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

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

Roper Technologies Stock Performance

ROP stock traded up $3.31 during midday trading on Friday, hitting $545.41. The company’s stock had a trading volume of 37,165 shares, compared to its average volume of 494,408. Roper Technologies has a 1 year low of $474.46 and a 1 year high of $579.10. The stock has a market cap of $58.47 billion, a price-to-earnings ratio of 40.16, a PEG ratio of 2.89 and a beta of 1.02. The stock’s 50-day moving average price is $551.48 and its 200 day moving average price is $545.46. 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Royal Bank of Canada decreased their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday. Oppenheimer cut their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Robert W. Baird boosted their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Mizuho lifted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Roper Technologies presently 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.