Roper Technologies (NYSE:ROP) Releases FY24 Earnings Guidance

Roper Technologies (NYSE:ROP) updated its FY24 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $18.05-18.25 for the period, compared to the consensus estimate of $18.11. Roper Technologies also updated its FY 2024 guidance to 18.050-18.250 EPS.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Raymond James upped their price target on Roper Technologies from $572.00 to $620.00 and gave the stock a strong-buy rating in a research note on Friday, February 2nd. Barclays upped their price objective on Roper Technologies from $596.00 to $600.00 and gave the stock an overweight rating in a report on Tuesday, April 2nd. Mizuho upped their price objective on Roper Technologies from $500.00 to $525.00 and gave the stock a neutral rating in a report on Thursday, February 1st. TD Cowen lowered Roper Technologies from an outperform rating to a market perform rating and set a $535.00 price objective on the stock. in a report on Thursday, January 4th. Finally, Royal Bank of Canada raised their price target on Roper Technologies from $620.00 to $622.00 and gave the company an outperform rating in a research report on Thursday, February 1st. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $574.58.

Roper Technologies Trading Down 2.5 %

Shares of NYSE ROP traded down $13.63 during midday trading on Friday, hitting $526.78. The stock had a trading volume of 856,077 shares, compared to its average volume of 505,450. The company has a market capitalization of $56.38 billion, a price-to-earnings ratio of 40.87, a PEG ratio of 2.83 and a beta of 0.99. Roper Technologies has a 1-year low of $435.49 and a 1-year high of $565.00. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average price of $545.05 and a 200 day moving average price of $533.36.

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

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were issued a dividend of $0.75 per share. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.57%. Roper Technologies’s payout ratio is currently 23.27%.

Insider Activity at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the sale, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.94% of the company’s stock.

About Roper Technologies

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.