$3.13 EPS Expected for Roper Technologies Inc (ROP) This Quarter

Wall Street brokerages expect that Roper Technologies Inc (NYSE:ROP) will report $3.13 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Roper Technologies’ earnings, with estimates ranging from $3.11 to $3.14. Roper Technologies posted earnings of $2.70 per share in the same quarter last year, which would indicate a positive year over year growth rate of 15.9%. The business is scheduled to announce its next earnings results on Friday, February 1st.

According to Zacks, analysts expect that Roper Technologies will report full year earnings of $11.72 per share for the current year, with EPS estimates ranging from $11.70 to $11.73. For the next financial year, analysts expect that the firm will post earnings of $12.21 per share, with EPS estimates ranging from $11.95 to $12.90. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Roper Technologies.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Friday, October 26th. The industrial products company reported $3.09 EPS for the quarter, beating the consensus estimate of $2.94 by $0.15. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. Roper Technologies had a return on equity of 16.30% and a net margin of 22.44%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.36 EPS.

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. downgraded Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 price objective for the company. in a report on Friday, September 21st. Stephens assumed coverage on Roper Technologies in a report on Monday, November 19th. They issued an “overweight” rating and a $333.00 price objective for the company. Zacks Investment Research raised Roper Technologies from a “sell” rating to a “hold” rating in a report on Monday, October 29th. Finally, Barclays cut their price objective on Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating for the company in a report on Monday, October 29th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $319.08.

Shares of NYSE ROP traded up $3.72 during trading hours on Friday, hitting $297.59. The company had a trading volume of 414,262 shares, compared to its average volume of 389,791. The company has a market cap of $30.40 billion, a PE ratio of 31.59, a PEG ratio of 2.03 and a beta of 1.14. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 0.58. Roper Technologies has a 1-year low of $252.23 and a 1-year high of $312.65.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 9th will be issued a dividend of $0.4625 per share. This is an increase from Roper Technologies’s previous quarterly dividend of $0.41. The ex-dividend date is Tuesday, January 8th. This represents a $1.85 annualized dividend and a yield of 0.62%. Roper Technologies’s dividend payout ratio (DPR) is currently 17.52%.

In other Roper Technologies news, Director Christopher Wright sold 600 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $294.85, for a total transaction of $176,910.00. Following the completion of the sale, the director now owns 63,080 shares of the company’s stock, valued at approximately $18,599,138. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert D. Johnson sold 750 shares of the firm’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $298.37, for a total value of $223,777.50. The disclosure for this sale can be found here. Insiders have sold a total of 2,350 shares of company stock valued at $686,758 in the last ninety days. Insiders own 2.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. B & T Capital Management DBA Alpha Capital Management increased its position in Roper Technologies by 3.4% during the 3rd quarter. B & T Capital Management DBA Alpha Capital Management now owns 5,126 shares of the industrial products company’s stock worth $1,518,000 after buying an additional 170 shares during the period. Neuburgh Advisers LLC increased its position in Roper Technologies by 10.9% during the 2nd quarter. Neuburgh Advisers LLC now owns 1,792 shares of the industrial products company’s stock worth $494,000 after buying an additional 176 shares during the period. Motley Fool Asset Management LLC increased its position in Roper Technologies by 16.0% during the 3rd quarter. Motley Fool Asset Management LLC now owns 1,273 shares of the industrial products company’s stock worth $377,000 after buying an additional 176 shares during the period. HL Financial Services LLC increased its position in Roper Technologies by 15.8% during the 2nd quarter. HL Financial Services LLC now owns 1,359 shares of the industrial products company’s stock worth $375,000 after buying an additional 185 shares during the period. Finally, Dorsey & Whitney Trust CO LLC increased its position in Roper Technologies by 17.8% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 1,247 shares of the industrial products company’s stock worth $369,000 after buying an additional 188 shares during the period. 91.90% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.

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