For its third fiscal quarter (ending September 30), IDEX Corp (NYSE: IEX) has reported a -43% decline in E.P.S. from $2.76 a year ago to $1.57 in the current quarter. E.P.S. were $6.46 for the latest four quarters through September 30 versus $8.16 for the same period a year ago — a decline of -21%.
Recent Price Action
On 10/29/24, IDEX Corp (NYSE: IEX) stock declined slightly by -0.5%, closing at $203.88. This decline was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months and has declined -2.6% during the last week.
Current PriceTarget Research Rating
IEX is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
IDEX has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. IDEX has a neutral Power Rating of 44 and a slightly negative Appreciation Score of 33, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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