Analysts Issue Forecasts for IDEX’s Q4 Earnings (NYSE:IEX)

IDEX Co. (NYSE:IEX) – Equities researchers at Zacks Research raised their Q4 2024 earnings per share (EPS) estimates for shares of IDEX in a research report issued on Monday, November 25th. Zacks Research analyst R. Department now expects that the industrial products company will post earnings of $2.03 per share for the quarter, up from their prior forecast of $2.02. The consensus estimate for IDEX’s current full-year earnings is $7.88 per share. Zacks Research also issued estimates for IDEX’s Q1 2025 earnings at $1.99 EPS, Q4 2025 earnings at $2.20 EPS, FY2025 earnings at $8.43 EPS, Q1 2026 earnings at $2.22 EPS, Q3 2026 earnings at $2.25 EPS and FY2026 earnings at $9.23 EPS.

IDEX (NYSE:IEX) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.01. The firm had revenue of $798.20 million for the quarter, compared to analysts’ expectations of $793.05 million. IDEX had a net margin of 15.35% and a return on equity of 15.92%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.12 earnings per share.

Other analysts have also recently issued research reports about the stock. Oppenheimer cut their price target on shares of IDEX from $245.00 to $238.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Robert W. Baird reduced their price target on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. TD Cowen lowered their price objective on shares of IDEX from $240.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. DA Davidson reduced their target price on IDEX from $220.00 to $210.00 and set a “neutral” rating on the stock in a report on Monday, August 5th. Finally, Argus cut IDEX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.14.

IDEX Trading Down 0.4 %

NYSE IEX opened at $231.10 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.11 and a current ratio of 2.97. IDEX has a fifty-two week low of $189.51 and a fifty-two week high of $246.36. The stock has a market cap of $17.50 billion, a P/E ratio of 35.77, a price-to-earnings-growth ratio of 2.50 and a beta of 0.96. The stock has a 50 day simple moving average of $216.30 and a two-hundred day simple moving average of $207.90.

IDEX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Friday, January 17th. IDEX’s payout ratio is 42.72%.

Institutional Investors Weigh In On IDEX

Several hedge funds have recently added to or reduced their stakes in IEX. Tidal Investments LLC grew its position in IDEX by 8.8% during the 1st quarter. Tidal Investments LLC now owns 4,383 shares of the industrial products company’s stock valued at $1,070,000 after purchasing an additional 356 shares during the last quarter. Comerica Bank grew its holdings in shares of IDEX by 0.3% during the first quarter. Comerica Bank now owns 74,095 shares of the industrial products company’s stock valued at $18,081,000 after buying an additional 248 shares during the last quarter. Wahed Invest LLC increased its position in shares of IDEX by 14.9% during the first quarter. Wahed Invest LLC now owns 1,481 shares of the industrial products company’s stock valued at $361,000 after acquiring an additional 192 shares in the last quarter. Virtu Financial LLC purchased a new position in IDEX in the 1st quarter worth approximately $469,000. Finally, Swedbank AB bought a new position in IDEX in the 1st quarter valued at approximately $11,765,000. 97.96% of the stock is owned by institutional investors.

About IDEX

IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.