IDEX (IEX) Set to Announce Quarterly Earnings on Tuesday

IDEX (NYSE:IEX) will release 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. Investors that are interested in registering for the company’s conference call can do so using this link.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.02. IDEX had a net margin of 18.19% and a return on equity of 16.87%. The firm had revenue of $807.20 million during the quarter, compared to the consensus estimate of $828.15 million. During the same quarter last year, the firm earned $2.18 EPS. The firm’s revenue for the quarter 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 Trading Down 0.3 %

Shares of IEX stock opened at $202.82 on Friday. The company has a market cap of $15.35 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 2.20 and a beta of 0.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.41 and a quick ratio of 2.52. The stock’s 50 day simple moving average is $205.96 and its two-hundred day simple moving average is $208.24. IDEX has a 1 year low of $183.76 and a 1 year high of $246.36.

IDEX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a $0.69 dividend. The ex-dividend date was Friday, October 11th. This represents a $2.76 dividend on an annualized basis and a yield of 1.36%. IDEX’s dividend payout ratio is presently 36.13%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on IEX shares. TD Cowen reduced their target price on shares of IDEX from $240.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Robert W. Baird reduced their price objective on shares of IDEX from $256.00 to $241.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Royal Bank of Canada dropped their target price on IDEX from $250.00 to $236.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Oppenheimer cut their target price on IDEX from $245.00 to $238.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Finally, DA Davidson decreased their price target on IDEX from $220.00 to $210.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $239.43.

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.