$2.70 EPS Expected for Roper Technologies (ROP) This Quarter

Brokerages predict that Roper Technologies (NYSE:ROP) will report earnings per share (EPS) of $2.70 for the current quarter, according to Zacks. Five analysts have issued estimates for Roper Technologies’ earnings. The lowest EPS estimate is $2.68 and the highest is $2.70. Roper Technologies posted earnings per share of $2.24 in the same quarter last year, which suggests a positive year-over-year growth rate of 20.5%. The company is scheduled to announce its next quarterly earnings report on Monday, July 30th.

According to Zacks, analysts expect that Roper Technologies will report full-year earnings of $11.14 per share for the current fiscal year, with EPS estimates ranging from $10.91 to $11.32. For the next year, analysts expect that the company will post earnings of $11.98 per share, with EPS estimates ranging from $11.75 to $12.20. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Roper Technologies.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Friday, April 20th. The industrial products company reported $2.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.49 by $0.12. Roper Technologies had a return on equity of 15.41% and a net margin of 21.70%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company earned $2.11 EPS. Roper Technologies’s quarterly revenue was up 10.7% compared to the same quarter last year.

A number of brokerages recently issued reports on ROP. ValuEngine raised Roper Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. JPMorgan Chase raised their price target on Roper Technologies from $303.00 to $305.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 24th. Barclays raised their price target on Roper Technologies from $285.00 to $290.00 and gave the stock an “equal weight” rating in a research note on Monday, April 23rd. Robert W. Baird reissued a “hold” rating and set a $293.00 price target on shares of Roper Technologies in a research note on Monday, April 23rd. Finally, Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a research note on Monday, April 9th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $303.75.

Shares of ROP stock traded up $0.22 on Friday, reaching $275.47. 520,700 shares of the company’s stock were exchanged, compared to its average volume of 474,826. Roper Technologies has a 52 week low of $219.41 and a 52 week high of $292.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 0.73. The firm has a market capitalization of $28.45 billion, a P/E ratio of 29.24, a P/E/G ratio of 2.00 and a beta of 1.06.

The company also recently announced a quarterly dividend, which was paid on Monday, April 23rd. Shareholders of record on Monday, April 9th were given a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Friday, April 6th. Roper Technologies’s dividend payout ratio (DPR) is presently 17.52%.

In other Roper Technologies news, Director Christopher Wright sold 1,500 shares of Roper Technologies stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $280.08, for a total transaction of $420,120.00. Following the completion of the sale, the director now directly owns 62,050 shares of the company’s stock, valued at approximately $17,378,964. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard F. Wallman bought 500 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were purchased at an average cost of $282.59 per share, with a total value of $141,295.00. The disclosure for this purchase can be found here. Insiders own 2.50% of the company’s stock.

Several large investors have recently made changes to their positions in ROP. Reliance Trust Co. of Delaware purchased a new position in Roper Technologies during the 4th quarter worth $239,000. Amalgamated Bank raised its stake in Roper Technologies by 9.6% during the fourth quarter. Amalgamated Bank now owns 13,278 shares of the industrial products company’s stock worth $3,439,000 after acquiring an additional 1,168 shares during the period. AGF Investments Inc. raised its stake in Roper Technologies by 127.8% during the first quarter. AGF Investments Inc. now owns 15,302 shares of the industrial products company’s stock worth $4,295,000 after acquiring an additional 8,585 shares during the period. Alliancebernstein L.P. raised its stake in Roper Technologies by 3.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,148,723 shares of the industrial products company’s stock worth $297,519,000 after acquiring an additional 40,846 shares during the period. Finally, Meadow Creek Investment Management LLC raised its stake in Roper Technologies by 14.9% during the fourth quarter. Meadow Creek Investment Management LLC now owns 3,944 shares of the industrial products company’s stock worth $1,021,000 after acquiring an additional 510 shares during the period. Institutional investors and hedge funds own 93.66% of the company’s stock.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.

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Earnings History and Estimates for Roper Technologies (NYSE:ROP)

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