Brokerages Expect Roper Technologies Inc (ROP) to Announce $2.94 EPS

Wall Street analysts expect Roper Technologies Inc (NYSE:ROP) to post earnings of $2.94 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Roper Technologies’ earnings, with the highest EPS estimate coming in at $2.95 and the lowest estimate coming in at $2.92. Roper Technologies reported earnings of $2.36 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 24.6%. The business is expected to issue its next quarterly earnings results before the market opens on Friday, October 26th.

On average, analysts expect that Roper Technologies will report full-year earnings of $11.51 per share for the current year, with EPS estimates ranging from $11.42 to $11.59. For the next fiscal year, analysts anticipate that the business will report earnings of $12.38 per share, with EPS estimates ranging from $12.00 to $12.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Roper Technologies.

Roper Technologies (NYSE:ROP) last posted its earnings results on Thursday, July 26th. The industrial products company reported $2.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.70 by $0.19. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.25 billion. Roper Technologies had a net margin of 21.99% and a return on equity of 15.81%. The firm’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.24 EPS.

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Roper Technologies from $303.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. ValuEngine lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. Cowen reiterated a “buy” rating and issued a $330.00 price objective on shares of Roper Technologies in a research note on Tuesday, July 31st. Zacks Investment Research lowered shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Finally, Argus increased their price objective on shares of Roper Technologies from $295.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Roper Technologies presently has a consensus rating of “Buy” and an average target price of $313.50.

In related news, VP Jason Conley sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $299.78, for a total value of $1,498,900.00. Following the completion of the transaction, the vice president now directly owns 19,205 shares of the company’s stock, valued at approximately $5,757,274.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard F. Wallman acquired 500 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was acquired at an average cost of $312.35 per share, with a total value of $156,175.00. Following the completion of the acquisition, the director now owns 52,965 shares in the company, valued at approximately $16,543,617.75. The disclosure for this purchase can be found here. Insiders have sold a total of 8,750 shares of company stock valued at $2,616,258 over the last three months. Insiders own 2.30% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROP. Cornerstone Wealth Management LLC bought a new position in Roper Technologies in the 2nd quarter worth approximately $113,000. Fort L.P. bought a new position in Roper Technologies in the 2nd quarter worth approximately $120,000. Whittier Trust Co. of Nevada Inc. bought a new position in Roper Technologies in the 2nd quarter worth approximately $149,000. LeJeune Puetz Investment Counsel LLC bought a new position in Roper Technologies in the 2nd quarter worth approximately $175,000. Finally, Cerebellum GP LLC purchased a new stake in Roper Technologies in the 2nd quarter worth approximately $179,000. 92.51% of the stock is owned by institutional investors.

NYSE:ROP opened at $284.32 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $30.61 billion, a price-to-earnings ratio of 30.18, a PEG ratio of 2.09 and a beta of 1.11. Roper Technologies has a 52 week low of $248.03 and a 52 week high of $312.65.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 22nd. Stockholders of record on Monday, October 8th will be given a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Thursday, October 4th. Roper Technologies’s dividend payout ratio is currently 17.52%.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.

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