IDEX (NYSE:IEX) Releases Earnings Results, Beats Estimates By $0.01 EPS

IDEX (NYSE:IEX) 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 15.35% and a return on equity of 15.92%. IDEX updated its FY 2025 guidance to 8.100-8.450 EPS and its Q1 2025 guidance to 1.600-1.650 EPS.

IDEX Price Performance

Shares of IDEX stock opened at $200.83 on Wednesday. The stock’s 50-day simple moving average is $218.29 and its 200-day simple moving average is $212.10. The company has a quick ratio of 2.11, a current ratio of 2.97 and a debt-to-equity ratio of 0.54. IDEX has a 52 week low of $189.51 and a 52 week high of $246.36. The company has a market capitalization of $15.21 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 2.21 and a beta of 0.97.

IDEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a $0.69 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.37%. IDEX’s dividend payout ratio (DPR) is presently 42.72%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Citigroup lowered their price target on shares of IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Royal Bank of Canada lifted their price target on IDEX from $248.00 to $258.00 and gave the stock an “outperform” rating in a research note 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 report on Wednesday, December 11th. Finally, Robert W. Baird dropped their price target on IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $242.86.

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.