Roper Technologies (NYSE:ROP) Announces Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Roper Technologies (NYSE:ROP) released its quarterly earnings data on Thursday. The industrial products company reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.10, Briefing.com reports. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.37 billion. Roper Technologies had a net margin of 21.16% and a return on equity of 16.70%. Roper Technologies’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.09 earnings per share. Roper Technologies updated its Q4 guidance to $3.32-3.36 EPS.

NYSE:ROP opened at $332.33 on Friday. Roper Technologies has a 1 year low of $245.59 and a 1 year high of $385.51. The firm’s fifty day simple moving average is $350.52 and its 200 day simple moving average is $357.37. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $34.83 billion, a PE ratio of 28.14, a PEG ratio of 2.34 and a beta of 1.14.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Friday, October 4th were paid a $0.4625 dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.85 dividend on an annualized basis and a yield of 0.56%. Roper Technologies’s payout ratio is presently 15.66%.

Several research analysts have recently issued reports on the stock. ValuEngine cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Raymond James raised their target price on shares of Roper Technologies from $370.00 to $394.00 and gave the stock an “outperform” rating in a report on Wednesday, July 3rd. Barclays upped their price target on shares of Roper Technologies from $342.00 to $355.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 9th. Royal Bank of Canada upped their price target on shares of Roper Technologies from $393.00 to $404.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th. Finally, Wells Fargo & Co upped their price target on shares of Roper Technologies from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $376.80.

In other Roper Technologies news, Director Amy Woods Brinkley sold 1,500 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $360.54, for a total value of $540,810.00. Following the sale, the director now directly owns 15,380 shares in the company, valued at approximately $5,545,105.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $363.04, for a total transaction of $181,520.00. Following the completion of the sale, the director now owns 9,080 shares in the company, valued at $3,296,403.20. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

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Earnings History for Roper Technologies (NYSE:ROP)

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