IDEX (NYSE:IEX) Releases Q4 2024 Earnings Guidance

IDEX (NYSE:IEX) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 2.010-2.060 for the period, compared to the consensus earnings per share estimate of 2.030. The company issued revenue guidance of -. IDEX also updated its FY 2024 guidance to 7.850-7.900 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Oppenheimer cut their price objective on IDEX from $245.00 to $238.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. StockNews.com lowered IDEX from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Robert W. Baird dropped their target price on IDEX from $256.00 to $241.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. DA Davidson lowered their price target on IDEX from $220.00 to $210.00 and set a “neutral” rating on the stock in a research report on Monday, August 5th. Finally, Royal Bank of Canada lowered their price target on IDEX from $250.00 to $236.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Three equities research 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $239.43.

IDEX Stock Performance

IEX traded up $14.76 during trading on Wednesday, hitting $218.64. The stock had a trading volume of 1,345,294 shares, compared to its average volume of 463,813. The company has a 50 day moving average price of $206.51 and a 200-day moving average price of $207.70. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 28.62, a P/E/G ratio of 2.20 and a beta of 0.95. IDEX has a one year low of $183.76 and a one year high of $246.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.41 and a quick ratio of 2.52.

IDEX (NYSE:IEX) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.01. The business 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 16.87% and a net margin of 18.19%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $2.12 EPS. As a group, research analysts predict that IDEX will post 7.87 EPS for the current year.

IDEX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a $0.69 dividend. The ex-dividend date was Friday, October 11th. This represents a $2.76 annualized dividend and a yield of 1.26%. IDEX’s dividend payout ratio (DPR) is presently 36.13%.

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.