Equities research analysts forecast that Badger Meter, Inc. (NYSE:BMI) will report earnings of $0.47 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Badger Meter’s earnings. The lowest EPS estimate is $0.46 and the highest is $0.48. Badger Meter reported earnings of $0.42 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.9%. The company is expected to report its next quarterly earnings report on Wednesday, July 17th.
On average, analysts expect that Badger Meter will report full-year earnings of $1.69 per share for the current year, with EPS estimates ranging from $1.60 to $1.74. For the next year, analysts expect that the business will post earnings of $1.85 per share, with EPS estimates ranging from $1.72 to $1.93. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Badger Meter.
Badger Meter (NYSE:BMI) last issued its earnings results on Wednesday, April 17th. The scientific and technical instruments company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $104.90 million during the quarter, compared to analysts’ expectations of $111.47 million. Badger Meter had a net margin of 7.17% and a return on equity of 16.13%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share.
Several research analysts have issued reports on the stock. Zacks Investment Research raised shares of Badger Meter from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. Stifel Nicolaus lifted their target price on shares of Badger Meter from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $51.17.
Shares of Badger Meter stock opened at $57.02 on Tuesday. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 33.93 and a beta of 0.77. Badger Meter has a 52-week low of $44.10 and a 52-week high of $61.57.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.60 annualized dividend and a yield of 1.05%. Badger Meter’s dividend payout ratio (DPR) is presently 38.96%.
In other news, VP Raymond G. Serdynski sold 6,703 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $56.53, for a total transaction of $378,920.59. Following the completion of the transaction, the vice president now directly owns 10,045 shares of the company’s stock, valued at $567,843.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Horst Gras sold 2,083 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $52.29, for a total transaction of $108,920.07. Following the transaction, the vice president now directly owns 483 shares of the company’s stock, valued at $25,256.07. The disclosure for this sale can be found here. Insiders sold 14,312 shares of company stock valued at $791,771 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its position in shares of Badger Meter by 182.8% in the first quarter. Advisory Services Network LLC now owns 478 shares of the scientific and technical instruments company’s stock worth $26,000 after purchasing an additional 309 shares during the period. BlueMountain Capital Management LLC bought a new position in shares of Badger Meter in the first quarter worth approximately $70,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Badger Meter in the first quarter worth approximately $267,000. Morgan Stanley boosted its position in shares of Badger Meter by 25.7% in the first quarter. Morgan Stanley now owns 152,769 shares of the scientific and technical instruments company’s stock worth $8,501,000 after purchasing an additional 31,265 shares during the period. Finally, SEI Investments Co bought a new position in shares of Badger Meter in the first quarter worth approximately $5,519,000. 83.24% of the stock is owned by hedge funds and other institutional investors.
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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