Roper Technologies (NYSE:ROP) Updates Q2 2024 Earnings Guidance

Roper Technologies (NYSE:ROP) issued an update on its second quarter 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 4.420-4.460 for the period, compared to the consensus earnings per share estimate of 4.490. The company issued revenue guidance of -. Roper Technologies also updated its FY 2024 guidance to 18.050-18.250 EPS.

Roper Technologies Trading Up 0.4 %

Shares of NYSE ROP opened at $540.41 on Friday. Roper Technologies has a twelve month low of $430.03 and a twelve month high of $565.00. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $545.43 and a 200-day simple moving average of $533.17. The stock has a market capitalization of $57.83 billion, a PE ratio of 32.20, a PEG ratio of 2.83 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, topping the consensus estimate of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the firm posted $3.92 EPS. Roper Technologies’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, equities analysts forecast that Roper Technologies will post 18.08 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.56%. Roper Technologies’s dividend payout ratio is currently 23.27%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ROP. TD Cowen cut Roper Technologies from an outperform rating to a market perform rating and set a $535.00 price objective for the company. in a research report on Thursday, January 4th. Oppenheimer boosted their target price on Roper Technologies from $580.00 to $650.00 and gave the company an outperform rating in a report on Friday, March 22nd. Royal Bank of Canada boosted their target price on Roper Technologies from $620.00 to $622.00 and gave the company an outperform rating in a report on Thursday, February 1st. Wells Fargo & Company boosted their target price on Roper Technologies from $560.00 to $615.00 and gave the company an overweight rating in a report on Monday, January 22nd. Finally, Mizuho boosted their target price on Roper Technologies from $500.00 to $525.00 and gave the company a neutral rating in a report on Thursday, February 1st. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roper Technologies has an average rating of Moderate Buy and an average price target of $574.58.

Insider Buying and Selling

In other Roper Technologies news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the transaction, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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.