Roper Technologies (NYSE:ROP) Releases FY 2024 Earnings Guidance

Roper Technologies (NYSE:ROP) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 18.210-18.250 for the period, compared to the consensus estimate of 18.210. The company issued revenue guidance of $7.0 billion-$7.0 billion, compared to the consensus revenue estimate of $6.9 billion. Roper Technologies also updated its Q4 guidance to $4.70-4.74 EPS.

Roper Technologies Price Performance

NYSE ROP traded down $1.46 during trading hours on Friday, hitting $540.64. The company had a trading volume of 64,298 shares, compared to its average volume of 494,475. Roper Technologies has a 52 week low of $474.46 and a 52 week high of $579.10. The firm has a 50 day simple moving average of $551.48 and a 200 day simple moving average of $545.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. The firm has a market capitalization of $57.96 billion, a price-to-earnings ratio of 40.16, a PEG ratio of 2.89 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping the consensus estimate of $4.53 by $0.09. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.32 EPS. Equities research analysts expect that Roper Technologies will post 18.16 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, October 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is presently 22.22%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ROP shares. Jefferies Financial Group lifted their price target on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Truist Financial reiterated a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Barclays raised their price objective on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Finally, Royal Bank of Canada decreased their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $620.80.

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.