What is Zacks Research's Forecast for IDEX Q4 Earnings?

IDEX Co. (NYSE:IEX - Free Report) - Research analysts at Zacks Research boosted their Q4 2024 earnings per share estimates for shares of IDEX in a research note issued on Monday, November 25th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings of $2.03 per share for the quarter, up from their previous estimate of $2.02. The consensus estimate for IDEX's current full-year earnings is $7.88 per share. Zacks Research also issued estimates for IDEX's Q1 2025 earnings at $1.99 EPS, Q4 2025 earnings at $2.20 EPS, FY2025 earnings at $8.43 EPS, Q1 2026 earnings at $2.22 EPS, Q3 2026 earnings at $2.25 EPS and FY2026 earnings at $9.23 EPS.

Several other equities research analysts have also weighed in on the stock. Royal Bank of Canada increased their price objective on shares of IDEX from $236.00 to $248.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Robert W. Baird cut their price target on IDEX from $245.00 to $241.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus boosted their price objective on IDEX from $232.00 to $244.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. TD Cowen dropped their target price on IDEX from $240.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, August 7th. Finally, Argus downgraded shares of IDEX from a "buy" rating to a "hold" rating in a report on Wednesday, August 14th. Three research 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 $241.14.

IDEX Stock Performance

Shares of IDEX stock traded down $0.92 during trading hours on Thursday, reaching $231.10. The company's stock had a trading volume of 728,299 shares, compared to its average volume of 483,857. IDEX has a one year low of $189.51 and a one year high of $246.36. The company's 50 day simple moving average is $216.81 and its 200 day simple moving average is $208.07. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.11 and a current ratio of 2.97. The stock has a market cap of $17.50 billion, a P/E ratio of 35.77, a price-to-earnings-growth ratio of 2.50 and a beta of 0.96.

IDEX (NYSE:IEX - Get Free Report) last posted its 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. The business had revenue of $798.20 million for the quarter, compared to analysts' expectations of $793.05 million. IDEX had a net margin of 15.35% and a return on equity of 15.92%. The business's revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.12 earnings per share.

Institutional Investors Weigh In On IDEX

Several institutional investors have recently bought and sold shares of IEX. Studio Investment Management LLC lifted its position in IDEX by 4.9% in the third quarter. Studio Investment Management LLC now owns 955 shares of the industrial products company's stock worth $205,000 after purchasing an additional 45 shares during the period. UMB Bank n.a. lifted its holdings in shares of IDEX by 31.0% in the second quarter. UMB Bank n.a. now owns 241 shares of the industrial products company's stock valued at $48,000 after buying an additional 57 shares during the period. EverSource Wealth Advisors LLC boosted its stake in IDEX by 19.9% during the second quarter. EverSource Wealth Advisors LLC now owns 344 shares of the industrial products company's stock valued at $72,000 after buying an additional 57 shares in the last quarter. Whittier Trust Co. grew its holdings in IDEX by 38.4% during the second quarter. Whittier Trust Co. now owns 209 shares of the industrial products company's stock worth $42,000 after acquiring an additional 58 shares during the period. Finally, 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 worth $30,000 after acquiring an additional 59 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

IDEX Announces Dividend

The business 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 dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Friday, January 17th. IDEX's dividend payout ratio is currently 42.72%.

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.