Zacks: Analysts Expect Roper Technologies Inc (ROP) Will Post Earnings of $3.05 Per Share

Equities research analysts expect Roper Technologies Inc (NYSE:ROP) to report earnings per share (EPS) of $3.05 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Roper Technologies’ earnings, with estimates ranging from $3.02 to $3.10. Roper Technologies reported earnings per share of $2.89 during the same quarter last year, which indicates a positive year over year growth rate of 5.5%. The company is expected to issue its next earnings report on Thursday, July 25th.

On average, analysts expect that Roper Technologies will report full year earnings of $12.75 per share for the current fiscal year, with EPS estimates ranging from $12.30 to $12.90. For the next financial year, analysts forecast that the firm will report earnings of $13.04 per share, with EPS estimates ranging from $12.90 to $13.15. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Roper Technologies.

Roper Technologies (NYSE:ROP) last posted its earnings results on Thursday, April 25th. The industrial products company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.52. Roper Technologies had a net margin of 20.90% and a return on equity of 17.00%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business posted $2.61 EPS. Roper Technologies’s revenue was up 7.0% compared to the same quarter last year.

ROP has been the topic of a number of research analyst reports. Barclays raised their target price on shares of Roper Technologies from $316.00 to $330.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 3rd. Robert W. Baird raised their target price on shares of Roper Technologies from $285.00 to $306.00 and gave the company a “neutral” rating in a research note on Monday, February 4th. Stephens raised their target price on shares of Roper Technologies from $390.00 to $402.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Raymond James raised their target price on shares of Roper Technologies from $330.00 to $370.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Wells Fargo & Co raised their target price on shares of Roper Technologies from $342.00 to $345.00 and gave the company an “outperform” rating in a research note on Monday, February 4th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Roper Technologies has a consensus rating of “Buy” and a consensus target price of $349.90.

NYSE:ROP traded up $6.91 during midday trading on Friday, reaching $360.86. The stock had a trading volume of 12,892 shares, compared to its average volume of 396,858. Roper Technologies has a 1-year low of $245.59 and a 1-year high of $363.85. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $36.75 billion, a PE ratio of 30.38, a PEG ratio of 2.20 and a beta of 1.21.

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were given a $0.4625 dividend. The ex-dividend date was Friday, April 5th. This represents a $1.85 annualized dividend and a yield of 0.51%. Roper Technologies’s dividend payout ratio is 15.66%.

In related news, Director Wilbur J. Prezzano sold 6,000 shares of Roper Technologies stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $311.61, for a total transaction of $1,869,660.00. Following the completion of the transaction, the director now directly owns 20,206 shares of the company’s stock, valued at approximately $6,296,391.66. 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 Roper Technologies stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $326.11, for a total transaction of $244,582.50. The disclosure for this sale can be found here. Insiders sold a total of 8,500 shares of company stock worth $2,688,470 over the last 90 days. Company insiders own 2.30% of the company’s stock.

A number of hedge funds have recently made changes to their positions in ROP. JPMorgan Chase & Co. lifted its holdings in Roper Technologies by 12.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,249,142 shares of the industrial products company’s stock valued at $370,008,000 after purchasing an additional 134,469 shares during the last quarter. Standard Life Aberdeen plc lifted its holdings in Roper Technologies by 13.1% during the 3rd quarter. Standard Life Aberdeen plc now owns 31,642 shares of the industrial products company’s stock valued at $9,375,000 after purchasing an additional 3,656 shares during the last quarter. Legal & General Group Plc increased its position in Roper Technologies by 6.3% in the 3rd quarter. Legal & General Group Plc now owns 481,952 shares of the industrial products company’s stock valued at $142,779,000 after acquiring an additional 28,466 shares in the last quarter. Federated Investors Inc. PA increased its position in Roper Technologies by 0.9% in the 3rd quarter. Federated Investors Inc. PA now owns 556,767 shares of the industrial products company’s stock valued at $164,920,000 after acquiring an additional 4,705 shares in the last quarter. Finally, Vanguard Group Inc increased its position in Roper Technologies by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 11,266,186 shares of the industrial products company’s stock valued at $3,337,157,000 after acquiring an additional 76,582 shares in the last quarter. 92.29% of the stock is owned by hedge funds and other institutional investors.

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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