IDEX (NYSE:IEX) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

IDEX (NYSE:IEX - Get Free Report) issued its quarterly earnings results on Tuesday. The industrial products company reported $2.04 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.01, Zacks reports. IDEX had a net margin of 15.45% and a return on equity of 16.08%. IDEX updated its FY 2025 guidance to 8.100-8.450 EPS and its Q1 2025 guidance to 1.600-1.650 EPS.

IDEX Stock Down 1.8 %

Shares of NYSE IEX traded down $3.67 during mid-day trading on Friday, reaching $195.65. 856,052 shares of the company's stock traded hands, compared to its average volume of 482,422. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 2.11. The business has a 50-day simple moving average of $216.28 and a 200 day simple moving average of $211.90. The stock has a market cap of $14.81 billion, a P/E ratio of 29.42, a PEG ratio of 1.98 and a beta of 0.97. IDEX has a 1-year low of $189.51 and a 1-year high of $246.36.

IDEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.76 annualized dividend and a yield of 1.41%. IDEX's payout ratio is 41.50%.

Wall Street Analyst Weigh In

Several brokerages recently commented on IEX. Stifel Nicolaus upped their target price on IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. 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 report on Thursday. Robert W. Baird dropped their target price on shares of IDEX from $245.00 to $241.00 and set an "outperform" rating on the stock in a research report on Thursday, October 31st. Finally, Citigroup reduced their price target on shares of IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $241.00.

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.