IDEX (NYSE:IEX – Get Free Report) will be releasing its earnings data after the market closes on Tuesday, October 29th. Analysts expect IDEX to post earnings of $1.89 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
IDEX (NYSE:IEX – Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.02. IDEX had a return on equity of 16.87% and a net margin of 18.19%. The company had revenue of $807.20 million for the quarter, compared to the consensus estimate of $828.15 million. During the same period last year, the business posted $2.18 earnings per share. The firm’s revenue was down 4.6% compared to the same quarter last year. On average, analysts expect IDEX to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
IDEX Price Performance
Shares of NYSE:IEX opened at $209.32 on Tuesday. The company has a market cap of $15.84 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 2.20 and a beta of 0.95. The business has a 50 day moving average price of $204.81 and a 200 day moving average price of $209.20. The company has a quick ratio of 2.52, a current ratio of 3.41 and a debt-to-equity ratio of 0.36. IDEX has a twelve month low of $183.76 and a twelve month high of $246.36.
IDEX Dividend Announcement
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Robert W. Baird lowered their target price on shares of IDEX from $256.00 to $241.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Stifel Nicolaus upped their target price on shares of IDEX from $232.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. StockNews.com downgraded shares of IDEX from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. DA Davidson decreased their price objective 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. Finally, Argus cut shares of IDEX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.43.
View Our Latest Research Report on IEX
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.
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