Roper Technologies (NYSE:ROP) Issues FY24 Earnings Guidance

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

Analyst Ratings Changes

Several research firms have commented on ROP. Wells Fargo & Company increased their price target on shares of Roper Technologies from $560.00 to $615.00 and gave the company an overweight rating in a research report on Monday, January 22nd. Mizuho increased their price objective on shares of Roper Technologies from $500.00 to $525.00 and gave the company a neutral rating in a research report on Thursday, February 1st. Royal Bank of Canada increased their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the company an outperform rating in a research report on Thursday, February 1st. Oppenheimer increased their price target on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an outperform rating in a report on Friday, March 22nd. Finally, TD Cowen downgraded shares of Roper Technologies from an outperform rating to a market perform rating and set a $535.00 price target on the stock. in a report on Thursday, January 4th. Four equities research 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 company’s stock. According to data from MarketBeat, Roper Technologies presently has an average rating of Moderate Buy and an average price target of $574.58.

Roper Technologies Price Performance

Roper Technologies stock traded down $13.63 during trading on Friday, reaching $526.78. The company had a trading volume of 856,077 shares, compared to its average volume of 505,450. The firm’s 50-day simple moving average is $545.05 and its 200 day simple moving average is $533.36. Roper Technologies has a 1-year low of $435.49 and a 1-year high of $565.00. The firm has a market capitalization of $56.38 billion, a PE ratio of 40.87, a price-to-earnings-growth ratio of 2.83 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) 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 firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the company earned $3.90 EPS. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Roper Technologies will post 18.08 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were issued a $0.75 dividend. The ex-dividend date was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a yield of 0.57%. Roper Technologies’s payout ratio is currently 23.27%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the firm’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 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 is available at the SEC website. 0.94% of the stock is currently owned by 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.