Q4 2022 Earnings Estimate for IDEX Co. (NYSE:IEX) Issued By Oppenheimer

IDEX Co. (NYSE:IEXGet Rating) – Research analysts at Oppenheimer reduced their Q4 2022 earnings estimates for IDEX in a report issued on Wednesday, April 27th. Oppenheimer analyst B. Blair now expects that the industrial products company will post earnings of $1.88 per share for the quarter, down from their previous forecast of $1.94.

IDEX (NYSE:IEXGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The industrial products company reported $1.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.22. IDEX had a return on equity of 17.82% and a net margin of 16.26%. During the same period in the prior year, the company earned $1.51 EPS.

Other equities analysts also recently issued reports about the company. Cowen upgraded IDEX from a “market perform” rating to an “outperform” rating and set a $220.00 target price on the stock in a research report on Wednesday, March 9th. Zacks Investment Research upgraded IDEX from a “hold” rating to a “buy” rating and set a $213.00 target price on the stock in a research report on Friday, February 4th. Sanford C. Bernstein assumed coverage on IDEX in a research report on Monday, January 10th. They set a “market perform” rating and a $230.00 target price on the stock. StockNews.com upgraded IDEX from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Mizuho dropped their price target on IDEX from $233.00 to $205.00 in a research note on Thursday. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, IDEX currently has an average rating of “Buy” and a consensus price target of $232.00.

Shares of NYSE:IEX opened at $195.94 on Friday. The company has a quick ratio of 2.72, a current ratio of 3.50 and a debt-to-equity ratio of 0.42. IDEX has a 52-week low of $181.66 and a 52-week high of $240.33. The stock’s fifty day simple moving average is $192.94 and its 200-day simple moving average is $212.37. The company has a market capitalization of $14.91 billion, a P/E ratio of 33.32, a P/E/G ratio of 2.16 and a beta of 1.11.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in shares of IDEX by 3.7% in the 4th quarter. BlackRock Inc. now owns 6,060,157 shares of the industrial products company’s stock worth $1,432,137,000 after purchasing an additional 218,305 shares during the last quarter. Impax Asset Management Group plc raised its stake in IDEX by 9.0% during the 3rd quarter. Impax Asset Management Group plc now owns 3,235,347 shares of the industrial products company’s stock valued at $669,555,000 after acquiring an additional 266,327 shares in the last quarter. State Street Corp raised its stake in IDEX by 1.0% during the 4th quarter. State Street Corp now owns 3,151,743 shares of the industrial products company’s stock valued at $744,820,000 after acquiring an additional 31,231 shares in the last quarter. Brown Advisory Inc. raised its stake in IDEX by 3.1% during the 4th quarter. Brown Advisory Inc. now owns 2,400,493 shares of the industrial products company’s stock valued at $567,286,000 after acquiring an additional 71,757 shares in the last quarter. Finally, Capital World Investors raised its stake in IDEX by 0.5% during the 4th quarter. Capital World Investors now owns 1,837,178 shares of the industrial products company’s stock valued at $434,150,000 after acquiring an additional 9,529 shares in the last quarter. 97.35% of the stock is currently owned by institutional investors.

About IDEX (Get Rating)

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, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.

See Also

Earnings History and Estimates for IDEX (NYSE:IEX)

Receive News & Ratings for IDEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDEX and related companies with MarketBeat.com's FREE daily email newsletter.