Brokerages predict that Badger Meter, Inc. (NYSE:BMI) will report sales of $108.59 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Badger Meter’s earnings. The highest sales estimate is $111.30 million and the lowest is $106.69 million. Badger Meter posted sales of $101.61 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.9%. The company is scheduled to report its next earnings results after the market closes on Tuesday, April 17th.
On average, analysts expect that Badger Meter will report full-year sales of $108.59 million for the current fiscal year, with estimates ranging from $419.63 million to $434.84 million. For the next financial year, analysts anticipate that the business will report sales of $450.48 million per share, with estimates ranging from $436.41 million to $461.02 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Badger Meter.
Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Tuesday, February 6th. The scientific and technical instruments company reported $0.25 earnings per share (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 business had revenue of $96.65 million during the quarter, compared to analyst estimates of $98.08 million. During the same period in the prior year, the company 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 equities analysts recently issued reports on the company. 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 increased their price objective 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 decreased their price target on Badger Meter from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Wednesday, February 7th. Finally, Canaccord Genuity lowered Badger Meter from a “hold” rating to a “sell” rating and decreased their price target for the company from $48.00 to $42.00 in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Badger Meter currently has a consensus rating of “Hold” and a consensus target price of $52.00.
In other Badger Meter news, VP Kimberly K. Stoll sold 2,040 shares of the stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $48.47, for a total transaction of $98,878.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard A. Meeusen sold 6,089 shares of the stock in a transaction on Tuesday, February 20th. The shares were 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 $7,351,469.73. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,093 shares of company stock valued at $1,734,158. 4.50% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Copeland Capital Management LLC bought a new position in Badger Meter during the 4th quarter valued at $8,381,000. Schwab Charles Investment Management Inc. lifted its position in shares of Badger Meter by 5.3% during 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 during the last quarter. KBC Group NV lifted its position in shares of Badger Meter by 11.6% during the 4th quarter. KBC Group NV now owns 115,082 shares of the scientific and technical instruments company’s stock valued at $5,501,000 after acquiring an additional 11,948 shares during the last quarter. KAMES CAPITAL plc acquired a new stake in shares of Badger Meter during the 4th quarter valued at $2,678,000. Finally, Sawgrass Asset Management LLC acquired a new stake in shares of Badger Meter during the 3rd quarter valued at $269,000. 86.22% of the stock is owned by hedge funds and other institutional investors.
Shares of BMI stock traded down $1.10 during mid-day trading on Thursday, reaching $47.50. The company had a trading volume of 98,474 shares, compared to its average volume of 133,216. Badger Meter has a 1-year low of $35.10 and a 1-year high of $52.10. The company has a market cap of $1,423.56, a price-to-earnings ratio of 41.44, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Tuesday, February 27th. Badger Meter’s payout ratio is currently 44.07%.
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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