Zacks Research Issues Negative Estimate for IDEX Earnings

IDEX Co. (NYSE:IEX) – Analysts at Zacks Research reduced their Q4 2024 EPS estimates for IDEX in a note issued to investors on Tuesday, November 19th. Zacks Research analyst R. Department now anticipates that the industrial products company will post earnings of $2.02 per share for the quarter, down from their previous estimate of $2.05. 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 $1.98 EPS, Q2 2025 earnings at $2.22 EPS, Q3 2025 earnings at $2.08 EPS, Q4 2025 earnings at $2.14 EPS, FY2025 earnings at $8.41 EPS, Q2 2026 earnings at $2.38 EPS, Q3 2026 earnings at $2.20 EPS and FY2026 earnings at $9.18 EPS.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.01. The company had revenue of $798.20 million during the quarter, compared to analysts’ expectations of $793.05 million. IDEX had a return on equity of 15.92% and a net margin of 15.35%. IDEX’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $2.12 earnings per share.

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

IDEX Stock Up 2.2 %

Shares of IEX opened at $232.50 on Thursday. The company has a current ratio of 2.97, a quick ratio of 2.11 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average is $215.08 and its two-hundred day moving average is $207.96. The firm has a market cap of $17.60 billion, a P/E ratio of 35.99, a PEG ratio of 2.36 and a beta of 0.96. IDEX has a 12 month low of $189.51 and a 12 month high of $246.36.

IDEX Dividend Announcement

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

Institutional Investors Weigh In On IDEX

Hedge funds and other institutional investors have recently modified their holdings of the stock. Boston Trust Walden Corp grew its stake in IDEX by 3.3% in the 2nd quarter. Boston Trust Walden Corp now owns 223,892 shares of the industrial products company’s stock valued at $45,047,000 after acquiring an additional 7,222 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of IDEX by 247.0% in the second quarter. D. E. Shaw & Co. Inc. now owns 198,170 shares of the industrial products company’s stock valued at $39,872,000 after purchasing an additional 141,064 shares during the last quarter. Qsemble Capital Management LP purchased a new position in shares of IDEX during the 2nd quarter worth approximately $3,627,000. Marshall Wace LLP raised its position in shares of IDEX by 162.1% during the 2nd quarter. Marshall Wace LLP now owns 101,558 shares of the industrial products company’s stock worth $20,433,000 after purchasing an additional 62,803 shares during the last quarter. Finally, Swedbank AB purchased a new stake in IDEX in the 1st quarter valued at approximately $11,765,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

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.