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 Performance
Shares of IDEX stock traded down $0.73 during trading on Friday, reaching $222.55. The company’s stock had a trading volume of 58,446 shares, compared to its average volume of 376,029. The company has a quick ratio of 2.05, a current ratio of 3.37 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average price is $236.49 and its 200-day moving average price is $216.60. IDEX has a 52 week low of $183.76 and a 52 week high of $246.36. The firm has a market cap of $16.84 billion, a PE ratio of 29.38, a P/E/G ratio of 2.24 and a beta of 0.97.
IDEX (NYSE:IEX – Get Free Report) last released 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. IDEX had a net margin of 17.89% and a return on equity of 17.60%. The business had revenue of $801.00 million for the quarter, compared to the consensus estimate of $807.52 million. During the same period in the prior year, the company posted $2.09 earnings per share. IDEX’s revenue was down 5.3% compared to the same quarter last year. Equities analysts forecast that IDEX will post 8.34 earnings per share for the current year.
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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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