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April 28, 2014
11:36 EDTROPRoper Industries advances after beat and raise quarter
Shares of Roper Industries (ROP) are advancing after its first quarter results topped analysts' consensus estimates and it raised its fiscal 2014 outlook. Roper is a diversified technology company that operates in four segments: Medical and Scientific Imaging, Energy Systems, Industrial Technology and RF Technology. WHAT'S NEW: This morning, Roper Industries reported Q1 earnings per share of $1.46 and revenue of $834.1M, topping expectations of $1.35 and $828.22M, respectively. The company forecast Q2 EPS of $1.46-$1.51, versus consensus of $1.46. WHAT'S NOTABLE: Roper Industries raised its FY14 EPS view to $6.22-$6.36 from $6.05-$6.25, compared to consensus of $6.20. It also raised its FY14 revenue growth outlook to 5%-7% from 4%-7%, versus consensus of $3.51B. "Our businesses performed exceptionally well in the quarter, with record first quarter performance for orders, revenue, margins and cash flow," said Brian Jellison, Roper's Chairman, President and CEO. "This performance was broad-based, with all four operating segments increasing organic revenue at least 5%." Roper noted that it intends to deploy "much more" capital in the next 12 months than it did the prior year, though it does not have a timetable for its next capital deployment. PRICE ACTION: In late morning trading, Roper Industries rose $8.26, or 6.4%, to $137.56 on heavy trading volume. Including today's advance, the stock up over 11% over the past twelve months.
News For ROP From The Last 14 Days
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January 26, 2015
09:08 EDTROPRoper Industries says momentum has been positive and above expectations
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08:23 EDTROPRoper Industries sees FY15 organic revenue growth 3%-5%
Sees FY15 operating profit leverage to be greater than 40%. Sees foreign exchange rate to have a headwind of approximately 10c in 2015. Sees FY15 tax rate of 30%-31%. Sees FY15 operating cash flow of greater than $900M.
08:22 EDTROPRoper Industries expects 20% market decline in Upstream
Expects pump share gains mitigate declines in other upstream businesses. Expects field service and pipeline retrofits are up modestly with project activity weakness. Sees refinery instrumentation applications and field service growth in Downstream. Comments taken from slides for Q4 earnings conference call.
07:03 EDTROPRoper Industries expect to enter 2015 with positive momentum across businesses
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07:02 EDTROPRoper Industries sees Q1 diluted EPS $1.47-$1.53, consensus $1.51
07:02 EDTROPRoper Industries sees FY15 adjusted EPS $6.70-$6.94, consensus $6.79
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07:02 EDTROPRoper Industries reports Q4 adjusted EPS $1.85, consensus $1.79
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January 23, 2015
08:38 EDTROPRoper Industries acquires Strata Decision Technology
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January 22, 2015
10:03 EDTROPOn the Fly: Analyst Initiation Summary
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January 21, 2015
16:14 EDTROPRoper Industries initiated with a Buy at UBS
Target $185.

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