Roper Technologies (NYSE:ROP) Releases Q4 2024 Earnings Guidance

by · The Cerbat Gem

Roper Technologies (NYSE:ROP – Get Free Report) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.700-4.740 for the period, compared to the consensus estimate of 4.770. The company issued revenue guidance of -. Roper Technologies also updated its FY 2024 guidance to 18.210-18.250 EPS.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ROP shares. Truist Financial reaffirmed a “buy” rating and issued a $660.00 price target on shares of Roper Technologies in a report on Tuesday, August 27th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Royal Bank of Canada upped their price objective on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Oppenheimer dropped their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Finally, Barclays upped their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $619.50.

Check Out Our Latest Stock Analysis on Roper Technologies

Roper Technologies Price Performance

ROP stock traded down $11.26 during mid-day trading on Wednesday, reaching $540.84. 219,480 shares of the company’s stock were exchanged, compared to its average volume of 494,811. The company has a market cap of $57.98 billion, a price-to-earnings ratio of 40.90, a price-to-earnings-growth ratio of 2.92 and a beta of 1.02. The stock’s 50 day moving average is $551.18 and its 200 day moving average is $545.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. Roper Technologies has a 12-month low of $474.46 and a 12-month high of $579.10.

Roper Technologies (NYSE:ROP – Get Free Report) last released its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.02. The business had revenue of $1.72 billion for 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%. On average, research analysts expect that Roper Technologies will post 18.16 EPS 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 paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Tuesday, October 8th. Roper Technologies’s dividend payout ratio is currently 22.22%.

Insiders Place Their Bets

In related news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the transaction, the director now owns 5,909 shares in the company, valued at approximately $3,251,959.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.87% of the company’s stock.

About Roper Technologies

(Get Free Report)

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.

Featured Stories