Roper Posts Q3 EPS of $4.88 as Earnings Season Kicks Off
ROP sits 29% above its 52-week low of $305.96.
Summary
Roper reported third-quarter EPS of $4.88 in this initial wire flash, with adjusted EPS of $5.89 and net income of $484.7M. The headline carries the bottom-line number only — no revenue and no comparison to consensus, so the beat/miss picture isn't yet clear. The company guides fourth-quarter adjusted EPS to $5.95 to $6.00. Context matters here: the company lifted full-year outlook at Q2 in July and has been running a large buyback, which flatters per-share figures. Q2 also included an $829M non-cash gain from the Indicor stake ahead of a planned divestiture expected to bring roughly $1.3B in pre-tax cash.
At the time of this announcement, ROP was trading at $395.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $39.3B. The 52-week trading range was $305.96 to $519.10. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.