Analysts Issue Forecasts for IDEX's Q1 Earnings (NYSE:IEX)

IDEX Co. (NYSE:IEX - Free Report) - Equities researchers at Zacks Research dropped their Q1 2025 earnings estimates for IDEX in a research note issued on Tuesday, February 25th. Zacks Research analyst R. Department now expects that the industrial products company will post earnings per share of $1.63 for the quarter, down from their prior forecast of $1.99. The consensus estimate for IDEX's current full-year earnings is $8.26 per share. Zacks Research also issued estimates for IDEX's FY2025 earnings at $8.20 EPS and FY2027 earnings at $9.84 EPS.

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

A number of other equities research analysts have also recently issued reports on IEX. Stifel Nicolaus upped their price objective on IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. DA Davidson dropped their target price on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Royal Bank of Canada cut their target price 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. Finally, Citigroup dropped their price target on IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a research note 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $241.71.

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IDEX Stock Down 1.6 %

Shares of NYSE IEX traded down $2.93 during mid-day trading on Friday, hitting $185.60. The company had a trading volume of 763,110 shares, compared to its average volume of 536,380. IDEX has a one year low of $183.24 and a one year high of $246.36. The company has a market capitalization of $14.07 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 1.98 and a beta of 0.97. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. The firm has a 50-day simple moving average of $207.18 and a two-hundred day simple moving average of $211.69.

Institutional Investors Weigh In On IDEX

A number of large investors have recently modified their holdings of IEX. Banque de Luxembourg S.A. bought a new stake in shares of IDEX during the fourth quarter worth $27,000. Catalyst Capital Advisors LLC raised its position in IDEX by 73.8% in the third quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 59 shares during the last quarter. Assetmark Inc. bought a new stake in shares of IDEX during the third quarter worth about $39,000. Quarry LP acquired a new position in shares of IDEX in the fourth quarter valued at approximately $49,000. Finally, Jones Financial Companies Lllp raised its holdings in IDEX by 35.2% in the 4th quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock valued at $85,000 after buying an additional 106 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

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.