Brokers Offer Predictions for Badger Meter, Inc.’s FY2017 Earnings (BMI)

Badger Meter, Inc. (NYSE:BMI) – Gabelli lifted their FY2017 earnings per share estimates for Badger Meter in a note issued to investors on Monday. Gabelli analyst J. Garza now anticipates that the scientific and technical instruments company will post earnings per share of $1.25 for the year, up from their prior estimate of $1.20.

Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Thursday, July 20th. The scientific and technical instruments company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. Badger Meter had a net margin of 8.67% and a return on equity of 13.19%. The company had revenue of $104.17 million during the quarter, compared to the consensus estimate of $108.02 million. During the same period in the prior year, the company earned $0.65 EPS. Badger Meter’s revenue was up .3% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: This news story was published by Stock Observer and is the property of of Stock Observer. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.thestockobserver.com/2017/08/12/brokers-offer-predictions-for-badger-meter-inc-s-fy2017-earnings-bmi-updated-updated.html.

Other analysts have also issued reports about the company. BidaskClub lowered Badger Meter from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Zacks Investment Research upgraded Badger Meter from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Boenning Scattergood reiterated a “hold” rating on shares of Badger Meter in a research report on Friday. Sidoti reiterated a “buy” rating and issued a $52.00 price objective (up from $50.00) on shares of Badger Meter in a research report on Monday, June 19th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $37.00 price objective on shares of Badger Meter in a research report on Wednesday, May 24th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $42.00.

Shares of Badger Meter (NYSE BMI) traded up 0.22% during midday trading on Tuesday, reaching $45.20. 9,018 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $40.48 and a 200-day moving average of $38.16. The company has a market capitalization of $1.31 billion, a PE ratio of 38.31 and a beta of 0.54. Badger Meter has a 1-year low of $29.30 and a 1-year high of $45.45.

In related news, insider Ronald H. Dix sold 2,000 shares of Badger Meter stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $41.07, for a total value of $82,140.00. Following the completion of the sale, the insider now directly owns 43,000 shares in the company, valued at $1,766,010. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Richard E. Johnson sold 12,736 shares of Badger Meter stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $41.26, for a total value of $525,487.36. Following the completion of the sale, the vice president now owns 130,704 shares of the company’s stock, valued at $5,392,847.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,904 shares of company stock valued at $3,750,527. Corporate insiders own 4.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Badger Meter by 24,345.9% in the first quarter. BlackRock Inc. now owns 3,496,500 shares of the scientific and technical instruments company’s stock worth $128,499,000 after buying an additional 3,482,197 shares during the period. Vanguard Group Inc. boosted its position in shares of Badger Meter by 6.9% in the first quarter. Vanguard Group Inc. now owns 2,795,037 shares of the scientific and technical instruments company’s stock worth $102,718,000 after buying an additional 180,585 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Badger Meter by 1.6% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,617,131 shares of the scientific and technical instruments company’s stock worth $59,429,000 after buying an additional 24,721 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Badger Meter by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,116,664 shares of the scientific and technical instruments company’s stock worth $41,037,000 after buying an additional 29,226 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Badger Meter by 34.4% in the first quarter. Goldman Sachs Group Inc. now owns 954,492 shares of the scientific and technical instruments company’s stock worth $35,077,000 after buying an additional 244,086 shares during the period. Hedge funds and other institutional investors own 84.31% of the company’s stock.

About Badger Meter

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.

Earnings History and Estimates for Badger Meter (NYSE:BMI)

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