Badger Meter (NYSE:BMI) Issues Earnings Results

Badger Meter (NYSE:BMI) released its earnings results on Tuesday. The scientific and technical instruments company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.02), Briefing.com reports. Badger Meter had a return on equity of 21.57% and a net margin of 15.53%. The company had revenue of $238.10 million during the quarter, compared to analysts’ expectations of $235.38 million. During the same quarter in the previous year, the company earned $1.12 EPS. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year.

Badger Meter Price Performance

Shares of BMI opened at $192.13 on Thursday. The company has a market capitalization of $5.66 billion, a PE ratio of 41.86, a price-to-earnings-growth ratio of 2.91 and a beta of 0.83. Badger Meter has a one year low of $162.17 and a one year high of $256.08. The company’s fifty day moving average price is $242.55 and its 200 day moving average price is $219.61.

Badger Meter Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were issued a $0.34 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.36 annualized dividend and a yield of 0.71%. Badger Meter’s dividend payout ratio (DPR) is presently 29.63%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada cut their target price on shares of Badger Meter from $284.00 to $264.00 and set an “outperform” rating for the company in a research report on Wednesday. Raymond James Financial initiated coverage on shares of Badger Meter in a research report on Tuesday, June 3rd. They issued a “market perform” rating for the company. Stifel Nicolaus set a $233.00 price target on shares of Badger Meter and gave the company a “hold” rating in a report on Monday. Robert W. Baird raised their price target on shares of Badger Meter from $216.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Argus set a $240.00 price target on shares of Badger Meter in a report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $240.20.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Badger Meter stock. Brighton Jones LLC bought a new position in Badger Meter, Inc. (NYSE:BMI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,068 shares of the scientific and technical instruments company’s stock, valued at approximately $227,000. Institutional investors and hedge funds own 89.01% of the company’s stock.

About Badger Meter

Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities market. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives.