IDEX (IEX) Expected to Announce Earnings on Tuesday

IDEX (NYSE:IEX) is anticipated to announce its earnings results after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $2.03 per share and revenue of $866.07 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

IDEX Price Performance

Shares of NYSE IEX opened at $224.19 on Friday. IDEX has a twelve month low of $189.51 and a twelve month high of $246.36. The company has a quick ratio of 2.11, a current ratio of 2.97 and a debt-to-equity ratio of 0.54. The firm has a fifty day simple moving average of $218.90 and a 200 day simple moving average of $211.89. The company has a market capitalization of $16.98 billion, a PE ratio of 34.70, a P/E/G ratio of 2.15 and a beta of 0.97.

IDEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a $0.69 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.76 dividend on an annualized basis and a yield of 1.23%. IDEX’s dividend payout ratio (DPR) is presently 42.72%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Citigroup lowered their price objective on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Stifel Nicolaus raised their target price on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Royal Bank of Canada lifted their target price on shares of IDEX from $248.00 to $258.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Robert W. Baird cut their price target on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, IDEX has a consensus rating of “Moderate Buy” and an average price target of $242.86.

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.