IDEX Corporation (IEX) Releases Earnings Results, Beats Expectations By $0.06 EPS

IDEX Corporation (IEX) reported quarterly earnings results on Monday, Jul-18-2016. The company said it had a profit of $0.99 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.93. The company posted revenue of $549.70 million in the period, compared to analysts expectations of $544.85 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.

Many Wall Street Analysts have commented on IDEX Corporation. IDEX Corporation was Initiated by KeyBanc Capital Mkts to “Sector Weight” on May 23, 2016.

IDEX Corporation closed down -0.06 points or -0.07% at $85.22 with 2,89,119 shares getting traded on Friday. Post opening the session at $85.67, the shares hit an intraday low of $85.05 and an intraday high of $85.94 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 2, 2016, Daniel J Salliotte (SVP-Mergers/Acp & Treasury) sold 4,000 shares at $83.27 per share price. According to the SEC, on May 26, 2016, Eric D Ashleman (SVP – Chief Operating Officer) sold 15,650 shares at $83.66 per share price. On May 26, 2016, Jeffrey D Bucklew (SVP-Chief HR Officer) sold 5,000 shares at $83.68 per share price, according to the Form-4 filing with the securities and exchange commission.

IDEX Corporation is an applied solutions business that sells pumps flow meters and other fluidics systems and components and engineered products. The Company’s products include industrial pumps compressors flow meters injectors and valves and related controls for use in process applications; precision fluidics solutions including pumps valves degassing equipment corrective tubing fittings complex manifolds precision photonic solutions optical filters and specialty medical equipment and devices used in life science applications. The Company operates in three segments: Fluid & Metering Technologies (FMT) which designs produces and distributes positive displacement pumps flow meters and injectors; Health & Science Technologies (HST) which designs produces and distributes precision fluidics and rotary lobe pumps and Fire & Safety/Diversified Products (FSDP) which produces firefighting pumps and controls rescue tools.

IDEX Corporation

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