Equities analysts forecast that Roper Technologies, Inc. (NYSE:ROP) will announce $2.60 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Roper Technologies’ earnings, with the highest EPS estimate coming in at $2.62 and the lowest estimate coming in at $2.58. Roper Technologies reported earnings per share of $1.86 in the same quarter last year, which would indicate a positive year-over-year growth rate of 39.8%. The business is scheduled to announce its next earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Roper Technologies will report full-year earnings of $9.31 per share for the current fiscal year, with EPS estimates ranging from $9.28 to $9.33. For the next fiscal year, analysts anticipate that the business will report earnings of $10.09 per share, with EPS estimates ranging from $9.90 to $10.25. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow Roper Technologies.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Monday, October 30th. The industrial products company reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.06. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.65 EPS.
A number of research analysts recently commented on ROP shares. J P Morgan Chase & Co upgraded Roper Technologies from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $223.00 to $275.00 in a research report on Wednesday, September 20th. Zacks Investment Research cut Roper Technologies from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Royal Bank Of Canada restated a “buy” rating and issued a $248.00 price target on shares of Roper Technologies in a research report on Wednesday, July 12th. Cowen and Company restated a “buy” rating and issued a $250.00 price target on shares of Roper Technologies in a research report on Thursday, October 12th. Finally, BidaskClub cut Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $249.15.
Roper Technologies (NYSE:ROP) opened at $258.06 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.07 and a quick ratio of 0.94. Roper Technologies has a 12-month low of $169.42 and a 12-month high of $261.07. The company has a market capitalization of $26,378.81, a price-to-earnings ratio of 30.11, a P/E/G ratio of 2.25 and a beta of 1.06.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Thursday, October 5th. Roper Technologies’s dividend payout ratio (DPR) is presently 20.32%.
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In related news, Director Robert D. Johnson sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $234.97, for a total value of $469,940.00. Following the sale, the director now directly owns 10,900 shares of the company’s stock, valued at $2,561,173. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jason Conley sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $245.00, for a total value of $1,225,000.00. Following the completion of the sale, the vice president now directly owns 14,571 shares in the company, valued at $3,569,895. The disclosure for this sale can be found here. Insiders sold 15,500 shares of company stock worth $3,792,570 over the last ninety days. 2.50% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in ROP. Oppenheimer Asset Management Inc. acquired a new stake in Roper Technologies in the first quarter valued at about $362,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of Roper Technologies by 4.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 12,344 shares of the industrial products company’s stock valued at $2,549,000 after purchasing an additional 474 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its stake in shares of Roper Technologies by 164.7% during the second quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 313 shares in the last quarter. Trust Co boosted its stake in shares of Roper Technologies by 14.3% during the first quarter. Trust Co now owns 1,282 shares of the industrial products company’s stock valued at $264,000 after purchasing an additional 160 shares in the last quarter. Finally, Guinness Asset Management Ltd boosted its stake in shares of Roper Technologies by 6.7% during the second quarter. Guinness Asset Management Ltd now owns 14,580 shares of the industrial products company’s stock valued at $3,376,000 after purchasing an additional 920 shares in the last quarter. 94.13% of the stock is currently owned by institutional investors and hedge funds.
About Roper Technologies
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