IDEX (IEX) Set to Announce Quarterly Earnings on Tuesday

IDEX (NYSE:IEX) will be releasing its earnings data after the market closes on Tuesday, April 23rd. Analysts expect IDEX to post earnings of $1.75 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

IDEX (NYSE:IEX) last released its earnings results on Tuesday, February 6th. The industrial products company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The business had revenue of $788.90 million for the quarter, compared to the consensus estimate of $767.96 million. IDEX had a return on equity of 18.56% and a net margin of 18.21%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the business earned $2.01 earnings per share. On average, analysts expect IDEX to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

IDEX Stock Down 1.0 %

Shares of IEX opened at $230.39 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.89 and a quick ratio of 2.05. The business’s 50 day simple moving average is $236.13 and its 200-day simple moving average is $215.58. IDEX has a one year low of $183.76 and a one year high of $246.36. The company has a market capitalization of $17.44 billion, a P/E ratio of 29.39, a PEG ratio of 2.32 and a beta of 0.97.

Analyst Upgrades and Downgrades

A number of analysts recently commented on IEX shares. Royal Bank of Canada restated an “outperform” rating and issued a $255.00 price objective on shares of IDEX in a research report on Thursday, March 21st. Stifel Nicolaus raised shares of IDEX from a “hold” rating to a “buy” rating and upped their target price for the company from $215.00 to $265.00 in a report on Thursday, February 8th. Finally, Citigroup raised their price objective on shares of IDEX from $254.00 to $277.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, IDEX has a consensus rating of “Moderate Buy” and a consensus price target of $238.00.

Institutional Investors Weigh In On IDEX

Large investors have recently modified their holdings of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in IDEX by 13.6% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,057 shares of the industrial products company’s stock valued at $2,183,000 after acquiring an additional 1,206 shares during the period. Oarsman Capital Inc. raised its holdings in IDEX by 30.3% in the fourth quarter. Oarsman Capital Inc. now owns 1,912 shares of the industrial products company’s stock worth $415,000 after buying an additional 445 shares during the last quarter. GSA Capital Partners LLP purchased a new position in IDEX in the fourth quarter worth about $1,189,000. Public Employees Retirement System of Ohio raised its holdings in IDEX by 2.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 31,671 shares of the industrial products company’s stock worth $6,876,000 after buying an additional 864 shares during the last quarter. Finally, GTS Securities LLC raised its holdings in IDEX by 41.8% in the fourth quarter. GTS Securities LLC now owns 1,549 shares of the industrial products company’s stock worth $336,000 after buying an additional 457 shares during the last quarter. Institutional investors own 97.96% of the company’s stock.

IDEX Company Profile

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.