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Roper Technologies (ROP) Beats on Q4 Earnings & Revenues
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Headquartered in Sarasota, Florida, Roper Technologies, Inc. (ROP - Free Report) designs, manufactures and distributes medical and scientific imaging products and software, radio frequency (RF) products, services and application software, industrial technology products and energy systems and controls products and solutions.
Roper Technologies caters to selected segments of a broad range of markets, which include oil & gas, scientific research, medical diagnostics, semiconductor, refrigeration, automotive, water & wastewater, power generation, agricultural irrigation and other niche industries.
However, the company is significantly exposed to cyclical slowdown in markets like Energy and Industrial. Sluggish macroeconomic growth is a concern for the company, as it lowers infrastructure spending, which negatively impacts Roper’s overall growth.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Roper reported adjusted earnings of $2.70 per share, which beat the Zacks Consensus Estimate of $2.61.
Revenues: Adjusted revenues increased 21% to $1.24 billion much better than the Zacks Consensus Estimate of $1.23 billion. Organic revenues grew 5%, while acquisitions/divestitures contributed 15%.
Key Stats: Adjusted gross margin expanded 30 basis points (bps) to 62.6% in the quarter.
Stock Price: Shares prices did not show any movement in the pre-market trading session.
Check back later for our full write up on this ROP earnings report later!
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
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Roper Technologies (ROP) Beats on Q4 Earnings & Revenues
Headquartered in Sarasota, Florida, Roper Technologies, Inc. (ROP - Free Report) designs, manufactures and distributes medical and scientific imaging products and software, radio frequency (RF) products, services and application software, industrial technology products and energy systems and controls products and solutions.
Roper Technologies caters to selected segments of a broad range of markets, which include oil & gas, scientific research, medical diagnostics, semiconductor, refrigeration, automotive, water & wastewater, power generation, agricultural irrigation and other niche industries.
However, the company is significantly exposed to cyclical slowdown in markets like Energy and Industrial. Sluggish macroeconomic growth is a concern for the company, as it lowers infrastructure spending, which negatively impacts Roper’s overall growth.
Zacks Rank: Currently, Roper Technologies has a Zacks Rank #2 (Buy) but that could change following its fourth-quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Roper reported adjusted earnings of $2.70 per share, which beat the Zacks Consensus Estimate of $2.61.
Revenues: Adjusted revenues increased 21% to $1.24 billion much better than the Zacks Consensus Estimate of $1.23 billion. Organic revenues grew 5%, while acquisitions/divestitures contributed 15%.
Key Stats: Adjusted gross margin expanded 30 basis points (bps) to 62.6% in the quarter.
Stock Price: Shares prices did not show any movement in the pre-market trading session.
Roper Technologies, Inc. Price
Roper Technologies, Inc. Price | Roper Technologies, Inc. Quote
Check back later for our full write up on this ROP earnings report later!
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>