Badger Meter, Inc. (BMI) to Post FY2017 Earnings of $1.25 Per Share, Boenning Scattergood Forecasts
Badger Meter, Inc. (NYSE:BMI) – Research analysts at Boenning Scattergood increased their FY2017 EPS estimates for shares of Badger Meter in a report issued on Friday. Boenning Scattergood analyst R. Connors now expects that the scientific and technical instruments company will post earnings per share of $1.25 for the year, up from their prior estimate of $1.20. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Badger Meter’s Q1 2018 earnings at $0.33 EPS, Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.31 EPS and FY2018 earnings at $1.38 EPS.
BMI has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Badger Meter from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. BidaskClub downgraded shares of Badger Meter from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Sidoti reaffirmed a “buy” rating and set a $52.00 price objective (up previously from $50.00) on shares of Badger Meter in a research report on Monday, June 19th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $37.00 price objective on shares of Badger Meter in a research report on Wednesday, May 24th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Badger Meter presently has a consensus rating of “Hold” and an average price target of $42.00.
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Badger Meter (NYSE BMI) opened at 44.70 on Monday. The company’s 50-day moving average is $40.20 and its 200-day moving average is $38.04. The firm has a market cap of $1.29 billion, a PE ratio of 37.88 and a beta of 0.54. Badger Meter has a one year low of $29.30 and a one year high of $46.85.
Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Thursday, July 20th. The scientific and technical instruments company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. The firm had revenue of $104.17 million during the quarter, compared to analysts’ expectations of $108.02 million. Badger Meter had a net margin of 8.67% and a return on equity of 13.19%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.65 earnings per share.
Institutional investors have recently modified their holdings of the stock. US Bancorp DE boosted its position in shares of Badger Meter by 0.9% in the second quarter. US Bancorp DE now owns 71,224 shares of the scientific and technical instruments company’s stock valued at $2,838,000 after buying an additional 667 shares during the period. Aperio Group LLC boosted its position in shares of Badger Meter by 5.9% in the second quarter. Aperio Group LLC now owns 32,452 shares of the scientific and technical instruments company’s stock valued at $1,293,000 after buying an additional 1,799 shares during the period. Rockefeller Financial Services Inc. boosted its position in shares of Badger Meter by 3.0% in the second quarter. Rockefeller Financial Services Inc. now owns 365,413 shares of the scientific and technical instruments company’s stock valued at $14,562,000 after buying an additional 10,696 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Badger Meter by 78.2% in the second quarter. State of Alaska Department of Revenue now owns 5,721 shares of the scientific and technical instruments company’s stock valued at $227,000 after buying an additional 2,511 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Badger Meter by 34.4% in the first quarter. Goldman Sachs Group Inc. now owns 954,492 shares of the scientific and technical instruments company’s stock valued at $35,077,000 after buying an additional 244,086 shares during the period. Institutional investors and hedge funds own 84.31% of the company’s stock.
In other Badger Meter news, VP Richard E. Johnson sold 28,004 shares of the firm’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $41.34, for a total transaction of $1,157,685.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ronald H. Dix sold 2,000 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $41.07, for a total value of $82,140.00. Following the transaction, the insider now owns 43,000 shares in the company, valued at $1,766,010. The disclosure for this sale can be found here. In the last three months, insiders sold 120,908 shares of company stock valued at $4,908,212. 4.50% of the stock is currently owned by insiders.
Badger Meter Company Profile
Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers around the world. The Company’s products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.
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