Roper Technologies (NYSE:ROP) Releases Q4 Earnings Guidance

Roper Technologies (NYSE:ROP) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $4.70-4.74 for the period, compared to the consensus EPS estimate of $4.76. Roper Technologies also updated its FY 2024 guidance to 18.210-18.250 EPS.

Roper Technologies Stock Performance

Roper Technologies stock traded down $0.25 during mid-day trading on Friday, hitting $541.85. 70,801 shares of the company’s stock traded hands, compared to its average volume of 494,539. Roper Technologies has a fifty-two week low of $474.46 and a fifty-two week high of $579.10. The stock has a market cap of $58.09 billion, a price-to-earnings ratio of 40.16, a P/E/G ratio of 2.89 and a beta of 1.02. The firm has a 50 day simple moving average of $551.48 and a two-hundred day simple moving average of $545.46. 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 (NYSE:ROP) last announced 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 net margin of 22.14% and a return on equity of 10.77%. Roper Technologies’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.32 EPS. On average, research analysts expect that Roper Technologies will post 18.16 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Tuesday, October 8th were issued a dividend of $0.75 per share. The ex-dividend date was Tuesday, October 8th. This represents a $3.00 annualized dividend and a yield of 0.55%. Roper Technologies’s payout ratio is currently 22.22%.

Analyst Ratings Changes

ROP has been the topic of several research reports. Oppenheimer decreased their price target on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Royal Bank of Canada decreased their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday. Truist Financial reaffirmed a “buy” rating and issued a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday. Robert W. Baird increased their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.