IDEX (NYSE:IEX) Announces Quarterly Earnings Results

IDEX (NYSE:IEX) issued its quarterly earnings data on Tuesday. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.01, Zacks reports. IDEX had a return on equity of 15.92% and a net margin of 15.35%. IDEX updated its FY 2025 guidance to 8.100-8.450 EPS and its Q1 2025 guidance to 1.600-1.650 EPS.

IDEX Trading Up 1.3 %

Shares of NYSE:IEX traded up $2.62 during mid-day trading on Thursday, hitting $200.20. The company had a trading volume of 160,017 shares, compared to its average volume of 469,663. The company has a market capitalization of $15.16 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 2.21 and a beta of 0.97. IDEX has a one year low of $189.51 and a one year high of $246.36. The firm has a fifty day moving average price of $217.63 and a 200 day moving average price of $212.00. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.97 and a quick ratio of 2.11.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, January 17th. IDEX’s payout ratio is 42.72%.

Wall Street Analyst Weigh In

A number of research analysts have commented on IEX shares. Robert W. Baird lowered their price objective on IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Royal Bank of Canada upped their price objective on shares of IDEX from $248.00 to $258.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Citigroup decreased their target price on shares of IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Stifel Nicolaus upped their price target on shares of IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $242.86.

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.