logo
  

Roper Technologies Sees Q4 Adj. Earnings Below Market View; Updates FY21 Forecast - Quick Facts

While announcing higher third-quarter results, diversified technology company Roper Technologies, Inc. (ROP) said Friday that it expects fourth-quarter adjusted earnings per share from continuing operations of $3.62 to $3.66.

On average, 11 analysts polled by Thomson Reuters expect earnings of $3.96 per share for the quarter. Analysts' estimates typically exclude special items.

Further, the company now expects expects fiscal 2021 adjusted earnings per share from continuing operations of $14.08 to $14.12. On a comparable basis, new guidance would be $15.26 - $15.30.

The previous full-year outlook was adjusted earnings per share of $15.00 - $15.20, including the businesses now reported in discontinued operations.

Analysts expect earnings of $15.2 per share for the full year.

Neil Hunn, Roper Technologies' President and CEO, said, "Over the past several months, we announced three strategic divestitures that will accelerate the transformation of our portfolio. We anticipate redeploying the net proceeds from these transactions toward our robust pipeline of high-quality acquisition opportunities, enabling us to further enhance the quality of the enterprise."

In pre-market activity on the NYSE, Roper shares were losing around 1.4 percent to trade at $474.68.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Ontario, Canada-based Erie Meat Products Ltd. is recalling approximately 1,224 pounds of fully cooked chicken bologna products, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The chicken bologna products were imported and distributed into the United States without the benefit of FSIS import reinspection. The U. S. Food and Drug Administration or FDA has issued a public health alert against Fulvic Care Powder and Tablets from Ontario, Canada -based Black Oxygen Organics due to elevated levels of lead and arsenic. The agency advised consumers not to use Fulvic Care Powder and Tablets from Black Oxygen or give the products to pets due to elevated levels of lead and arsenic. Alexander & Hornung, a business unit of Perdue Premium Meat Co., Inc., is recalling around 234,391 pounds of fully cooked pork products citing possible contamination with Listeria monocytogenes, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The recall involves ham and pepperoni products that come under various brands and produced on various dates.
Follow RTT