IDEX (IEX) to Release Quarterly Earnings on Tuesday

IDEX (NYSE:IEX - Get Free Report) is expected to be announcing its earnings results after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $2.03 per share and revenue of $866.07 million 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 issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.01. IDEX had a return on equity of 15.92% and a net margin of 15.35%. 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 company posted $2.12 earnings per share. IDEX's quarterly revenue was up .6% compared to the same quarter last year. On average, analysts expect IDEX to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

IDEX Stock Performance

Shares of IDEX stock traded down $0.12 on Tuesday, reaching $221.30. 334,765 shares of the company traded hands, compared to its average volume of 439,541. The company has a 50 day moving average of $219.26 and a 200 day moving average of $211.51. IDEX has a 52 week low of $189.51 and a 52 week high of $246.36. The firm has a market capitalization of $16.76 billion, a PE ratio of 34.26, a PEG ratio of 2.17 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.97 and a quick ratio of 2.11.

IDEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.69 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.76 dividend on an annualized basis and a yield of 1.25%. IDEX's dividend payout ratio is 42.72%.

Wall Street Analyst Weigh In

IEX has been the subject of a number of analyst reports. Citigroup cut their price objective on shares of IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Royal Bank of Canada boosted their price target on shares of IDEX from $248.00 to $258.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Stifel Nicolaus increased their price objective on IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Finally, Robert W. Baird reduced their target price on IDEX from $245.00 to $241.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $242.86.

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.