On February 15, 2006, I posted Roper Industries (ROP) on Stock Picks Bob's Advice when the stock was trading at $42.31. ROP closed at $60.25 on August 3, 2007, for a gain of $17.94 or 42.4% since posting.
On July 26, 2007, Roper Industries reported 2nd quarter 2007 results . Second quarter sales came in at $531 million, up 25% over last year's $425 million in sales. Net earnings came in at $61.2 million up from $48.1 million last year. This worked out to $.66/diluted share, up from $.53/diluted share.
The company beat expectations as analysts had been expecting $.65/share in earnings on revenue of $513 million. The company also raised guidance on 2007 earnings results with $2.60 to $2.66/share now expected, up from the prior guidance of $2.54 to $2.64/share.
With this solid earnings report and raised guidance as well as a strong chart,
ROPER INDUSTRIES (ROP) IS RATED A BUY
$60.8 (08/06/07)
