Badger Meter, Inc. (BMI) Expected to Announce Earnings of $0.23 Per Share
Wall Street analysts forecast that Badger Meter, Inc. (NYSE:BMI) will report earnings per share (EPS) of $0.23 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Badger Meter’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.25. Badger Meter posted earnings of $0.21 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 9.5%. The firm is scheduled to report its next earnings results on Monday, February 5th.
According to Zacks, analysts expect that Badger Meter will report full year earnings of $1.19 per share for the current year, with EPS estimates ranging from $1.14 to $1.25. For the next fiscal year, analysts anticipate that the company will report earnings of $1.30 per share, with EPS estimates ranging from $1.25 to $1.40. Zacks’ EPS averages are an average based on a survey of research analysts that follow Badger Meter.
Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Monday, October 16th. The scientific and technical instruments company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.08). The business had revenue of $100.00 million for the quarter, compared to the consensus estimate of $102.86 million. Badger Meter had a net margin of 8.39% and a return on equity of 12.62%. Badger Meter’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS.
A number of research firms recently issued reports on BMI. Stifel Nicolaus reaffirmed a “hold” rating and issued a $43.00 price target (down from $49.00) on shares of Badger Meter in a report on Tuesday, October 17th. BidaskClub raised Badger Meter from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Robert W. Baird reaffirmed a “hold” rating and issued a $44.00 price target on shares of Badger Meter in a report on Tuesday, October 17th. Boenning Scattergood reaffirmed a “hold” rating on shares of Badger Meter in a report on Friday, July 21st. Finally, Zacks Investment Research cut Badger Meter from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 20th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $48.00.
In other news, VP Kimberly K. Stoll sold 2,830 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $45.01, for a total value of $127,378.30. Following the completion of the sale, the vice president now directly owns 12,223 shares of the company’s stock, valued at approximately $550,157.23. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Richard A. Meeusen sold 16,500 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $44.61, for a total value of $736,065.00. Following the completion of the sale, the chairman now directly owns 164,620 shares of the company’s stock, valued at $7,343,698.20. The disclosure for this sale can be found here. Insiders have sold a total of 63,340 shares of company stock valued at $2,859,651 over the last three months. Company insiders own 4.50% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. First Personal Financial Services bought a new stake in shares of Badger Meter in the 2nd quarter valued at about $119,000. SG Americas Securities LLC bought a new stake in shares of Badger Meter in the 2nd quarter valued at about $140,000. Pinebridge Investments L.P. increased its stake in shares of Badger Meter by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,836 shares of the scientific and technical instruments company’s stock valued at $153,000 after acquiring an additional 38 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Badger Meter by 33.2% in the 1st quarter. Victory Capital Management Inc. now owns 4,475 shares of the scientific and technical instruments company’s stock valued at $164,000 after acquiring an additional 1,116 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Badger Meter by 78.2% in the 2nd 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 acquiring an additional 2,511 shares during the last quarter. 83.96% of the stock is owned by institutional investors.
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Badger Meter (NYSE BMI) opened at 43.80 on Monday. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 38.09 and a beta of 0.56. The company’s 50-day moving average is $47.55 and its 200 day moving average is $42.44. Badger Meter has a 12 month low of $31.16 and a 12 month high of $52.10.
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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