IDEX (NYSE:IEX) Releases FY 2025 Earnings Guidance

Key Points

• IDEX has issued FY 2025 earnings guidance with an expected earnings per share range of 7.850-7.950, below the consensus estimate of 8.205.
• The company recently announced a quarterly dividend of $0.71 per share, resulting in an annualized yield of 1.53%.
• Investment analysts have generally rated IDEX as a "Moderate Buy", with a consensus price target of $218.13.

IDEX (NYSE:IEX - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 7.850-7.950 for the period, compared to the consensus earnings per share estimate of 8.205. The company issued revenue guidance of -. IDEX also updated its Q3 2025 guidance to 1.900-1.950 EPS.

IDEX Price Performance

IEX traded down $4.73 during midday trading on Friday, reaching $158.78. 89,122 shares of the company's stock were exchanged, compared to its average volume of 658,685. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 1.99. The stock has a market capitalization of $11.99 billion, a PE ratio of 25.65, a P/E/G ratio of 1.73 and a beta of 1.04. The business's 50-day moving average price is $179.90 and its 200 day moving average price is $185.58. IDEX has a 1-year low of $153.36 and a 1-year high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.00 by $0.07. The company had revenue of $865.40 million during the quarter, compared to analysts' expectations of $858.59 million. IDEX had a net margin of 14.05% and a return on equity of 15.16%. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.06 earnings per share. As a group, equities analysts anticipate that IDEX will post 8.26 EPS for the current fiscal year.

IDEX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a dividend of $0.71 per share. The ex-dividend date was Friday, July 11th. This represents a $2.84 dividend on an annualized basis and a yield of 1.8%. IDEX's payout ratio is presently 45.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Robert W. Baird set a $215.00 price objective on shares of IDEX in a research report on Friday, May 2nd. Oppenheimer cut their price objective on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating for the company in a research report on Thursday. Mizuho set a $185.00 price objective on shares of IDEX in a research report on Friday, May 16th. 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. Finally, Royal Bank Of Canada cut their price objective on shares of IDEX from $207.00 to $200.00 and set an "outperform" rating for the company in a research report on Thursday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $209.63.

Insider Buying and Selling

In related news, CFO Akhil Mahendra sold 250 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer owned 5,035 shares of the company's stock, valued at approximately $910,781.15. This represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.50% of the company's stock.

Hedge Funds Weigh In On IDEX

An institutional investor recently raised its position in IDEX stock. Empowered Funds LLC raised its stake in shares of IDEX Corporation (NYSE:IEX - Free Report) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,646 shares of the industrial products company's stock after purchasing an additional 54 shares during the period. Empowered Funds LLC's holdings in IDEX were worth $298,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 97.96% of the company's stock.

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.