IDEX (NYSE:IEX – Get Free Report) is scheduled to release its earnings data after the market closes on Tuesday, April 23rd. Analysts expect IDEX to post earnings of $1.75 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
IDEX (NYSE:IEX – Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.78 by $0.05. The business had revenue of $788.90 million during the quarter, compared to the consensus estimate of $767.96 million. IDEX had a net margin of 18.21% and a return on equity of 18.56%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.01 earnings per share. On average, analysts expect IDEX to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
IDEX Stock Performance
NYSE:IEX opened at $227.04 on Friday. The company has a fifty day simple moving average of $236.41 and a two-hundred day simple moving average of $216.08. The company has a market cap of $17.18 billion, a price-to-earnings ratio of 28.96, a price-to-earnings-growth ratio of 2.26 and a beta of 0.97. The company has a quick ratio of 2.05, a current ratio of 2.89 and a debt-to-equity ratio of 0.37. IDEX has a 52 week low of $183.76 and a 52 week high of $246.36.
Hedge Funds Weigh In On IDEX
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Stifel Nicolaus upgraded shares of IDEX from a “hold” rating to a “buy” rating and boosted their price target for the stock from $215.00 to $265.00 in a research note on Thursday, February 8th. StockNews.com upgraded shares of IDEX from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Citigroup boosted their price target on shares of IDEX from $254.00 to $277.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Oppenheimer boosted their target price on shares of IDEX from $245.00 to $252.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $255.00 target price on shares of IDEX in a research note on Thursday, March 21st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $238.78.
Check Out Our Latest Analysis on IDEX
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.
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