Roper Industries
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Roper Industries met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew.
Margins expanded across the board.
Revenue details
Roper Industries booked revenue of $747.6 million. The three analysts polled by S&P Capital IQ expected to see sales of $755.1 million on the same basis. GAAP reported sales were 4.9% higher than the prior-year quarter's $712.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $1.24. The nine earnings estimates compiled by S&P Capital IQ predicted $1.23 per share. GAAP EPS of $1.17 for Q3 were 4.5% higher than the prior-year quarter's $1.12 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 55.7%, 200 basis points better than the prior-year quarter. Operating margin was 24.5%, 100 basis points better than the prior-year quarter. Net margin was 15.6%, 10 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $832.1 million. On the bottom line, the average EPS estimate is $1.43.
Next year's average estimate for revenue is $3.04 billion. The average EPS estimate is $4.91.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 119 members out of 129 rating the stock outperform, and 10 members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 37 give Roper Industries a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Roper Industries is hold, with an average price target of $109.38.
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