Zacks Research Has Bearish Estimate for IDEX Q4 Earnings

IDEX Co. (NYSE:IEX) – Zacks Research dropped their Q4 2024 EPS estimates for shares of IDEX in a report released 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 previous forecast 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 announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.01. IDEX had a net margin of 15.35% and a return on equity of 15.92%. The business had revenue of $798.20 million for the quarter, compared to analyst estimates of $793.05 million. During the same period last year, the business earned $2.12 EPS. The company’s revenue was up .6% on a year-over-year basis.

Other analysts also recently issued research reports about the stock. DA Davidson decreased their price objective on shares of IDEX from $220.00 to $210.00 and set a “neutral” rating on the stock in a report on Monday, August 5th. TD Cowen cut their target price on shares of IDEX from $240.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Stifel Nicolaus lifted their target price on shares of IDEX from $232.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Oppenheimer cut their target price on shares of IDEX from $245.00 to $238.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Finally, Robert W. Baird cut their target price on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $241.14.

IDEX Trading Up 2.0 %

NYSE IEX opened at $227.50 on Thursday. The firm has a market cap of $17.23 billion, a PE ratio of 35.22, a P/E/G ratio of 2.36 and a beta of 0.96. The firm’s fifty day moving average is $214.43 and its two-hundred day moving average is $207.89. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.11 and a current ratio of 2.97. IDEX has a one year low of $189.51 and a one year high of $246.36.

Institutional Investors Weigh In On IDEX

Several institutional investors have recently bought and sold shares of the business. Blair William & Co. IL grew its holdings in IDEX by 6.3% during the 1st quarter. Blair William & Co. IL now owns 3,104 shares of the industrial products company’s stock valued at $757,000 after purchasing an additional 183 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of IDEX by 33.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,752 shares of the industrial products company’s stock worth $672,000 after buying an additional 689 shares during the last quarter. UniSuper Management Pty Ltd lifted its position in shares of IDEX by 418.9% in 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. lifted 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 last quarter. Finally, Lake Street Advisors Group LLC bought a new position in shares of IDEX in the 1st quarter worth about $243,000. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

IDEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.76 annualized dividend and a yield of 1.21%. IDEX’s dividend payout ratio is currently 42.72%.

About IDEX

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.