Roper Technologies (NYSE:ROP) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

by · The Cerbat Gem

Roper Technologies (NYSE:ROP – Get Free Report) posted its quarterly earnings results on Wednesday. The industrial products company reported $4.62 earnings per share for the quarter, topping the consensus estimate of $4.53 by $0.09, Briefing.com reports. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the firm posted $4.32 earnings per share.

Roper Technologies Stock Performance

Shares of NYSE:ROP traded down $0.10 on Friday, reaching $542.00. The company’s stock had a trading volume of 535,306 shares, compared to its average volume of 496,815. The stock’s 50-day moving average is $551.39 and its two-hundred day moving average is $545.44. Roper Technologies has a 52-week low of $474.46 and a 52-week high of $579.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. The stock has a market capitalization of $58.10 billion, a P/E ratio of 40.14, a PEG ratio of 2.89 and a beta of 1.02.

Roper Technologies Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Robert W. Baird lifted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday. Oppenheimer reduced their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Jefferies Financial Group lifted their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada reduced their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Truist Financial reissued a “buy” rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research note on Thursday. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $620.80.

View Our Latest Research Report on Roper Technologies

About Roper Technologies

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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.

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