IDEX (IEX) Set to Announce Earnings on Tuesday

IDEX (NYSE:IEXGet 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:IEXGet 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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a $0.69 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $2.76 annualized dividend and a dividend yield of 1.32%. IDEX’s dividend payout ratio is 36.32%.

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

(Get Free Report)

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.

See Also

Earnings History for IDEX (NYSE:IEX)

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