FY2018 EPS Estimates for Badger Meter, Inc. Boosted by Analyst (BMI)
Badger Meter, Inc. (NYSE:BMI) – Equities research analysts at Gabelli boosted their FY2018 earnings per share (EPS) estimates for shares of Badger Meter in a note issued to investors on Monday. Gabelli analyst J. Garza now expects that the scientific and technical instruments company will earn $1.40 per share for the year, up from their previous forecast of $1.35.
Badger Meter (NYSE:BMI) last announced its earnings results on Thursday, July 20th. The scientific and technical instruments company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $104.17 million for the quarter, compared to analyst estimates of $108.02 million. Badger Meter had a net margin of 8.67% and a return on equity of 13.19%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. COPYRIGHT VIOLATION WARNING: This report was reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/07/26/fy2018-eps-estimates-for-badger-meter-inc-boosted-by-analyst-bmi.html.
A number of other research firms have also recently commented on BMI. BidaskClub cut shares of Badger Meter from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. Zacks Investment Research cut shares of Badger Meter from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Canaccord Genuity restated a “hold” rating and issued a $37.00 price target on shares of Badger Meter in a report on Wednesday, May 24th. Sidoti restated a “buy” rating and issued a $52.00 price target (up from $50.00) on shares of Badger Meter in a report on Monday, June 19th. Finally, Boenning Scattergood restated a “hold” rating on shares of Badger Meter in a report on Friday, July 21st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $42.00.
Shares of Badger Meter (BMI) traded down 0.88% during midday trading on Wednesday, hitting $45.00. 159,344 shares of the stock were exchanged. Badger Meter has a 12 month low of $29.30 and a 12 month high of $45.50. The firm has a 50 day moving average of $40.48 and a 200-day moving average of $38.16. The stock has a market cap of $1.30 billion, a P/E ratio of 38.14 and a beta of 0.54.
A number of hedge funds and other institutional investors have recently modified their holdings of BMI. State Street Corp boosted its position in shares of Badger Meter by 8.9% in the fourth quarter. State Street Corp now owns 624,140 shares of the scientific and technical instruments company’s stock valued at $23,063,000 after buying an additional 50,890 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Badger Meter by 5.3% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 8,000 shares of the scientific and technical instruments company’s stock valued at $296,000 after buying an additional 400 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Badger Meter by 5.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,640 shares of the scientific and technical instruments company’s stock valued at $578,000 after buying an additional 790 shares during the last quarter. Norges Bank acquired a new position in shares of Badger Meter during the fourth quarter valued at about $3,994,000. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Badger Meter by 8.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 461,522 shares of the scientific and technical instruments company’s stock valued at $17,053,000 after buying an additional 34,806 shares during the last quarter. Institutional investors own 84.31% of the company’s stock.
In other Badger Meter news, VP Horst Gras sold 4,568 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $38.91, for a total transaction of $177,740.88. Following the transaction, the vice president now directly owns 18,878 shares in the company, valued at approximately $734,542.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard A. Meeusen sold 12,500 shares of the stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $40.66, for a total transaction of $508,250.00. Following the transaction, the chairman now owns 224,320 shares in the company, valued at $9,120,851.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,404 shares of company stock worth $3,649,077. 4.50% of the stock is owned by company insiders.
About Badger Meter
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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