Roper Technologies: Q3 Earnings Insights

Shares of Roper Technologies ROP were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share fell 3.65% year over year to $3.17, which beat the estimate of $3.04.

Revenue of $1,369,000,000 up by 0.81% year over year, which beat the estimate of $1,350,000,000.

Guidance

Roper Technologies hasn't issued any earnings guidance for the time being.

Roper Technologies hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 27, 2020

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/8qi3g9dm

Technicals

Company's 52-week high was at $455.72

Company's 52-week low was at $240.00

Price action over last quarter: down 4.41%

Company Description

Roper is a diversified technology company that operates out of four segments: application software; network software and systems; measurement and analytical solutions; and process technologies. The firm's culture emphasizes acquiring asset-light, cash-generative businesses. Roper then reinvests this excess cash in businesses that yield incrementally higher rates of return. While the firm's businesses are managed in a decentralized manner, Roper does not passively manage its portfolio. Instead, Roper manages its businesses through the Socratic method and empowers decision-makers through group executive coaching. Roper has now rotated a clear majority of its business from legacy industrial products into technology software in mature, niche markets with large quantities of deferred revenue.