Roper Technologies Inc (NASDAQ: ROP) has reported earnings for its first fiscal quarter (ending March 31) of $3.57 versus $2.67 for the same period a year ago — an increase of 34%. Relative to the consensus estimate of $4.66, this was a shortfall of $-1.09. For the latest four quarters through March 31, E.P.S. were $13.71 compared to $9.74 a year ago — an increase of 41%.
Recent Price Action
Roper Technologies Inc (NASDAQ: ROP) stock closed at $526.78 on 4/26/24 after a decline of -2.5%. Moreover, trading volume in this decline was unusually high at 164% of normal. The stock is unchanged during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ROP is expected to continue to be an important Value Builder.
Roper Technologies has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Roper Technologies has a neutral Appreciation Score of 47 and a slightly positive Power Rating of 62, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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