IDEX (IEX) Projected to Post Earnings on Wednesday

IDEX (NYSE:IEX - Get Free Report) is expected to post its Q2 2025 quarterly earnings results before the market opens on Wednesday, July 30th. Analysts expect IDEX to post earnings of $1.99 per share and revenue of $858.59 million for the quarter. IDEX has set its FY 2025 guidance at 8.100-8.450 EPS and its Q2 2025 guidance at 1.950-2.050 EPS.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.11. IDEX had a net margin of 14.60% and a return on equity of 15.51%. The company had revenue of $814.30 million for the quarter, compared to analysts' expectations of $807.25 million. During the same quarter in the previous year, the business posted $1.88 earnings per share. IDEX's quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts expect IDEX to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

IDEX Price Performance

IEX traded up $1.85 during trading hours on Friday, hitting $185.51. The company's stock had a trading volume of 369,257 shares, compared to its average volume of 637,849. The business's 50-day moving average price is $180.74 and its 200-day moving average price is $186.52. IDEX has a 12 month low of $153.36 and a 12 month high of $238.22. The stock has a market cap of $14.01 billion, a price-to-earnings ratio of 29.40, a P/E/G ratio of 1.86 and a beta of 1.04. The company has a current ratio of 2.79, a quick ratio of 1.99 and a debt-to-equity ratio of 0.47.

IDEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Friday, July 11th. IDEX's dividend payout ratio is presently 45.01%.

Insider Activity

In other news, CFO Akhil Mahendra sold 250 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $180.89, for a total transaction of $45,222.50. Following the completion of the sale, the chief financial officer directly owned 5,035 shares of the company's stock, valued at approximately $910,781.15. The trade was a 4.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.50% of the company's stock.

Institutional Trading of IDEX

An institutional investor recently raised its position in IDEX stock. Empowered Funds LLC increased its holdings in IDEX Corporation (NYSE:IEX - Free Report) by 3.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,646 shares of the industrial products company's stock after acquiring an additional 54 shares during the quarter. Empowered Funds LLC's holdings in IDEX were worth $298,000 as of its most recent SEC filing. 97.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Citigroup boosted their price objective on shares of IDEX from $208.00 to $216.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Mizuho set a $185.00 price objective on shares of IDEX in a research report on Friday, May 16th. Robert W. Baird set a $215.00 price objective on shares of IDEX in a research report on Friday, May 2nd. Stifel Nicolaus boosted their price objective on shares of IDEX from $208.00 to $238.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, Royal Bank Of Canada boosted their target price on shares of IDEX from $206.00 to $208.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $218.13.

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.