Analysts expect that Badger Meter, Inc. (NYSE:BMI) will post $0.39 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Badger Meter’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.38. Badger Meter reported earnings per share of $0.30 during the same quarter last year, which would suggest a positive year-over-year growth rate of 30%. The firm is scheduled to report its next quarterly earnings results on Wednesday, April 18th.
On average, analysts expect that Badger Meter will report full-year earnings of $1.60 per share for the current fiscal year, with EPS estimates ranging from $1.55 to $1.69. For the next financial year, analysts expect that the company will post earnings of $1.76 per share, with EPS estimates ranging from $1.70 to $1.87. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Badger Meter.
Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Badger Meter had a return on equity of 12.78% and a net margin of 8.59%. The firm had revenue of $96.65 million for the quarter, compared to analysts’ expectations of $98.08 million. During the same period in the previous year, the firm posted $0.21 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year.
A number of analysts have recently commented on the company. Canaccord Genuity cut Badger Meter from a “hold” rating to a “sell” rating and dropped their price target for the stock from $48.00 to $42.00 in a research report on Tuesday. Zacks Investment Research raised Badger Meter from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Thursday, January 18th. Stifel Nicolaus reissued a “hold” rating and issued a $51.00 price target (up from $45.00) on shares of Badger Meter in a research report on Tuesday, January 16th. Finally, Robert W. Baird boosted their price target on Badger Meter from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Badger Meter presently has an average rating of “Hold” and an average price target of $52.00.
Shares of Badger Meter (BMI) traded down $2.70 on Friday, hitting $48.05. The stock had a trading volume of 396,892 shares, compared to its average volume of 137,065. Badger Meter has a 12-month low of $34.40 and a 12-month high of $52.10. The company has a market cap of $1,400.00, a PE ratio of 39.39, a P/E/G ratio of 2.10 and a beta of 0.64.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.08%. Badger Meter’s dividend payout ratio is currently 42.62%.
In related news, CEO Richard A. Meeusen sold 6,089 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $49.83, for a total value of $303,414.87. Following the transaction, the chief executive officer now directly owns 147,531 shares of the company’s stock, valued at approximately $7,351,469.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gale E. Klappa sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $50.16, for a total value of $601,920.00. Following the completion of the transaction, the director now directly owns 27,723 shares in the company, valued at $1,390,585.68. The disclosure for this sale can be found here. Corporate insiders own 4.50% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Copeland Capital Management LLC bought a new position in Badger Meter in the 4th quarter valued at approximately $8,381,000. Schwab Charles Investment Management Inc. lifted its position in Badger Meter by 5.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 129,727 shares of the scientific and technical instruments company’s stock valued at $6,357,000 after acquiring an additional 6,546 shares in the last quarter. Morgan Dempsey Capital Management LLC lifted its position in Badger Meter by 19.2% in the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 35,005 shares of the scientific and technical instruments company’s stock valued at $1,722,000 after acquiring an additional 5,648 shares in the last quarter. State Street Corp lifted its position in Badger Meter by 4.7% in the 2nd quarter. State Street Corp now owns 715,440 shares of the scientific and technical instruments company’s stock valued at $28,513,000 after acquiring an additional 32,322 shares in the last quarter. Finally, KAMES CAPITAL plc bought a new position in Badger Meter in the 4th quarter valued at approximately $2,678,000. 84.59% of the stock is currently owned by institutional investors and hedge funds.
Badger Meter Company Profile
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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