Zacks: Analysts Anticipate Roper Technologies Inc (ROP) to Post $2.61 Earnings Per Share

Analysts predict that Roper Technologies Inc (NYSE:ROP) will announce earnings per share of $2.61 for the current quarter, Zacks reports. Six analysts have made 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 during the same quarter last year, which would suggest a positive year-over-year growth rate of 40.3%. The business is expected to report its next earnings report before the market opens 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 year, with EPS estimates ranging from $9.28 to $9.35. For the next fiscal year, analysts anticipate that the company will report earnings of $10.09 per share, with EPS estimates ranging from $9.90 to $10.25. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Roper Technologies.

Roper Technologies (NYSE:ROP) last issued its earnings results on Monday, October 30th. The industrial products company reported $2.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.06. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.65 EPS.

ROP has been the subject of several research reports. JPMorgan Chase & Co. raised Roper Technologies from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $223.00 to $275.00 in a report on Wednesday, September 20th. Cowen reissued a “buy” rating and set a $250.00 price target on shares of Roper Technologies in a report on Thursday, October 12th. Royal Bank of Canada lifted their price target on Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Oppenheimer reissued a “buy” rating on shares of Roper Technologies in a report on Monday, October 30th. Finally, Robert W. Baird lifted their price target on Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $256.27.

Shares of Roper Technologies (NYSE ROP) opened at $275.28 on Friday. The firm has a market capitalization of $28,180.00, a P/E ratio of 40.01, a P/E/G ratio of 2.19 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.94 and a current ratio of 1.07. Roper Technologies has a fifty-two week low of $185.10 and a fifty-two week high of $275.52.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be issued a $0.4125 dividend. The ex-dividend date of this dividend is Monday, January 8th. This is a boost from Roper Technologies’s previous quarterly dividend of $0.35. This represents a $1.65 annualized dividend and a yield of 0.60%. Roper Technologies’s payout ratio is currently 23.98%.

In other Roper Technologies news, Director Christopher Wright sold 250 shares of Roper Technologies stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $258.64, for a total value of $64,660.00. Following the completion of the transaction, the director now directly owns 64,450 shares of the company’s stock, valued at approximately $16,669,348. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian D. Jellison sold 81,500 shares of Roper Technologies stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $259.63, for a total value of $21,159,845.00. Following the completion of the transaction, the chief executive officer now directly owns 1,448,575 shares of the company’s stock, valued at $376,093,527.25. The disclosure for this sale can be found here. Insiders sold a total of 86,950 shares of company stock valued at $22,574,581 over the last ninety days. Insiders own 2.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in ROP. CIBC World Markets Inc. acquired a new position in Roper Technologies in the 2nd quarter valued at $226,000. Wells Fargo & Company MN raised its holdings in Roper Technologies by 32.5% in the 2nd quarter. Wells Fargo & Company MN now owns 216,802 shares of the industrial products company’s stock valued at $50,197,000 after acquiring an additional 53,202 shares in the last quarter. Fiera Capital Corp raised its holdings in Roper Technologies by 3.5% in the 2nd quarter. Fiera Capital Corp now owns 1,340 shares of the industrial products company’s stock valued at $310,000 after acquiring an additional 45 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Roper Technologies by 2.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 190,407 shares of the industrial products company’s stock valued at $44,082,000 after acquiring an additional 3,910 shares in the last quarter. Finally, Norinchukin Bank The raised its holdings in Roper Technologies by 7.0% in the 2nd quarter. Norinchukin Bank The now owns 7,080 shares of the industrial products company’s stock valued at $1,639,000 after acquiring an additional 461 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This story was published by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://www.com-unik.info/2018/01/14/zacks-analysts-anticipate-roper-technologies-inc-rop-to-post-2-61-earnings-per-share.html.

Roper Technologies Company Profile

Get a free copy of the Zacks research report on Roper Technologies (ROP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Roper Technologies (NYSE:ROP)

Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit