Roper Industries (ROP) Offering Possible 17.3% Return Over the Next 15 Calendar Days

Roper Industries's most recent trend suggests a bullish bias. One trading opportunity on Roper Industries is a Bull Put Spread using a strike $440.00 short put and a strike $420.00 long put offers a potential 17.3% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $440.00 by expiration. The full premium credit of $2.95 would be kept by the premium seller. The risk of $17.05 would be incurred if the stock dropped below the $420.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Roper Industries is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Roper Industries is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Roper Industries

Roper Technologies Inc (ROP) Q1 2021 Earnings Call Transcript
Tue, 27 Apr 2021 18:30:39 +0000
The Roper Technologies First Quarter 2021 Financial Results Conference Call will now begin. Good morning, and thank you all for joining us as we discuss the first quarter financial results for Roper Technologies. Joining me on the call this morning are Neil Hunn, President and Chief Executive Officer; Rob Crisci, Executive Vice President and Chief Financial Officer; Jason Conley, Vice President and Chief Accounting Officer; and Shannon O'Callaghan, Vice President of Finance.

Roper's (ROP) Q1 Earnings and Revenues Surpass Estimates
Tue, 27 Apr 2021 14:05:02 +0000
Roper's (ROP) first-quarter 2021 net revenues increase 13.2% year over year on account of impressive performance across most of its segments.

Roper Technologies (ROP) Q1 Earnings and Revenues Top Estimates
Tue, 27 Apr 2021 11:30:11 +0000
Roper Technologies (ROP) delivered earnings and revenue surprises of 8.43% and 1.31%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Roper Technologies Announces Record First Quarter Results and Increases Full Year Guidance
Tue, 27 Apr 2021 10:00:00 +0000
SARASOTA, Fla., April 27, 2021 (GLOBE NEWSWIRE) — Roper Technologies, Inc. (NYSE: ROP), a leading diversified technology company, reported financial results for the first quarter ended March 31, 2021. First quarter GAAP and adjusted revenue increased 13% to $1.53 billion, while organic revenue decreased 1% (compared to 4% growth in the first quarter of 2020). GAAP and adjusted gross margin were 65.0%, expanding 160 basis points and 150 basis points, respectively. GAAP diluted earnings per share (“DEPS”) was $2.73, a 20% increase, and adjusted DEPS was $3.60, an 18% increase. EBITDA increased 20% to $561 million and EBITDA margin expanded 220 basis points to 36.7%. Operating cash flow increased 54% to $560 million, representing 37% of revenue, and free cash flow increased 54% to $543 million. “We are very pleased with the strong performance by our businesses in the first quarter,” said Neil Hunn, Roper’s President and CEO. “We grew revenue, EBITDA, DEPS, and cash flow double-digits. Our 2020 software acquisitions, led by Vertafore, continue to perform very well. We also reduced our debt by approximately $500 million in the quarter, once again demonstrating our ability to quickly de-lever after acquisitions.” “The quality of our enterprise continues to improve as we see meaningful growth in our recurring revenue base,” said Mr. Hunn. “We are also encouraged by signs of recovery across end-markets that were impacted by the pandemic. As a result, we are very well positioned for continued double-digit compounding.” Increasing 2021 Guidance The Company now expects full year adjusted DEPS of $14.75 – $15.00, compared to previous guidance of $14.35 – $14.75. For the second quarter of 2021, the Company expects adjusted DEPS of $3.61 – $3.65. The Company’s guidance excludes the impact of unannounced future acquisitions or divestitures. Conference Call to be Held at 7:30 AM (ET) Today A conference call to discuss these results has been scheduled for 7:30 AM ET on Tuesday, April 27, 2021. The call can be accessed via webcast or by dialing +1 844-750-4898 (US/Canada) or +1 412-317-5294 and referencing Roper Technologies. Webcast information and conference call materials will be made available in the Investors section of Roper’s website (www.ropertech.com) prior to the start of the call. The webcast can also be accessed directly by using the following URL https://event.webcast. Telephonic replays will be available for up to two weeks and can be accessed by dialing +1 412-317-0088 with access code 10154556. Use of Non-GAAP Financial Information The Company supplements its consolidated financial statements presented on a GAAP basis with certain non-GAAP financial information to provide investors with greater insight, increase transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision-making. Reconciliation of non-GAAP measures to their most directly comparable GAAP measures are included in the accompanying financial schedules or tables. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP, and the financial results prepared in accordance with GAAP and reconciliations from these results should be carefully evaluated. Table 1: Adjusted Revenue, Gross Profit and EBITDA Reconciliation ($M) Q1 2020 Q1 2021 V %Adjusted Revenue Reconciliation GAAP Revenue$1,351 $1,529 13 %Purchase accounting adjustment to acquired deferred revenue2 1 A Adjusted Revenue$1,353 $1,530 13 % Components of Adjusted Revenue Growth Organic (1)%Acquisitions/Divestitures 12 %Foreign Exchange 1 %Rounding 1 %Total Adjusted Revenue Growth 13 % Adjusted Gross Profit Reconciliation GAAP Gross Profit$857 $994 Purchase accounting adjustment to acquired deferred revenue2 1 A Adjusted Gross Profit$859 $995 16 % GAAP Gross Margin63.4% 65.0 % +160 bpsAdjusted Gross Margin63.5% 65.0 % +150 bps Adjusted EBITDA Reconciliation GAAP Net Earnings$240 $289 Taxes64 78 Interest Expense45 61 Depreciation13 15 Amortization102 147 EBITDA$465 $589 27 % Purchase accounting adjustment to acquired deferred revenue and commission expense2 — A Gain on sale related to minority investment in Sedaru— (28) Adjusted EBITDA$467 $561 20 %% of Adjusted Revenue34.5% 36.7 % +220 bps Table 2: Adjusted DEPS Reconciliation B Q1 2020 Q1 2021 V %GAAP DEPS$2.28 $2.73 20 %Purchase accounting adjustment to acquired deferred revenue and commission expense0.02 — A Amortization of acquisition-related intangible assets C0.75 1.08 Gain on sale related to minority investment in Sedaru— (0.21) Adjusted DEPS$3.05 $3.60 18 % Table 3: Free Cash Flow Reconciliation ($M) Q1 2020 Q1 2021 V %Operating Cash Flow$364 $560 54 %Capital Expenditures(8) (9) Capitalized Software Expenditures(3) (7) Free Cash Flow$353 $543 54 % Table 4: Forecasted Adjusted DEPS Reconciliation B Q2 2021 FY 2021 Low End High End Low End High EndGAAP DEPS$2.54 $2.58 $10.70 $10.95 Purchase accounting adjustment to acquired deferred revenue and commission expense A(0.01) (0.01) (0.04) (0.04) Amortization of acquisition-related intangible assets C1.08 1.08 4.30 4.30 Gain on sale related to minority investment in Sedaru— — (0.21) (0.21) Adjusted DEPS$3.61 $3.65 $14.75 $15.00 A.2021 actual results and forecast of estimated acquisition-related fair value adjustments to deferred revenue and commission expense related to the acquisition of Vertafore as shown below ($M except per share data). Q1 2020A Q1 2021A Q2 2021E FY 2021E Pretax$2 $— $(1) $(5) After-tax$2 $— $(1) $(4) Per Share$0.02 $— $(0.01) $(0.04) B.All 2020 and 2021 adjustments taxed at 21%. C.Actual results and forecast of estimated amortization of acquisition-related intangible assets as shown below ($M, except per share data). Q1 2020A Q1 2021A Q2 2021E FY 2021E Pretax$101 $145 $145 $578 After-tax$79 $115 $114 $457 Per share$0.75 $1.08 $1.08 $4.30 Note: Numbers may not foot due to rounding. About Roper Technologies Roper Technologies is a constituent of the S&P 500, Fortune 1000, and the Russell 1000 indices. Roper operates businesses that design and develop software (both license and software-as-a-service) and engineered products and solutions for a variety of niche end markets. Additional information about Roper is available on the Company’s website at www.ropertech.com. The information provided in this press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements may include, among others, statements regarding operating results, the success of our internal operating plans, and the prospects for newly acquired businesses to be integrated and contribute to future growth, profit and cash flow expectations. Forward-looking statements may be indicated by words or phrases such as “anticipate,” “estimate,” “plans,” “expects,” “projects,” “should,” “will,” “believes,” “intends” and similar words and phrases. These statements reflect management's current beliefs and are not guarantees of future performance. They involve risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statement. Such risks and uncertainties include the effects of the COVID-19 pandemic on our business, operations, financial results and liquidity, including the duration and magnitude of such effects, which will depend on numerous evolving factors which we cannot accurately predict or assess, including: the duration and scope of the pandemic; the negative impact on global and regional markets, economies and economic activity; actions governments, businesses and individuals take in response to the pandemic; the effects of the pandemic, including all of the foregoing, on our customers, suppliers, and business partners, and how quickly economies and demand for our products and services recover after the pandemic subsides. Such risks and uncertainties also include our ability to identify and complete acquisitions consistent with our business strategies, integrate acquisitions that have been completed, realize expected benefits and synergies from, and manage other risks associated with, the newly acquired businesses. We also face other general risks, including our ability to realize cost savings from our operating initiatives, general economic conditions and the conditions of the specific markets in which we operate, changes in foreign exchange rates, difficulties associated with exports, risks associated with our international operations, cybersecurity and data privacy risks, including litigation resulting therefrom, risks related to political instability, armed hostilities, incidents of terrorism, public health crises (such as the COVID-19 pandemic) or natural disasters, increased product liability and insurance costs, increased warranty exposure, future competition, changes in the supply of, or price for, parts and components, environmental compliance costs and liabilities, risks and cost associated with litigation, including asbestos related litigation, potential write-offs of our substantial intangible assets, and risks associated with obtaining governmental approvals and maintaining regulatory compliance for new and existing products. Important risks may be discussed in current and subsequent filings with the SEC. