Brokerages expect that Badger Meter, Inc. (NYSE:BMI) will report $0.23 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided 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 would suggest a positive year-over-year growth rate of 9.5%. The firm is scheduled to announce its next quarterly earnings report on Monday, February 5th.

According to Zacks, analysts expect that Badger Meter will report full year earnings of $1.18 per share for the current financial year, with EPS estimates ranging from $1.14 to $1.20. For the next fiscal year, analysts forecast that the company will report earnings of $1.30 per share, with EPS estimates ranging from $1.25 to $1.40. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Badger Meter.

Badger Meter (NYSE:BMI) last released its earnings results on Monday, October 16th. The scientific and technical instruments company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.08). Badger Meter had a return on equity of 12.62% and a net margin of 8.39%. The company had revenue of $100.00 million for the quarter, compared to analyst estimates of $102.86 million. During the same period in the previous year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year.

BMI has been the subject of several analyst reports. Robert W. Baird reaffirmed a “hold” rating and set a $44.00 price objective on shares of Badger Meter in a research report on Tuesday, October 17th. Stifel Nicolaus reaffirmed a “hold” rating and set a $43.00 price objective (down from $49.00) on shares of Badger Meter in a research report on Tuesday, October 17th. Sidoti upped their price objective on Badger Meter from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. Canaccord Genuity reaffirmed a “hold” rating and set a $40.00 price objective on shares of Badger Meter in a research report on Friday, October 6th. Finally, Zacks Investment Research raised Badger Meter from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $48.50.

Badger Meter (NYSE BMI) opened at $47.35 on Thursday. Badger Meter has a one year low of $34.40 and a one year high of $52.10. The company has a market capitalization of $1,382.84, a price-to-earnings ratio of 41.54 and a beta of 0.68.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, November 29th. This represents a $0.52 annualized dividend and a dividend yield of 1.10%. Badger Meter’s dividend payout ratio is currently 45.61%.

In related news, VP Fred J. Begale sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $45.60, for a total value of $91,200.00. Following the completion of the sale, the vice president now directly owns 7,609 shares of the company’s stock, valued at approximately $346,970.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard E. Johnson sold 7,200 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $45.55, for a total value of $327,960.00. Following the completion of the sale, the chief financial officer now directly owns 105,976 shares of the company’s stock, valued at $4,827,206.80. The disclosure for this sale can be found here. Corporate insiders own 4.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in BMI. Schwab Charles Investment Management Inc. boosted its position in shares of Badger Meter by 5.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 123,181 shares of the scientific and technical instruments company’s stock valued at $4,909,000 after purchasing an additional 6,640 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Badger Meter in the 2nd quarter valued at about $140,000. Legal & General Group Plc boosted its position in shares of Badger Meter by 9.2% in the 2nd quarter. Legal & General Group Plc now owns 56,941 shares of the scientific and technical instruments company’s stock valued at $2,268,000 after purchasing an additional 4,782 shares during the period. Victory Capital Management Inc. boosted its position in shares of Badger Meter by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,264 shares of the scientific and technical instruments company’s stock valued at $210,000 after purchasing an additional 789 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Badger Meter by 6.8% in the 2nd quarter. Principal Financial Group Inc. now owns 275,333 shares of the scientific and technical instruments company’s stock valued at $10,972,000 after purchasing an additional 17,605 shares during the period. 82.87% of the stock is owned by hedge funds and other institutional investors.

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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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