IDEX (NYSE:IEX) Issues Quarterly Earnings Results, Beats Expectations By $0.11 EPS

IDEX (NYSE:IEX - Get Free Report) announced its quarterly earnings results on Thursday. The industrial products company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.64 by $0.11, Zacks reports. The company had revenue of $814.30 million for the quarter, compared to the consensus estimate of $807.25 million. IDEX had a return on equity of 16.08% and a net margin of 15.45%. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.88 earnings per share. IDEX updated its FY 2025 guidance to 8.100-8.450 EPS and its Q2 2025 guidance to 1.950-2.050 EPS.

IDEX Trading Up 0.7 %

Shares of IDEX stock opened at $175.27 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53. The firm has a 50-day moving average of $177.65 and a 200-day moving average of $202.42. IDEX has a 52-week low of $153.36 and a 52-week high of $238.22. The stock has a market cap of $13.24 billion, a PE ratio of 26.36, a PEG ratio of 1.98 and a beta of 1.05.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Mizuho set a $175.00 target price on shares of IDEX in a research report on Tuesday, April 22nd. Royal Bank of Canada lowered their price target on IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus reduced their price objective on IDEX from $256.00 to $192.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Citigroup lowered their price objective on IDEX from $264.00 to $201.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, DA Davidson reduced their target price on IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Three equities 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.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $217.13.

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.

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