Zacks Research Has Bearish Estimate for IDEX Q4 Earnings

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

Several other research firms have also commented on IEX. Robert W. Baird dropped their price target on IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Royal Bank of Canada boosted their target price on IDEX from $236.00 to $248.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Oppenheimer lowered their price target on IDEX from $245.00 to $238.00 and set an “outperform” rating for the company in a report on Monday, August 5th. TD Cowen lowered their price target on IDEX from $240.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, DA Davidson lowered their price target on IDEX from $220.00 to $210.00 and set a “neutral” rating for the company in a report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, IDEX has an average rating of “Moderate Buy” and an average target price of $241.14.

IDEX Trading Up 2.0 %

IEX opened at $227.50 on Thursday. The firm has a market cap of $17.23 billion, a P/E ratio of 35.22, a P/E/G ratio of 2.36 and a beta of 0.96. IDEX has a 12 month low of $189.51 and a 12 month high of $246.36. The company has a current ratio of 2.97, a quick ratio of 2.11 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average of $214.43 and a 200 day moving average of $207.89.

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

IDEX Dividend Announcement

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

Institutional Investors Weigh In On IDEX

Several hedge funds have recently modified their holdings of IEX. Blair William & Co. IL raised its position in shares of IDEX by 6.3% during the 1st quarter. Blair William & Co. IL now owns 3,104 shares of the industrial products company’s stock worth $757,000 after purchasing an additional 183 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in 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 valued at $672,000 after acquiring an additional 689 shares during the last quarter. UniSuper Management Pty Ltd raised its holdings in IDEX by 418.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 4,795 shares of the industrial products company’s stock valued at $1,170,000 after acquiring an additional 3,871 shares during the last quarter. Bessemer Group Inc. raised its holdings in IDEX by 7.5% in the 1st quarter. Bessemer Group Inc. now owns 1,179 shares of the industrial products company’s stock valued at $287,000 after acquiring an additional 82 shares during the last quarter. Finally, Lake Street Advisors Group LLC acquired a new stake in IDEX in the 1st quarter valued at about $243,000. 97.96% of the stock is owned by hedge funds and other institutional investors.

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.