Equities Analysts Offer Predictions for Badger Meter Inc.’s FY2016 Earnings (BMI)
Badger Meter Inc. (NYSE:BMI) – Analysts at Boenning Scattergood cut their FY2016 earnings per share (EPS) estimates for Badger Meter in a note issued to investors on Tuesday. Boenning Scattergood analyst R. Connors now expects that the brokerage will earn $1.13 per share for the year, down from their prior forecast of $1.23. Boenning Scattergood also issued estimates for Badger Meter’s Q4 2016 earnings at $0.26 EPS, Q3 2017 earnings at $0.33 EPS, Q4 2017 earnings at $0.25 EPS and FY2017 earnings at $1.28 EPS.
Separately, Zacks Investment Research raised shares of Badger Meter from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Wednesday, September 21st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $32.88.
Badger Meter (NYSE:BMI) traded up 1.99% during mid-day trading on Wednesday, reaching $31.31. 98,444 shares of the company were exchanged. Badger Meter has a one year low of $26.40 and a one year high of $39.36. The stock has a 50-day moving average price of $33.11 and a 200 day moving average price of $34.98. The company has a market capitalization of $911.03 million, a PE ratio of 28.99 and a beta of 0.63.
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Badger Meter (NYSE:BMI) last posted its quarterly earnings data on Tuesday, October 18th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.03. Badger Meter had a return on equity of 13.25% and a net margin of 7.99%. The company had revenue of $96.30 million for the quarter, compared to analysts’ expectations of $105.66 million. During the same quarter last year, the business posted $0.58 EPS. The business’s quarterly revenue was down 3.1% on a year-over-year basis.
A number of institutional investors have recently made changes to their positions in the company. Lord Abbett & CO. LLC purchased a new position in shares of Badger Meter during the second quarter worth about $5,274,000. Vanguard Group Inc. boosted its position in Badger Meter by 2.7% in the second quarter. Vanguard Group Inc. now owns 1,242,957 shares of the company’s stock valued at $90,772,000 after buying an additional 32,689 shares in the last quarter. Kleinwort Benson Investors Dublin Ltd bought a new position in Badger Meter during the second quarter valued at about $1,442,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Badger Meter by 46.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,400 shares of the company’s stock valued at $4,265,000 after buying an additional 18,634 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in Badger Meter by 8.7% in the first quarter. UBS Asset Management Americas Inc. now owns 230,575 shares of the company’s stock valued at $15,336,000 after buying an additional 18,505 shares in the last quarter. Institutional investors own 39.86% of the company’s stock.
In related news, insider Ronald H. Dix sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $68.72, for a total value of $137,440.00. Following the transaction, the insider now owns 28,300 shares in the company, valued at approximately $1,944,776. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP William R. A. Bergum sold 2,250 shares of the company’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $65.09, for a total transaction of $146,452.50. Following the completion of the transaction, the vice president now owns 4,432 shares in the company, valued at approximately $288,478.88. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by corporate insiders.
Badger Meter Company Profile
Badger Meter, Inc is engaged in flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers across the world. The Company’s products, measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.
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