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

Roper Technologies (NYSE:ROP) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 18.050-18.250 for the period, compared to the consensus EPS estimate of 18.120. The company issued revenue guidance of -. Roper Technologies also updated its FY24 guidance to $18.05-18.25 EPS.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. TD Cowen downgraded shares of Roper Technologies from an outperform rating to a market perform rating and set a $535.00 price target for the company. in a research note on Thursday, January 4th. Wells Fargo & Company boosted their price target on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an overweight rating in a research note on Monday, January 22nd. Raymond James boosted their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a strong-buy rating in a research note on Friday, February 2nd. Barclays upped their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the company an overweight rating in a research note on Tuesday, April 2nd. Finally, Oppenheimer upped their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the company an outperform rating in a research note on Friday, March 22nd. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies currently has a consensus rating of Moderate Buy and a consensus price target of $574.58.

Roper Technologies Stock Down 2.5 %

ROP traded down $13.63 during trading hours on Friday, hitting $526.78. 856,081 shares of the company’s stock were exchanged, compared to its average volume of 498,846. Roper Technologies has a 1-year low of $435.49 and a 1-year high of $565.00. The stock’s 50-day moving average is $545.05 and its two-hundred day moving average is $533.61. The stock has a market cap of $56.38 billion, a price-to-earnings ratio of 38.23, a PEG ratio of 2.78 and a beta of 0.99. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33.

Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the company posted $3.90 earnings per share. The firm’s revenue was up 14.4% on a year-over-year basis. Sell-side analysts predict that Roper Technologies will post 18.08 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s payout ratio is 21.77%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the sale, the director now owns 35,547 shares in the company, valued at $19,540,541.37. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

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.