IDEX (NYSE:IEX – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 8.150-8.450 for the period, compared to the consensus earnings per share estimate of 8.330. The company issued revenue guidance of -. IDEX also updated its FY24 guidance to $8.15-$8.45 EPS.
IDEX Price Performance
IEX traded down $7.97 during trading on Wednesday, reaching $224.30. The stock had a trading volume of 374,502 shares, compared to its average volume of 375,892. The business has a 50-day moving average of $236.63 and a 200-day moving average of $216.50. IDEX has a one year low of $183.76 and a one year high of $246.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.05 and a current ratio of 2.89. The stock has a market cap of $16.98 billion, a PE ratio of 29.52, a PEG ratio of 2.30 and a beta of 0.97.
IDEX (NYSE:IEX – Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.76 by $0.12. The firm had revenue of $801.00 million for the quarter, compared to analyst estimates of $807.52 million. IDEX had a return on equity of 18.56% and a net margin of 18.21%. The company’s revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.09 EPS. As a group, equities research analysts anticipate that IDEX will post 8.34 EPS for the current fiscal year.
Analyst Ratings Changes
Get Our Latest Stock Analysis on IDEX
About IDEX
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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