IDEX (NYSE:IEX – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $8.15-$8.45 for the period, compared to the consensus EPS estimate of $8.33. IDEX also updated its FY 2024 guidance to 8.150-8.450 EPS.
IDEX Stock Down 0.6 %
NYSE:IEX traded down $1.35 during mid-day trading on Thursday, hitting $223.29. The stock had a trading volume of 486,624 shares, compared to its average volume of 380,183. The stock has a 50-day simple moving average of $236.49 and a two-hundred day simple moving average of $216.60. The company has a market capitalization of $16.90 billion, a PE ratio of 29.38, a PEG ratio of 2.32 and a beta of 0.97. IDEX has a twelve month low of $183.76 and a twelve month high of $246.36. The company has a current ratio of 2.89, a quick ratio of 2.05 and a debt-to-equity ratio of 0.37.
IDEX (NYSE:IEX – Get Free Report) last announced its quarterly earnings results 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 company had revenue of $801.00 million for the quarter, compared to analyst estimates of $807.52 million. IDEX had a net margin of 17.89% and a return on equity of 17.88%. The firm’s revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.09 earnings per share. On average, equities research analysts anticipate that IDEX will post 8.34 EPS for the current year.
Analyst Upgrades and Downgrades
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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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