IDEX Co. (IEX) Updates Q2 Earnings Guidance
IDEX Co. (NYSE:IEX) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $1.04 to $1.06 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.01. IDEX also updated its FY17 guidance to $4.00 to $4.10 EPS.
A number of research firms have recently commented on IEX. Zacks Investment Research raised IDEX from a sell rating to a hold rating in a report on Thursday. BMO Capital Markets reaffirmed a hold rating and issued a $104.00 price target on shares of IDEX in a report on Friday. Jefferies Group LLC reaffirmed a hold rating and issued a $79.00 price target on shares of IDEX in a report on Wednesday, April 12th. Janney Montgomery Scott lowered IDEX from a buy rating to a neutral rating and set a $96.00 price target for the company. in a report on Thursday, March 2nd. Finally, Royal Bank of Canada set a $95.00 price target on IDEX and gave the stock a hold rating in a report on Tuesday, January 31st. Seven investment analysts have rated the stock with a hold rating, IDEX has an average rating of Hold and a consensus target price of $93.67.
Shares of IDEX Co. (NYSE:IEX) opened at 100.16 on Friday. The stock has a market cap of $7.64 billion, a P/E ratio of 28.37 and a beta of 1.15. The firm’s 50-day moving average price is $92.95 and its 200-day moving average price is $91.39. IDEX Co. has a 52-week low of $77.93 and a 52-week high of $100.66.
IDEX (NYSE:IEX) last posted its earnings results on Wednesday, April 19th. The industrial products company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.10. The company had revenue of $553.60 million for the quarter, compared to analyst estimates of $533.14 million. IDEX had a net margin of 12.83% and a return on equity of 18.95%. IDEX’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 EPS. Equities analysts predict that IDEX Co. will post $3.92 EPS for the current year.
ILLEGAL ACTIVITY WARNING: “IDEX Co. (IEX) Updates Q2 Earnings Guidance” was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at http://www.dailypolitical.com/2017/04/21/idex-co-iex-updates-q2-earnings-guidance.html.
IDEX Corporation (IDEX) operates an applied solutions business that sells pumps, flow meters and other fluidics systems, and components and engineered products. The Company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST) and Fire & Safety/Diversified Products (FSDP).
Receive News & Ratings for IDEX Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDEX Co. and related companies with MarketBeat.com's FREE daily email newsletter.