Roper Technologies (NYSE:ROP) Releases Q2 Earnings Guidance

Roper Technologies (NYSE:ROP) issued an update on its second quarter earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $4.42-4.46 for the period, compared to the consensus estimate of $4.49. Roper Technologies also updated its FY 2024 guidance to 18.050-18.250 EPS.

Roper Technologies Trading Down 2.5 %

ROP stock traded down $13.63 during midday trading on Friday, reaching $526.78. The company’s stock had a trading volume of 856,077 shares, compared to its average volume of 505,450. The business’s 50-day simple moving average is $545.05 and its 200-day simple moving average is $533.36. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. The stock has a market cap 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. Roper Technologies has a 52 week low of $435.49 and a 52 week high of $565.00.

Roper Technologies (NYSE:ROP) last posted its earnings results 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 net margin of 22.41% and a return on equity of 10.63%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the business posted $3.90 earnings per share. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, sell-side analysts expect that Roper Technologies will post 18.08 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors 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 dividend on an annualized basis and a dividend yield of 0.57%. Roper Technologies’s payout ratio is 23.27%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Raymond James raised their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a strong-buy rating in a report on Friday, February 2nd. Barclays lifted their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the company an overweight rating in a research note on Tuesday, April 2nd. Mizuho lifted their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the company a neutral rating in a research note on Thursday, February 1st. Oppenheimer lifted their price objective on shares of Roper Technologies from $580.00 to $650.00 and gave the company an outperform rating in a research 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 objective for the company. in a research report on Thursday, January 4th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $574.58.

Insider Buying and Selling

In other Roper Technologies 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 value of $109,942.00. Following the completion of the sale, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.94% of the stock is currently owned by insiders.

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.