IDEX (IEX) Expected to Announce Earnings on Thursday

IDEX (NYSE:IEX - Get Free Report) is expected to announce its earnings results before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $1.64 per share and revenue of $807.25 million for the quarter. IDEX has set its FY 2025 guidance at 8.100-8.450 EPS and its Q1 2025 guidance at 1.600-1.650 EPS.Investors that are interested in registering for the company's conference call can do so using this link.

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

Shares of IDEX stock traded down $0.31 on Friday, reaching $163.77. 863,892 shares of the company traded hands, compared to its average volume of 558,964. 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 capitalization of $12.37 billion, a PE ratio of 24.63, a PEG ratio of 1.98 and a beta of 1.05. The company has a 50 day moving average of $182.08 and a 200 day moving average of $204.82. IDEX has a 52 week low of $153.36 and a 52 week high of $238.22.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on IEX shares. Stifel Nicolaus cut their price target on IDEX from $256.00 to $192.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Citigroup reduced their target price on shares of IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a research note on Monday, April 14th. DA Davidson dropped their price target on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada reduced their price objective on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $223.14.

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.