Roper Technologies (NYSE:ROP) Issues Q2 2024 Earnings Guidance

Roper Technologies (NYSE:ROP) issued an update on its second quarter 2024 earnings guidance on Friday morning. The company provided EPS guidance of 4.420-4.460 for the period, compared to the consensus EPS estimate of 4.490. The company issued revenue guidance of -. Roper Technologies also updated its FY 2024 guidance to 18.050-18.250 EPS.

Roper Technologies Stock Performance

ROP opened at $540.41 on Friday. The company has a market cap of $57.83 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 2.83 and a beta of 0.99. The stock has a 50-day moving average of $545.43 and a 200-day moving average of $533.17. Roper Technologies has a 52-week low of $430.03 and a 52-week high of $565.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the firm earned $3.92 EPS. The firm’s revenue was up 12.7% compared to the same quarter last year. As a group, equities research analysts forecast that Roper Technologies will post 18.08 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were issued a $0.75 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.56%. Roper Technologies’s dividend payout ratio (DPR) is 23.27%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Royal Bank of Canada increased their price target on Roper Technologies from $620.00 to $622.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. Raymond James increased their price target on Roper Technologies from $572.00 to $620.00 and gave the stock a strong-buy rating in a research report on Friday, February 2nd. 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 research report on Thursday, January 4th. Wells Fargo & Company increased their price objective on Roper Technologies from $560.00 to $615.00 and gave the company an overweight rating in a research report on Monday, January 22nd. Finally, Barclays increased their price objective on Roper Technologies from $596.00 to $600.00 and gave the company an overweight rating in a research report on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Roper Technologies currently has an average rating of Moderate Buy and an average target price of $574.58.

Insider Buying and Selling at Roper Technologies

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

Roper Technologies Company Profile

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.