Brokerages predict that Badger Meter, Inc. (NYSE:BMI) will report earnings of $0.42 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Badger Meter’s earnings, with estimates ranging from $0.38 to $0.45. Badger Meter reported earnings per share of $0.46 during the same quarter last year, which indicates a negative year over year growth rate of 8.7%. The business is expected to report its next quarterly earnings results before the market opens on Thursday, October 17th.
On average, analysts expect that Badger Meter will report full year earnings of $1.55 per share for the current fiscal year, with EPS estimates ranging from $1.45 to $1.62. For the next fiscal year, analysts anticipate that the company will post earnings of $1.64 per share, with EPS estimates ranging from $1.50 to $1.72. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Badger Meter.
Badger Meter (NYSE:BMI) last released its quarterly earnings results on Thursday, July 18th. The scientific and technical instruments company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.08). The firm had revenue of $103.54 million for the quarter, compared to analysts’ expectations of $117.11 million. Badger Meter had a return on equity of 15.45% and a net margin of 8.57%. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 EPS.
BMI has been the topic of a number of research reports. Stifel Nicolaus dropped their price target on Badger Meter from $54.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, July 19th. Robert W. Baird set a $48.00 price target on Badger Meter and gave the stock a “hold” rating in a research note on Friday, July 19th. Zacks Investment Research downgraded Badger Meter from a “hold” rating to a “sell” rating and set a $60.00 price target on the stock. in a research note on Tuesday, July 16th. Maxim Group set a $64.00 price target on Badger Meter and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, ValuEngine downgraded Badger Meter from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $55.25.
Several hedge funds have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund grew its stake in shares of Badger Meter by 1.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,476 shares of the scientific and technical instruments company’s stock valued at $685,000 after purchasing an additional 200 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Badger Meter by 0.6% in the second quarter. Arizona State Retirement System now owns 45,164 shares of the scientific and technical instruments company’s stock valued at $2,696,000 after buying an additional 253 shares in the last quarter. Advisory Services Network LLC boosted its stake 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 valued at $26,000 after buying an additional 309 shares in the last quarter. ETF Managers Group LLC boosted its stake in shares of Badger Meter by 12.0% in the second quarter. ETF Managers Group LLC now owns 3,420 shares of the scientific and technical instruments company’s stock valued at $204,000 after buying an additional 366 shares in the last quarter. Finally, Usca Ria LLC boosted its stake in shares of Badger Meter by 8.0% in the second quarter. Usca Ria LLC now owns 7,026 shares of the scientific and technical instruments company’s stock valued at $419,000 after buying an additional 523 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.
NYSE:BMI traded down $0.13 during mid-day trading on Thursday, reaching $52.06. 3,942 shares of the stock were exchanged, compared to its average volume of 165,396. The company has a 50 day simple moving average of $52.68 and a 200-day simple moving average of $54.63. The stock has a market capitalization of $1.55 billion, a P/E ratio of 33.71 and a beta of 0.80. Badger Meter has a 1 year low of $46.69 and a 1 year high of $61.57.
The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Thursday, August 29th. This is an increase from Badger Meter’s previous quarterly dividend of $0.15. Badger Meter’s dividend payout ratio (DPR) is currently 44.16%.
Badger Meter Company Profile
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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