$1.27 Earnings Per Share Expected for IDEX Co. (IEX) This Quarter

Brokerages expect IDEX Co. (NYSE:IEX) to post earnings of $1.27 per share for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for IDEX’s earnings, with the lowest EPS estimate coming in at $1.26 and the highest estimate coming in at $1.27. IDEX posted earnings per share of $1.12 during the same quarter last year, which suggests a positive year-over-year growth rate of 13.4%. The business is scheduled to report its next quarterly earnings report on Monday, February 4th.

According to Zacks, analysts expect that IDEX will report full year earnings of $5.36 per share for the current year, with EPS estimates ranging from $5.32 to $5.37. For the next year, analysts forecast that the company will report earnings of $5.77 per share, with EPS estimates ranging from $5.67 to $5.85. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for IDEX.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Tuesday, October 23rd. The industrial products company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.31 by $0.10. The firm had revenue of $623.00 million for the quarter, compared to analyst estimates of $613.94 million. IDEX had a return on equity of 20.40% and a net margin of 16.54%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 earnings per share.

Several research firms have issued reports on IEX. Zacks Investment Research upgraded IDEX from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a research note on Friday, November 16th. Janney Montgomery Scott upgraded IDEX from a “neutral” rating to a “buy” rating and set a $149.00 target price on the stock in a research note on Thursday, October 25th. Robert W. Baird cut their target price on IDEX from $145.00 to $139.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th. UBS Group set a $142.00 target price on IDEX and gave the company a “hold” rating in a research note on Friday, October 26th. Finally, Boenning Scattergood began coverage on IDEX in a research note on Thursday, October 11th. They issued a “neutral” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $146.00.

IEX traded down $1.40 on Monday, hitting $133.64. The company had a trading volume of 1,166,794 shares, compared to its average volume of 281,496. IDEX has a 12-month low of $123.47 and a 12-month high of $157.84. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 2.41. The firm has a market capitalization of $10.36 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 2.46 and a beta of 1.33.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 30th. Shareholders of record on Tuesday, January 15th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Monday, January 14th. This represents a $1.72 annualized dividend and a yield of 1.29%. IDEX’s dividend payout ratio (DPR) is presently 39.91%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SRS Capital Advisors Inc. boosted its holdings in IDEX by 83.0% in the second quarter. SRS Capital Advisors Inc. now owns 745 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 338 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in IDEX by 0.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 108,678 shares of the industrial products company’s stock worth $14,832,000 after acquiring an additional 340 shares in the last quarter. US Bancorp DE boosted its holdings in IDEX by 17.3% in the second quarter. US Bancorp DE now owns 2,670 shares of the industrial products company’s stock worth $364,000 after acquiring an additional 393 shares in the last quarter. State Treasurer State of Michigan boosted its holdings in IDEX by 1.4% in the second quarter. State Treasurer State of Michigan now owns 28,300 shares of the industrial products company’s stock worth $3,862,000 after acquiring an additional 400 shares in the last quarter. Finally, MetLife Investment Advisors LLC boosted its holdings in IDEX by 1.0% in the second quarter. MetLife Investment Advisors LLC now owns 48,217 shares of the industrial products company’s stock worth $6,581,000 after acquiring an additional 455 shares in the last quarter. Institutional investors own 94.72% of the company’s stock.

About IDEX

IDEX Corporation, through its subsidiaries, operates as an applied solutions company 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, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.

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