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

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays raised their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. Royal Bank of Canada raised their price target on shares of Roper Technologies from $620.00 to $622.00 and gave the company an outperform rating in a report on Thursday, February 1st. Oppenheimer raised their price target on shares of Roper Technologies from $580.00 to $650.00 and gave the company an outperform rating in a report on Friday, March 22nd. 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. Finally, Mizuho raised their price objective on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a neutral rating in a report on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $574.58.

Roper Technologies Price Performance

Shares of Roper Technologies stock traded down $13.63 on Friday, hitting $526.78. 856,081 shares of the company traded hands, compared to its average volume of 498,846. The stock has a market capitalization of $56.38 billion, a P/E ratio of 38.23, a price-to-earnings-growth ratio of 2.78 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 has a 52 week low of $435.49 and a 52 week high of $565.00. The business has a 50-day simple moving average of $545.05 and a 200 day simple moving average of $533.61.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.07. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.90 earnings per share. Research analysts expect that Roper Technologies will post 18.08 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.57%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s dividend payout ratio is presently 21.77%.

Insider Buying and Selling

In related news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total value of $109,942.00. Following the sale, the director now owns 35,547 shares in the company, valued at $19,540,541.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.94% of the stock is currently owned by company 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.