Badger Meter, Inc. (NYSE:BMI) announced a quarterly dividend on Friday, November 8th, RTT News reports. Investors of record on Friday, November 29th will be paid a dividend of 0.17 per share by the scientific and technical instruments company on Friday, December 13th. This represents a $0.68 annualized dividend and a dividend yield of 1.14%.
Shares of NYSE BMI traded up $1.01 during midday trading on Friday, reaching $59.86. 159,278 shares of the stock were exchanged, compared to its average volume of 163,083. The company has a market capitalization of $1.73 billion, a P/E ratio of 38.87 and a beta of 0.78. Badger Meter has a 52-week low of $46.69 and a 52-week high of $61.58. The stock has a 50 day moving average price of $55.66 and a 200-day moving average price of $54.76.
Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Thursday, October 17th. The scientific and technical instruments company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $108.60 million during the quarter, compared to the consensus estimate of $110.39 million. Badger Meter had a net margin of 10.95% and a return on equity of 14.85%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 earnings per share. Research analysts predict that Badger Meter will post 1.56 earnings per share for the current year.
A number of equities research analysts have recently commented on BMI shares. ValuEngine downgraded shares of Badger Meter from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Stifel Nicolaus lowered their price target on shares of Badger Meter from $54.00 to $49.00 and set a “hold” rating for the company in a report on Friday, July 19th. Maxim Group reiterated a “buy” rating and set a $64.00 price target on shares of Badger Meter in a report on Wednesday, October 16th. Zacks Investment Research upgraded shares of Badger Meter from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a report on Monday, October 21st. Finally, Robert W. Baird lifted their price target on shares of Badger Meter from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. 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 price target of $57.00.
Badger Meter Company Profile
Badger Meter, Inc provides flow measurement, control, and communication solutions worldwide. It offers mechanical and electronic water meters, and related technologies and services to municipal water utilities; and meters and valves to measure and control materials flowing through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases, as well as for use in water/wastewater, heating, ventilating and air conditioning, oil and gas, chemical and petrochemical, test and measurement, automotive aftermarket, and the concrete construction process industries.
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