Badger Meter (NYSE:BMI) is scheduled to release its earnings data after the market closes on Tuesday, April 17th. Analysts expect Badger Meter to post earnings of $0.37 per share for the quarter.
Badger Meter (NYSE:BMI) last released its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $96.65 million for the quarter, compared to analysts’ expectations of $98.08 million. Badger Meter had a return on equity of 12.78% and a net margin of 8.59%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 earnings per share. On average, analysts expect Badger Meter to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
BMI opened at $45.55 on Tuesday. The company has a market cap of $1,324.58, a PE ratio of 38.56, a price-to-earnings-growth ratio of 1.86 and a beta of 0.61. Badger Meter has a twelve month low of $35.25 and a twelve month high of $52.10.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.14%. Badger Meter’s dividend payout ratio (DPR) is presently 43.70%.
In related news, CEO Richard A. Meeusen sold 6,089 shares of the business’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 transaction of $303,414.87. Following the sale, the chief executive officer now owns 147,531 shares of the company’s stock, valued at $7,351,469.73. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Kimberly K. Stoll sold 2,040 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $48.47, for a total value of $98,878.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,093 shares of company stock worth $1,734,158. 2.80% of the stock is owned by corporate insiders.
A number of research firms have recently weighed in on BMI. ValuEngine raised Badger Meter from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research raised Badger Meter from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 19th. Robert W. Baird boosted their target price on Badger Meter from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Stifel Nicolaus dropped their target price on Badger Meter from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. Finally, Canaccord Genuity reissued a “sell” rating and set a $42.00 target price on shares of Badger Meter in a report on Wednesday, April 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $52.00.
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About Badger Meter
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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