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Roper Technologies, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (unaudited) (Amounts in millions) March 31, 2021 December 31, 2020ASSETS: Cash and cash equivalents$331.0 $308.3 Accounts receivable, net792.0 863.0 Inventories, net206.0 198.4 Income taxes receivable13.2 21.9 Unbilled receivables268.0 241.7 Other current assets129.2 119.0 Total current assets1,739.4 1,752.3 Property, plant and equipment, net134.6 140.6 Goodwill14,405.3 14,395.2 Other intangible assets, net7,066.8 7,206.9 Deferred taxes102.3 104.0 Other assets422.7 425.8 Total assets$23,871.1 $24,024.8 LIABILITIES AND STOCKHOLDERS' EQUITY: Accounts payable$190.9 $177.8 Accrued compensation234.0 286.1 Deferred revenue1,023.4 994.6 Other accrued liabilities448.5 457.0 Income taxes payable64.0 26.9 Current portion of long-term debt, net502.1 502.0 Total current liabilities2,462.9 2,444.4 Long-term debt, net of current portion8,571.8 9,064.5 Deferred taxes1,571.6 1,562.5 Other liabilities499.1 473.6 Total liabilities13,105.4 13,545.0 Common stock1.1 1.1 Additional paid-in capital2,138.9 2,097.5 Retained earnings8,776.0 8,546.2 Accumulated other comprehensive loss(132.4) (147.0) Treasury stock(17.9) (18.0) Total stockholders' equity10,765.7 10,479.8 Total liabilities and stockholders' equity$23,871.1 $24,024.8 Roper Technologies, Inc. and Subsidiaries Condensed Consolidated Statements of Earnings (unaudited)(Amounts in millions, except per share data) Three months ended March 31, 2021 2020Net revenues$1,528.6 $1,350.7 Cost of sales534.8 493.9 Gross profit993.8 856.8 Selling, general and administrative expenses593.3 507.6 Income from operations400.5 349.2 Interest expense, net60.6 45.4 Other income (expense), net27.0 0.8 Earnings before income taxes366.9 304.6 Income taxes77.9 64.3 Net earnings$289.0 $240.3 Net earnings per share: Basic$2.75 $2.30 Diluted$2.73 $2.28 Weighted average common shares outstanding: Basic105.0 104.3 Diluted106.0 105.3 Roper Technologies, Inc. and SubsidiariesSelected Segment Financial Data (unaudited)(Amounts in millions; percentages of net revenues) Three Months Ended March 31, 2021 2020 Amount % Amount %Net revenues: Application Software$576.6 $405.1 Network Software & Systems440.2 438.2 Measurement & Analytical Solutions381.0 365.2 Process Technologies130.8 142.2 Total$1,528.6 $1,350.7 Gross profit: Application Software$398.7 69.1 % $270.4 66.7 %Network Software & Systems299.4 68.0 % 293.2 66.9 %Measurement & Analytical Solutions224.7 59.0 % 214.6 58.8 %Process Technologies71.0 54.3 % 78.6 55.3 %Total$993.8 65.0 % $856.8 63.4 % Operating profit*: Application Software$153.7 26.7 % $97.6 24.1 %Network Software & Systems135.5 30.8 % 138.7 31.7 %Measurement & Analytical Solutions124.1 32.6 % 114.0 31.2 %Process Technologies38.3 29.3 % 43.3 30.5 %Total$451.6 29.5 % $393.6 29.1 % *Segment operating profit is before unallocated corporate general and administrative expenses. These expenses were $51.1 and $44.4 for the three months ended March 31, 2021 and 2020, respectively. Roper Technologies, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (unaudited)(Amounts in millions) Three months ended March 31, 2021 2020Cash flows from operating activities: Net earnings$289.0 $240.3 Adjustments to reconcile net earnings to cash flows from operating activities: Depreciation and amortization of property, plant and equipment14.7 12.8 Amortization of intangible assets146.6 101.8 Amortization of deferred financing costs3.4 2.1 Non-cash stock compensation32.9 27.7 Gain on sale of assets, net of tax(21.6) — Income tax provision, excluding tax associated with gain on sale of assets 72.4 64.3 Changes in operating assets and liabilities, net of acquired businesses: Accounts receivable70.3 69.1 Unbilled receivables(22.2) (43.1) Inventories(8.2) (10.3) Accounts payable and accrued liabilities(46.4) (70.2) Deferred revenue60.5 3.6 Cash income taxes paid(17.8) (24.1) Other, net(14.0) (10.1) Cash provided by operating activities559.6 363.9 Cash flows from (used in) investing activities: Acquisitions of businesses, net of cash acquired— (2.8) Capital expenditures(9.1) (7.9) Capitalized software expenditures(7.2) (2.6) Proceeds from (used in) disposal of businesses(0.1) (3.7) Proceeds from sale of assets27.1 — Cash from (used in) investing activities10.7 (17.0) Cash flows from (used in) financing activities: Borrowings (payments) under revolving line of credit, net(495.0) — Cash dividends to stockholders(58.8) (53.1) Proceeds from stock-based compensation, net4.4 12.1 Treasury stock sales4.7 2.8 Other(0.5) (0.5) Cash flows used in financing activities(545.2) (38.7) Effect of foreign currency exchange rate changes on cash(2.4) (18.1) Net increase in cash and cash equivalents22.7 290.1 Cash and cash equivalents, beginning of period308.3 709.7 Cash and cash equivalents, end of period$331.0 $999.8 Contact Information: Investor Relations941-556-2601 investor-relations@ropertech.com

Roper (ROP) to Report Q1 Earnings: What's in the Cards?
Fri, 23 Apr 2021 10:59:10 +0000
Roper's (ROP) first-quarter 2021 earnings are expected to have benefited from a solid demand environment and strong application software segment, driven by an effective capital deployment strategy.

Related Posts

 

MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.


This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.


The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.


The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.