Zacks Research Issues Negative Estimate for IDEX Earnings

IDEX Co. (NYSE:IEX) – Stock analysts at Zacks Research lowered their Q1 2025 earnings per share estimates for shares of IDEX in a research note issued to investors on Tuesday, February 25th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings per share of $1.63 for the quarter, down from their prior forecast of $1.99. The consensus estimate for IDEX’s current full-year earnings is $8.26 per share. Zacks Research also issued estimates for IDEX’s FY2025 earnings at $8.20 EPS and FY2027 earnings at $9.84 EPS.

A number of other equities analysts have also commented on IEX. Royal Bank of Canada lowered their price objective on IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. DA Davidson decreased their price target on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Stifel Nicolaus lifted their price target on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Citigroup decreased their price target on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $241.71.

IDEX Price Performance

IDEX stock opened at $194.31 on Friday. The stock’s fifty day moving average price is $207.62 and its two-hundred day moving average price is $211.49. IDEX has a one year low of $189.51 and a one year high of $246.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85. The firm has a market cap of $14.73 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 1.98 and a beta of 0.97.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%.

Institutional Investors Weigh In On IDEX

Hedge funds have recently modified their holdings of the company. Banque de Luxembourg S.A. acquired a new stake in shares of IDEX during the 4th quarter valued at $27,000. Catalyst Capital Advisors LLC boosted its holdings in shares of IDEX by 73.8% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 59 shares in the last quarter. Assetmark Inc. acquired a new stake in shares of IDEX during the 3rd quarter valued at $39,000. Quarry LP acquired a new stake in shares of IDEX during the 4th quarter valued at $49,000. Finally, Brooklyn Investment Group acquired a new stake in shares of IDEX during the 3rd quarter valued at $86,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

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.