IDEX (IEX) to Release Earnings on Tuesday

IDEX (NYSE:IEX - Get Free Report) is set to issue its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $1.89 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 issued its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.04 by $0.02. IDEX had a net margin of 18.19% and a return on equity of 16.87%. The firm had revenue of $807.20 million during the quarter, compared to analysts' expectations of $828.15 million. During the same period in the prior year, the company posted $2.18 earnings per share. IDEX's revenue for the quarter was down 4.6% on a year-over-year basis. On average, analysts expect IDEX to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

IDEX Stock Down 0.7 %

NYSE IEX traded down $1.42 during trading on Tuesday, hitting $207.87. 336,162 shares of the company traded hands, compared to its average volume of 461,657. The company has a market capitalization of $15.73 billion, a P/E ratio of 27.35, a PEG ratio of 2.20 and a beta of 0.95. The business has a fifty day simple moving average of $205.17 and a 200 day simple moving average of $209.01. IDEX has a 12 month low of $183.76 and a 12 month high of $246.36. The company has a current ratio of 3.41, a quick ratio of 2.52 and a debt-to-equity ratio of 0.36.

IDEX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a $0.69 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $2.76 annualized dividend and a yield of 1.33%. IDEX's dividend payout ratio (DPR) is currently 36.32%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. TD Cowen reduced their price objective on shares of IDEX from $240.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, August 7th. DA Davidson cut their target price on shares of IDEX from $220.00 to $210.00 and set a "neutral" rating for the company in a research report on Monday, August 5th. Stifel Nicolaus raised their price target on IDEX from $232.00 to $244.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Royal Bank of Canada decreased their target price on IDEX from $250.00 to $236.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. Finally, StockNews.com downgraded IDEX from a "buy" rating to a "hold" rating in a research report on Thursday, July 11th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $239.43.

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.