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

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

Roper Technologies Trading Down 2.5 %

NYSE ROP opened at $526.78 on Monday. Roper Technologies has a 12 month low of $435.49 and a 12 month high of $565.00. The firm has a market capitalization of $56.38 billion, a P/E ratio of 38.23, a PEG ratio of 2.77 and a beta of 0.99. The business has a fifty day simple moving average of $545.05 and a 200 day simple moving average of $533.84. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41.

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

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were given a dividend of $0.75 per share. 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 dividend payout ratio (DPR) is presently 21.77%.

Analyst Ratings Changes

ROP has been the subject of a number of research reports. TD Cowen cut Roper Technologies from an outperform rating to a market perform rating and set a $535.00 price target for the company. in a research report on Thursday, January 4th. Oppenheimer lifted 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. Raymond James increased their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a strong-buy rating in a research note on Friday, February 2nd. Wells Fargo & Company raised their price target on shares of Roper Technologies from $560.00 to $615.00 and gave the company an overweight rating in a research note on Monday, January 22nd. Finally, Royal Bank of Canada lifted their price target on Roper Technologies from $620.00 to $622.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $574.58.

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of Roper Technologies 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 in the company, valued at $19,540,541.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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.