial year, with estimates ranging from $5.14 billion to $5.17 billion. For the next financial year, analysts forecast that the company will post sales of $5.41 billion per share, with estimates ranging from $5.31 billion to $5.47 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Roper Technologies.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Thursday, July 26th. The industrial products company reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.19. Roper Technologies had a net margin of 21.99% and a return on equity of 15.81%. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the firm earned $2.24 earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis.

Several research firms have recently commented on ROP. Argus boosted their target price on shares of Roper Technologies from $295.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. ValuEngine downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, June 20th. JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $303.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. Raymond James downgraded shares of Roper Technologies from a “strong-buy” rating to an “outperform” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $335.00 target price on the stock in a report on Monday, July 30th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Roper Technologies has an average rating of “Buy” and an average price target of $313.50.

Shares of ROP stock traded down $0.13 during mid-day trading on Thursday, hitting $310.83. The company had a trading volume of 292,120 shares, compared to its average volume of 434,327. Roper Technologies has a 52-week low of $235.28 and a 52-week high of $312.52. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.70 and a current ratio of 0.80. The company has a market capitalization of $31.47 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 2.14 and a beta of 1.12.

In related news, VP Jason Conley sold 5,000 shares of the company’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $299.78, for a total transaction of $1,498,900.00. Following the sale, the vice president now owns 19,205 shares of the company’s stock, valued at $5,757,274.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard F. Wallman purchased 500 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The shares were acquired at an average cost of $312.35 per share, for a total transaction of $156,175.00. Following the purchase, the director now owns 52,965 shares of the company’s stock, valued at $16,543,617.75. The disclosure for this purchase can be found here. Insiders sold 8,750 shares of company stock worth $2,616,258 in the last three months. Insiders own 2.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in ROP. Cornerstone Wealth Management LLC purchased a new stake in Roper Technologies during the second quarter valued at $113,000. Three Peaks Capital Management LLC purchased a new stake in Roper Technologies during the first quarter valued at $114,000. Fort L.P. purchased a new stake in Roper Technologies during the second quarter valued at $120,000. Signaturefd LLC purchased a new stake in Roper Technologies during the first quarter valued at $130,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in Roper Technologies during the second quarter valued at $149,000. 92.50% of the stock is currently owned by institutional investors.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.

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

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