IDEX (IEX) Earning Somewhat Favorable News Coverage, Analysis Shows

Media coverage about IDEX (NYSE:IEX) has trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. IDEX earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.595012990306 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

IDEX (NYSE IEX) traded down $1.93 during mid-day trading on Friday, hitting $142.78. The company had a trading volume of 310,518 shares, compared to its average volume of 292,128. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.78 and a quick ratio of 2.06. The company has a market capitalization of $11,453.50, a P/E ratio of 32.75, a P/E/G ratio of 2.27 and a beta of 1.25. IDEX has a 12-month low of $89.69 and a 12-month high of $150.72.

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IDEX (NYSE:IEX) last released its quarterly earnings data on Monday, January 29th. The industrial products company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.05. The firm had revenue of $585.90 million during the quarter, compared to the consensus estimate of $573.47 million. IDEX had a return on equity of 18.88% and a net margin of 14.74%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 earnings per share. analysts predict that IDEX will post 5.07 EPS for the current year.

IEX has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of IDEX from a “buy” rating to a “hold” rating in a research note on Monday, December 18th. Wells Fargo set a $155.00 target price on shares of IDEX and gave the company a “buy” rating in a research note on Thursday, January 18th. Robert W. Baird reissued a “buy” rating and set a $141.00 target price on shares of IDEX in a research note on Friday, December 15th. Stifel Nicolaus reissued a “hold” rating and set a $132.00 target price on shares of IDEX in a research note on Thursday, December 14th. Finally, UBS initiated coverage on shares of IDEX in a research note on Monday, January 22nd. They set a “neutral” rating for the company. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $137.56.

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About IDEX

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).

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