IDEX Corporation (NYSE:IEX) is expected to report second quarter earnings results, after market close, on Thursday 23rd July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 1.00 per share.
Looking ahead, the full year income are expected at $ 4.72 per share on the revenues of $ 2253.66 million.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 481.57 million ~ $ 545.78 million
Full Year 2020 bottomline are predicted in a range of $ 5.55 ~ $ 5.85 per share
Click Here For More Historical Outlooks Of IDEX Corporation
Previous Quarter Performance
IDEX Corporation revealed income for the first quarter of $ 1.33 per share, from the revenue of $ 594.46 million. The quarterly earnings shrunk 7.64 percent while revenues shrunk 4.46 percent compared with the same quarter last year.
According to street consensus, IEX was expected to report 1Q20 income of $ 1.30 per share from revenue of $ 597.50 million. The bottom line results beat street analysts by $ 0.03 or 2.31 percent, at the same time, top line results fell short of analysts by $ 3.04 million or 0.51 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of IEX was $ 169.34, representing a 61.95 % increase from the 52 week low of $ 104.56 and a 4.94 % decrease over the 52 week high of $ 178.14.
The company has a market capital of $ 12.77 billion and is part of the Industrials sector and Diversified Industrials industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.50 per share on May 7, 2020. The dividend were payable on May 29, 2020 to holders of record as of the close of business on May 15, 2020 and ex-dividend date on May 14, 2020.
IDEX Corporation, through its subsidiaries, operates as an applied solutions company 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, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.
