Equities research analysts predict that Badger Meter, Inc. (NYSE:BMI) will post sales of $103.46 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Badger Meter’s earnings, with estimates ranging from $100.12 million to $106.79 million. Badger Meter posted sales of $96.27 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.5%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Monday, October 16th.

On average, analysts expect that Badger Meter will report full year sales of $103.46 million for the current year, with estimates ranging from $404.59 million to $411.80 million. For the next year, analysts anticipate that the business will post sales of $432.77 million per share, with estimates ranging from $420.77 million to $440.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Badger Meter.

Badger Meter (NYSE:BMI) last announced its quarterly earnings results on Thursday, July 20th. The scientific and technical instruments company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. Badger Meter had a net margin of 8.67% and a return on equity of 13.19%. The firm had revenue of $104.17 million during the quarter, compared to the consensus estimate of $108.02 million. During the same period last year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up .3% on a year-over-year basis.

A number of equities research analysts have issued reports on BMI shares. BidaskClub cut shares of Badger Meter from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. Zacks Investment Research raised shares of Badger Meter from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Sidoti reissued a “buy” rating and issued a $52.00 target price (up previously from $50.00) on shares of Badger Meter in a report on Monday, June 19th. Boenning Scattergood reissued a “hold” rating on shares of Badger Meter in a report on Friday, July 21st. Finally, Canaccord Genuity reissued a “hold” rating and issued a $37.00 target price on shares of Badger Meter in a report on Wednesday, May 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $42.00.

In other Badger Meter news, VP Beverly L. P. Smiley sold 7,550 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $45.26, for a total transaction of $341,713.00. Following the completion of the transaction, the vice president now owns 56,449 shares in the company, valued at approximately $2,554,881.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Kimberly K. Stoll sold 2,830 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $45.01, for a total transaction of $127,378.30. Following the transaction, the vice president now owns 12,223 shares of the company’s stock, valued at approximately $550,157.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,340 shares of company stock valued at $2,859,651. Company insiders own 4.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in BMI. BlackRock Inc. raised its holdings in Badger Meter by 24,345.9% during the 1st quarter. BlackRock Inc. now owns 3,496,500 shares of the scientific and technical instruments company’s stock worth $128,499,000 after purchasing an additional 3,482,197 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Badger Meter by 34.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 954,492 shares of the scientific and technical instruments company’s stock worth $35,077,000 after purchasing an additional 244,086 shares during the last quarter. Vanguard Group Inc. raised its holdings in Badger Meter by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 2,795,037 shares of the scientific and technical instruments company’s stock worth $102,718,000 after purchasing an additional 180,585 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in Badger Meter by 833.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 130,818 shares of the scientific and technical instruments company’s stock worth $4,808,000 after purchasing an additional 116,803 shares during the last quarter. Finally, Delta Lloyd Asset Management N.V. bought a new position in Badger Meter during the 2nd quarter worth approximately $3,188,000. Hedge funds and other institutional investors own 84.25% of the company’s stock.

Badger Meter (NYSE BMI) opened at 45.80 on Friday. The company’s 50-day moving average is $44.93 and its 200 day moving average is $40.20. The company has a market capitalization of $1.33 billion, a P/E ratio of 38.81 and a beta of 0.57. Badger Meter has a one year low of $29.30 and a one year high of $46.85.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.13 per share. This is a positive change from Badger Meter’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, August 29th. This represents a $0.52 annualized dividend and a yield of 1.14%. Badger Meter’s dividend payout ratio (DPR) is presently 44.44%.

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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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Earnings History and Estimates for Badger Meter (NYSE:BMI)

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