What is Zacks Research’s Estimate for ROP FY2024 Earnings?

Roper Technologies, Inc. (NYSE:ROP) – Analysts at Zacks Research lifted their FY2024 earnings per share estimates for shares of Roper Technologies in a note issued to investors on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings of $18.21 per share for the year, up from their previous estimate of $18.12. The consensus estimate for Roper Technologies’ current full-year earnings is $18.24 per share. Zacks Research also issued estimates for Roper Technologies’ Q4 2024 earnings at $4.70 EPS, Q3 2025 earnings at $4.89 EPS, Q4 2025 earnings at $4.98 EPS, FY2025 earnings at $19.36 EPS, Q1 2026 earnings at $4.78 EPS, Q2 2026 earnings at $4.84 EPS, Q3 2026 earnings at $4.88 EPS and FY2026 earnings at $19.53 EPS.

A number of other brokerages have also issued reports on ROP. Jefferies Financial Group increased their price target on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Truist Financial restated a “buy” rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Robert W. Baird upped their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Oppenheimer reduced their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Finally, Royal Bank of Canada decreased their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $620.80.

Roper Technologies Stock Down 2.9 %

NYSE:ROP opened at $548.23 on Friday. Roper Technologies has a 52 week low of $508.22 and a 52 week high of $579.10. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average of $552.39 and a 200-day moving average of $547.70. The firm has a market capitalization of $58.79 billion, a PE ratio of 40.10, a price-to-earnings-growth ratio of 2.98 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the company earned $4.32 earnings per share. Roper Technologies’s revenue for the quarter was up 11.7% on a year-over-year basis.

Institutional Trading of Roper Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ORG Partners LLC increased its position in shares of Roper Technologies by 764.2% during the 2nd quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock valued at $652,000 after purchasing an additional 1,024 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Roper Technologies by 1.0% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company’s stock valued at $136,455,000 after buying an additional 2,399 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Roper Technologies by 5.6% in the first quarter. Sei Investments Co. now owns 29,414 shares of the industrial products company’s stock valued at $16,495,000 after purchasing an additional 1,553 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of Roper Technologies by 12.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 9,035 shares of the industrial products company’s stock worth $5,067,000 after buying an additional 988 shares in the last quarter. Finally, PGGM Investments increased its position in Roper Technologies by 739.4% during the 2nd quarter. PGGM Investments now owns 72,596 shares of the industrial products company’s stock valued at $40,919,000 after purchasing an additional 63,947 shares during the period. Institutional investors own 93.31% of the company’s stock.

Insiders Place Their Bets

In related news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. This represents a 2.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a $0.825 dividend. The ex-dividend date is Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 0.60%. Roper Technologies’s payout ratio is 24.14%.

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.