IDEX Co. (IEX) Expected to Post Earnings of $1.37 Per Share

Wall Street analysts expect that IDEX Co. (NYSE:IEX) will post $1.37 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for IDEX’s earnings, with the highest EPS estimate coming in at $1.42 and the lowest estimate coming in at $1.34. IDEX posted earnings per share of $1.29 during the same quarter last year, which indicates a positive year-over-year growth rate of 6.2%. The company is expected to issue its next earnings results on Monday, April 29th.

On average, analysts expect that IDEX will report full-year earnings of $5.73 per share for the current year, with EPS estimates ranging from $5.65 to $5.80. For the next fiscal year, analysts expect that the firm will post earnings of $6.13 per share, with EPS estimates ranging from $5.99 to $6.27. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover IDEX.

IDEX (NYSE:IEX) last issued its earnings results on Tuesday, January 29th. The industrial products company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.27 by $0.04. The company had revenue of $614.09 million during the quarter, compared to analysts’ expectations of $617.72 million. IDEX had a net margin of 16.53% and a return on equity of 20.83%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.12 EPS.

Several equities analysts have recently commented on IEX shares. Zacks Investment Research upgraded shares of IDEX from a “hold” rating to a “buy” rating and set a $152.00 target price for the company in a research report on Thursday, December 13th. Boenning Scattergood restated a “hold” rating on shares of IDEX in a research report on Wednesday, January 30th. UBS Group set a $142.00 target price on shares of IDEX and gave the company a “hold” rating in a research report on Friday, October 26th. Finally, Robert W. Baird dropped their target price on shares of IDEX from $145.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, October 25th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $145.70.

Several institutional investors have recently made changes to their positions in IEX. Quantamental Technologies LLC bought a new stake in IDEX during the 4th quarter worth approximately $25,000. Lindbrook Capital LLC bought a new stake in IDEX during the 4th quarter worth approximately $32,000. Essex Investment Management Co. LLC bought a new stake in IDEX during the 4th quarter worth approximately $33,000. Penserra Capital Management LLC bought a new stake in IDEX during the 4th quarter worth approximately $35,000. Finally, Oregon Public Employees Retirement Fund grew its holdings in IDEX by 10,176.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,856,591 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 4,809,330 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors.

Shares of NYSE:IEX opened at $140.02 on Monday. The company has a market capitalization of $10.74 billion, a PE ratio of 25.88, a PEG ratio of 2.38 and a beta of 1.27. The company has a quick ratio of 2.41, a current ratio of 3.00 and a debt-to-equity ratio of 0.43. IDEX has a 12 month low of $117.72 and a 12 month high of $157.84.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 30th. Investors of record on Tuesday, January 15th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Monday, January 14th. IDEX’s dividend payout ratio (DPR) is presently 31.79%.

IDEX Company Profile

IDEX Corporation, through its subsidiaries, operates as an applied solutions company 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, 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.

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Earnings History and Estimates for IDEX (NYSE:IEX)

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