Roper Technologies (NYSE:ROP) Updates Q4 Earnings Guidance

Roper Technologies (NYSE:ROP) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $4.70-4.74 for the period, compared to the consensus earnings per share 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 opened at $542.00 on Friday. The stock has a 50-day simple moving average of $551.39 and a 200 day simple moving average of $545.44. The stock has a market capitalization of $58.10 billion, a price-to-earnings ratio of 40.15, a P/E/G ratio of 2.89 and a beta of 1.02. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. Roper Technologies has a 12-month low of $474.46 and a 12-month high of $579.10.

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. Roper Technologies’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business earned $4.32 earnings per share. On average, research analysts anticipate that Roper Technologies will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ROP. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Mizuho lifted their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Royal Bank of Canada cut their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday. Barclays upped their price objective on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Finally, Robert W. Baird raised their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and an average 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.