Equities Analysts Offer Predictions for IDEX Q4 Earnings

IDEX Co. (NYSE:IEX) – Investment analysts at Zacks Research lowered their Q4 2024 earnings estimates for IDEX in a research note issued on Tuesday, November 19th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings per share of $2.02 for the quarter, down from their prior 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.

IDEX (NYSE:IEX) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.01. The firm had revenue of $798.20 million during the quarter, compared to the consensus estimate of $793.05 million. IDEX had a return on equity of 15.92% and a net margin of 15.35%. IDEX’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the business posted $2.12 EPS.

Several other research firms also recently weighed in on IEX. Argus downgraded shares of IDEX from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. Stifel Nicolaus lifted their price objective on IDEX from $232.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. TD Cowen lowered their target price on IDEX from $240.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Robert W. Baird cut their price target on IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, Oppenheimer decreased their price objective on IDEX from $245.00 to $238.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $241.14.

IDEX Trading Down 0.2 %

Shares of IEX stock opened at $223.11 on Thursday. IDEX has a fifty-two week low of $189.51 and a fifty-two week high of $246.36. The company has a quick ratio of 2.11, a current ratio of 2.97 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $213.84 and a 200-day simple moving average of $207.76. The stock has a market cap of $16.89 billion, a P/E ratio of 34.54, a P/E/G ratio of 2.36 and a beta of 0.96.

IDEX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.69 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.76 annualized dividend and a yield of 1.24%. IDEX’s payout ratio is currently 42.72%.

Institutional Trading of IDEX

Hedge funds have recently added to or reduced their stakes in the business. Blair William & Co. IL boosted its position in shares of IDEX by 6.3% in 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 grew 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 period. UniSuper Management Pty Ltd increased its holdings in shares of IDEX by 418.9% during the 1st 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 during the last quarter. Bessemer Group Inc. raised its position in shares of IDEX by 7.5% in the 1st 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 period. Finally, Lake Street Advisors Group LLC purchased a new stake in IDEX during the first quarter valued at about $243,000. 97.96% of the stock is owned by institutional investors and hedge funds.

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.