We have issued an updated research report on Roper Technologies, Inc. (ROP - Free Report) on Jan 3.
This machinery company currently carries a Zacks Rank #4 (Sell). Its market capitalization is approximately $27.6 billion.
Let’s delve deeper and discuss what led to the company’s poor investment appeal.
Share Price Performances, Poor Valuation & Earnings Estimate Revision: Market sentiments have been against Roper for quite some time now. Over the past month, the company’s stock price has lost 7% versus the industry’s decline of 7.5% and the S&P 500’s decrease of 6.9%.
The company’s stock appears overvalued compared with the industry. On a Price/Earnings (P/E) basis, the stock is currently trading at 23.6x, higher compared with the industry’s 16.4x.
In addition, the company’s earnings estimates have been lowered in the past three months. Currently, the Zacks Consensus Estimate is pegged at $12.20 for 2019, reflecting decline of 0.1% from the 60-day ago tally. Estimates for 2018 (results not yet released) have remained unchanged at $11.72.
Roper Technologies, Inc. Price and Consensus