Badger Meter, Inc. (NYSE:BMI) – Equities researchers at Gabelli increased their FY2018 earnings estimates for shares of Badger Meter in a research report issued on Wednesday. Gabelli analyst J. Garza now forecasts that the scientific and technical instruments company will post earnings of $1.60 per share for the year, up from their previous estimate of $1.40. Gabelli also issued estimates for Badger Meter’s FY2019 earnings at $1.70 EPS, FY2021 earnings at $1.95 EPS and FY2022 earnings at $2.05 EPS.
A number of other research analysts also recently commented on BMI. Robert W. Baird lifted their price objective on shares of Badger Meter from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday. Stifel Nicolaus decreased their price objective on shares of Badger Meter from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Zacks Investment Research raised shares of Badger Meter from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Thursday, January 18th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $51.60.
Badger Meter (NYSE:BMI) last announced its quarterly earnings data on Tuesday, February 6th. The scientific and technical instruments company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Badger Meter had a net margin of 8.59% and a return on equity of 12.78%. The company had revenue of $96.65 million during the quarter, compared to the consensus estimate of $98.08 million. During the same quarter last year, the firm posted $0.21 EPS. The company’s quarterly revenue was up 3.8% on a year-over-year basis.
Several hedge funds and other institutional investors have recently bought and sold shares of BMI. Rock Point Advisors LLC acquired a new stake in shares of Badger Meter during the 3rd quarter worth about $201,000. Sei Investments Co. lifted its stake in shares of Badger Meter by 30,007.4% during the 3rd quarter. Sei Investments Co. now owns 16,258 shares of the scientific and technical instruments company’s stock worth $203,000 after buying an additional 16,204 shares during the last quarter. Appleton Group LLC acquired a new stake in shares of Badger Meter during the 4th quarter worth about $203,000. Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Badger Meter during the 3rd quarter worth about $221,000. Finally, Profund Advisors LLC acquired a new stake in shares of Badger Meter during the 2nd quarter worth about $229,000. Institutional investors own 83.95% of the company’s stock.
In other news, CFO Richard E. Johnson sold 7,200 shares of Badger Meter 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 transaction, the chief financial officer now owns 105,976 shares of the company’s stock, valued at approximately $4,827,206.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Fred J. Begale sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $45.60, for a total transaction of $91,200.00. Following the sale, the vice president now owns 7,609 shares of the company’s stock, valued at approximately $346,970.40. The disclosure for this sale can be found here. Company insiders own 4.50% of the company’s stock.
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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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