Zacks Research Issues Negative Forecast for IDEX Earnings

Key Points

• Zacks Research has lowered its Q2 2026 earnings estimate for IDEX to $2.23 per share, down from $2.24, while the full-year earnings consensus remains at $8.26 per share.
• IDEX's Board of Directors has approved a share repurchase plan allowing the company to buy back $1.00 billion in shares, indicating management's belief that the stock is undervalued.
• The company recently declared a quarterly dividend of $0.71 per share, which will be paid on October 24th, representing an annualized yield of 1.8%.

IDEX Corporation (NYSE:IEX - Free Report) - Zacks Research reduced their Q2 2026 earnings per share estimates for shares of IDEX in a note issued to investors on Monday, September 22nd. Zacks Research analyst Team now anticipates that the industrial products company will earn $2.23 per share for the quarter, down from their prior estimate of $2.24. The consensus estimate for IDEX's current full-year earnings is $8.26 per share. Zacks Research also issued estimates for IDEX's FY2027 earnings at $9.47 EPS.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share for the quarter, topping analysts' consensus estimates of $2.00 by $0.07. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The company had revenue of $865.40 million during the quarter, compared to analysts' expectations of $858.59 million. During the same period in the previous year, the firm posted $2.06 earnings per share. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. IDEX has set its Q3 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.850-7.950 EPS.

Other equities research analysts have also recently issued reports about the stock. DA Davidson set a $180.00 price target on shares of IDEX and gave the stock a "neutral" rating in a research note on Monday, August 4th. Stifel Nicolaus decreased their target price on shares of IDEX from $238.00 to $204.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Royal Bank Of Canada lowered their target price on shares of IDEX from $207.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Citigroup increased their price target on IDEX from $208.00 to $216.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, Oppenheimer decreased their price objective on IDEX from $224.00 to $212.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $201.71.

IDEX Trading Down 0.2%

IDEX stock opened at $160.76 on Tuesday. The stock has a 50-day moving average price of $167.43 and a 200 day moving average price of $174.62. IDEX has a 52 week low of $153.36 and a 52 week high of $238.22. The stock has a market cap of $12.10 billion, a PE ratio of 25.97, a P/E/G ratio of 1.70 and a beta of 1.02. The company has a current ratio of 3.05, a quick ratio of 2.13 and a debt-to-equity ratio of 0.46.

IDEX announced that its Board of Directors has authorized a share repurchase plan on Thursday, September 18th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to reacquire up to 8.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its shares are undervalued.

IDEX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, October 10th. IDEX's dividend payout ratio is currently 45.88%.

Institutional Trading of IDEX

Hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of IDEX by 257.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 143 shares of the industrial products company's stock worth $25,000 after purchasing an additional 103 shares in the last quarter. American National Bank & Trust purchased a new stake in IDEX during the 2nd quarter worth $25,000. MassMutual Private Wealth & Trust FSB lifted its holdings in IDEX by 81.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company's stock worth $26,000 after buying an additional 64 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in IDEX in the 2nd quarter valued at about $33,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of IDEX during the second quarter valued at about $35,000. 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.

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