NEW YORK (TheStreet) -- Roper Industries shares are experiencing volatility in trading on Monday following the release of the company's third quarter earnings results today. The company's stock has fluctuated between reaching all time highs and falling below its $152 opening price today with shares currently down 0.56% to $150.34. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. The radio frequency product manufacturer reported third quarter earnings of $1.54 per diluted share on an adjusted basis, one cent better than analysts were expecting for the period. The company also reported a 6% increase in revenue for the quarter, however the $885 million the company generatedafell short of analysts $888 million expectations.a The company also reported a 6.9% increase in gross profit to $525.4 million. TheStreet Ratings team rates ROPER INDUSTRIES INC/DE as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation: "We rate ROPER INDUSTRIES INC/DE (ROP) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value." Highlights from the analysis by TheStreet Ratings Team goes as follows: You can view the full analysis from the report here: ROP Ratings Report ROP data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Click to view a price quote on ROP. Click to research the Industrial industry.
from Latest TSC Headlines http://ift.tt/1oQnvLL
No comments:
Post a Comment