Roper Technologies (NYSE:ROP) Releases FY24 Earnings Guidance

Roper Technologies (NYSE:ROP) issued an update on its FY24 earnings guidance on Friday morning. The company provided EPS guidance of $18.05-18.25 for the period, compared to the consensus EPS estimate of $18.11. Roper Technologies also updated its FY 2024 guidance to 18.050-18.250 EPS.

Roper Technologies Stock Performance

NYSE:ROP opened at $540.41 on Friday. Roper Technologies has a 1-year low of $430.03 and a 1-year high of $565.00. The company’s 50-day moving average is $545.43 and its two-hundred day moving average is $533.17. The firm has a market capitalization of $57.83 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 2.83 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46.

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

Roper Technologies Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently commented on ROP shares. Royal Bank of Canada lifted their target price on shares of Roper Technologies from $620.00 to $622.00 and gave the company an outperform rating in a report on Thursday, February 1st. TD Cowen cut shares of Roper Technologies from an outperform rating to a market perform rating and set a $535.00 target price for the company. in a research report on Thursday, January 4th. Mizuho lifted their price objective on Roper Technologies from $500.00 to $525.00 and gave the stock a neutral rating in a research report on Thursday, February 1st. Barclays raised their price objective on Roper Technologies from $596.00 to $600.00 and gave the stock an overweight rating in a report on Tuesday, April 2nd. Finally, Wells Fargo & Company lifted their target price on Roper Technologies from $560.00 to $615.00 and gave the stock an overweight rating in a research report on Monday, January 22nd. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $574.58.

Insider Activity at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.94% of the stock is currently owned by company insiders.

Roper Technologies Company Profile

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.