Badger Meter (BMI) Releases Quarterly Earnings Results
Badger Meter (NYSE:BMI) posted its quarterly earnings results on Thursday. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.01, Analyst Ratings Net reports. The company had revenue of $81.01 million for the quarter, compared to the consensus estimate of $80.66 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Ladenburg Thalmann initiated coverage on shares of Badger Meter in a research note to investors on Monday, January 13th. They set a “neutral” rating and a $50.00 price target on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Badger Meter in a research note to investors on Thursday, December 5th. They now have a $55.00 price target on the stock.
Shares of Badger Meter (NYSE:BMI) opened at 48.34 on Thursday. Badger Meter has a 1-year low of $41.88 and a 1-year high of $56.36. The stock’s 50-day moving average is $52.98 and its 200-day moving average is $50.22. The company has a market cap of $695.0 million and a price-to-earnings ratio of 29.73.
Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement and control technologies serving markets globally.
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