What is Zacks Research’s Estimate for IDEX FY2025 Earnings?

IDEX Co. (NYSE:IEX) – Analysts at Zacks Research increased their FY2025 earnings per share estimates for IDEX in a research note issued to investors on Tuesday, December 31st. Zacks Research analyst R. Department now anticipates that the industrial products company will post earnings of $8.44 per share for the year, up from their previous estimate of $8.43. The consensus estimate for IDEX’s current full-year earnings is $7.89 per share. Zacks Research also issued estimates for IDEX’s FY2026 earnings at $9.24 EPS.

Several other analysts also recently weighed in on the company. Stifel Nicolaus boosted their price objective on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Citigroup upped their target price on IDEX from $251.00 to $269.00 and gave the company a “buy” rating in a report on Monday, December 9th. Royal Bank of Canada upped their target price on IDEX from $248.00 to $258.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, Robert W. Baird decreased their target price on IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a report 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. Based on data from MarketBeat, IDEX has an average rating of “Moderate Buy” and a consensus price target of $243.14.

IDEX Stock Performance

Shares of IEX stock opened at $207.02 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.11 and a current ratio of 2.97. IDEX has a fifty-two week low of $189.51 and a fifty-two week high of $246.36. The stock has a 50 day moving average price of $221.92 and a two-hundred day moving average price of $209.68. The company has a market capitalization of $15.68 billion, a P/E ratio of 32.05, a PEG ratio of 2.36 and a beta of 0.96.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.01. IDEX had a return on equity of 15.92% and a net margin of 15.35%. The firm had revenue of $798.20 million during the quarter, compared to the consensus estimate of $793.05 million. During the same quarter in the previous year, the company posted $2.12 earnings per share. The business’s revenue was up .6% on a year-over-year basis.

IDEX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.69 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.33%. IDEX’s dividend payout ratio is currently 42.72%.

Institutional Investors Weigh In On IDEX

A number of institutional investors have recently modified their holdings of IEX. Catalyst Capital Advisors LLC grew its stake in shares of 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 during the last quarter. Assetmark Inc. purchased a new stake in shares of IDEX in the third quarter worth $39,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of IDEX by 100.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 200 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 100 shares in the last quarter. Mascoma Wealth Management LLC bought a new position in shares of IDEX during the second quarter valued at $51,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of 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 purchasing an additional 57 shares in the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

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.