Badger Meter (BMI) Set to Announce Quarterly Earnings on Thursday

Badger Meter (NYSE:BMI) is scheduled to be releasing its earnings data before the market opens on Thursday, April 18th. Analysts expect Badger Meter to post earnings of $0.81 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Badger Meter (NYSE:BMI) last announced its earnings results on Friday, January 26th. The scientific and technical instruments company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. Badger Meter had a return on equity of 19.07% and a net margin of 13.16%. The company had revenue of $182.40 million for the quarter, compared to analyst estimates of $182.24 million. During the same quarter last year, the company earned $0.60 earnings per share. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. On average, analysts expect Badger Meter to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Badger Meter Price Performance

Badger Meter stock opened at $153.99 on Thursday. The stock’s fifty day moving average price is $155.67 and its two-hundred day moving average price is $150.28. Badger Meter has a one year low of $119.02 and a one year high of $170.86. The firm has a market cap of $4.52 billion, a PE ratio of 49.04, a price-to-earnings-growth ratio of 3.78 and a beta of 0.86.

Badger Meter Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Thursday, February 22nd. Badger Meter’s dividend payout ratio (DPR) is 34.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BMI shares. StockNews.com downgraded Badger Meter from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Stifel Nicolaus raised their price objective on Badger Meter from $142.00 to $147.00 and gave the company a “hold” rating in a report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Badger Meter currently has an average rating of “Hold” and a consensus target price of $147.50.

Insider Activity at Badger Meter

In related news, VP William R. A. Bergum sold 1,416 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.23, for a total value of $221,221.68. Following the completion of the sale, the vice president now directly owns 13,422 shares of the company’s stock, valued at approximately $2,096,919.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Fred J. Begale sold 1,203 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $162.92, for a total value of $195,992.76. Following the transaction, the vice president now owns 2,181 shares in the company, valued at $355,328.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP William R. A. Bergum sold 1,416 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $156.23, for a total value of $221,221.68. Following the completion of the transaction, the vice president now owns 13,422 shares in the company, valued at approximately $2,096,919.06. The disclosure for this sale can be found here. Insiders sold 2,813 shares of company stock valued at $448,167 in the last three months. Corporate insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On Badger Meter

Several institutional investors have recently bought and sold shares of BMI. American Century Companies Inc. lifted its stake in Badger Meter by 15.7% in the first quarter. American Century Companies Inc. now owns 5,764 shares of the scientific and technical instruments company’s stock valued at $575,000 after purchasing an additional 780 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Badger Meter by 9.1% in the first quarter. HighTower Advisors LLC now owns 5,393 shares of the scientific and technical instruments company’s stock worth $537,000 after purchasing an additional 449 shares during the period. Citigroup Inc. increased its holdings in shares of Badger Meter by 6.1% in the first quarter. Citigroup Inc. now owns 29,408 shares of the scientific and technical instruments company’s stock worth $2,933,000 after purchasing an additional 1,685 shares during the period. Bank of Montreal Can increased its holdings in shares of Badger Meter by 12.7% in the first quarter. Bank of Montreal Can now owns 13,216 shares of the scientific and technical instruments company’s stock worth $1,332,000 after purchasing an additional 1,493 shares during the period. Finally, Acadian Asset Management LLC bought a new position in shares of Badger Meter in the first quarter worth $291,000. Hedge funds and other institutional investors own 89.01% of the company’s stock.

About Badger Meter

Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities market. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives.