Zacks Research Has Pessimistic Outlook of IDEX Q4 Earnings

IDEX Co. (NYSE:IEX) – Equities research analysts at Zacks Research reduced their Q4 2024 earnings estimates for IDEX in a research note issued on Tuesday, November 19th. Zacks Research analyst R. Department now expects that the industrial products company will earn $2.02 per share for the quarter, down from their previous estimate of $2.05. The consensus estimate for IDEX’s current full-year earnings is $7.88 per share. Zacks Research also issued estimates for IDEX’s Q1 2025 earnings at $1.98 EPS, Q2 2025 earnings at $2.22 EPS, Q3 2025 earnings at $2.08 EPS, Q4 2025 earnings at $2.14 EPS, FY2025 earnings at $8.41 EPS, Q2 2026 earnings at $2.38 EPS, Q3 2026 earnings at $2.20 EPS and FY2026 earnings at $9.18 EPS.

A number of other research analysts also recently commented on the stock. Stifel Nicolaus upped their price objective on shares of IDEX from $232.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Argus downgraded shares of IDEX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Royal Bank of Canada boosted their price objective on shares of IDEX from $236.00 to $248.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Robert W. Baird cut their target price on IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, TD Cowen lowered their price target on IDEX from $240.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $241.14.

IDEX Stock Performance

NYSE IEX opened at $232.50 on Thursday. The company has a current ratio of 2.97, a quick ratio of 2.11 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $17.60 billion, a PE ratio of 35.99, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96. The business’s 50-day moving average price is $215.08 and its 200 day moving average price is $207.96. IDEX has a twelve month low of $189.51 and a twelve month high of $246.36.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. The company had revenue of $798.20 million for the quarter, compared to analyst estimates of $793.05 million. IDEX had a return on equity of 15.92% and a net margin of 15.35%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.12 EPS.

IDEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Friday, January 17th. IDEX’s dividend payout ratio (DPR) is presently 42.72%.

Institutional Trading of IDEX

Large investors have recently bought and sold shares of the company. Blair William & Co. IL increased its position in shares of IDEX by 6.3% during the first quarter. Blair William & Co. IL now owns 3,104 shares of the industrial products company’s stock worth $757,000 after acquiring an additional 183 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of IDEX by 33.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,752 shares of the industrial products company’s stock valued at $672,000 after buying an additional 689 shares during the last quarter. UniSuper Management Pty Ltd grew its position in shares of IDEX by 418.9% during the first quarter. UniSuper Management Pty Ltd now owns 4,795 shares of the industrial products company’s stock worth $1,170,000 after buying an additional 3,871 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of IDEX by 7.5% in the first quarter. Bessemer Group Inc. now owns 1,179 shares of the industrial products company’s stock worth $287,000 after buying an additional 82 shares during the last quarter. Finally, Lake Street Advisors Group LLC acquired a new stake in IDEX in the first quarter valued at $243,000. Institutional investors and hedge funds 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.