Badger Meter (NYSE:BMI – Get Free Report) announced its earnings results on Thursday. The scientific and technical instruments company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.23 by $0.01, Briefing.com reports. The business had revenue of $230.30 million for the quarter, compared to the consensus estimate of $240.35 million. Badger Meter had a return on equity of 18.49% and a net margin of 14.36%. Badger Meter’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.19 EPS.
Here are the key takeaways from Badger Meter’s conference call:
- Q4 revenue is expected to grow both sequentially and year over year, with management expecting to exit 2026 with momentum and sustain growth into 2027. Full-year organic sales are still expected to decline by low single digits.
- Profitability exceeded expectations, with operating margin rising 60 basis points year over year to 20.2% and base gross margin reaching 42.1%. Strong ultrasonic meter and software mix, pricing discipline, and cost controls offset higher electronic component costs.
- Management said awarded AMI projects, including PRASA, are ramping and that the broader project pipeline remains robust. The company believes these projects support a return toward its long-term high-single-digit growth profile, although quarterly results may remain uneven.
- Badger Meter formally launched OneNetwork, a platform integrating AMI, network monitoring, and water-quality data; customer and consultant interest was described as high. Management views the platform and related software offerings as drivers of longer-term, higher-margin growth.
- Electronic component availability and cost pressures tied to AI and data-center demand have escalated, while inventory remains above normal. Free cash flow fell to $40.3 million from $48.2 million year over year, though the company expects to reduce excess inventory by year-end.
Badger Meter Price Performance
Shares of Badger Meter stock opened at $150.98 on Friday. The firm has a market cap of $4.38 billion, a P/E ratio of 34.87, a P/E/G ratio of 3.69 and a beta of 0.64. The firm has a 50 day simple moving average of $130.63 and a 200 day simple moving average of $132.46. Badger Meter has a fifty-two week low of $112.09 and a fifty-two week high of $192.28.
Badger Meter Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 28th were issued a $0.44 dividend. This is an increase from Badger Meter’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 28th. Badger Meter’s dividend payout ratio (DPR) is 41.12%.
Trending Headlines about Badger Meter
Here are the key news stories impacting Badger Meter this week:
- Positive Sentiment: Badger Meter reported third-quarter EPS of $1.24, above the $1.23 consensus estimate and up from $1.19 a year earlier. Operating earnings rose 4% year over year, while operating margin improved to 20.2% from 19.6%. Badger Meter Reports Third Quarter 2026 Financial Results
- Positive Sentiment: Base sales increased 5% sequentially, base gross margin reached 42.1%, and software-related growth helped offset broadly flat overall sales. Management said it expects to sustain the growth momentum into 2027. Badger Meter: 3 Key Takeaways for Long-Term Investors
- Positive Sentiment: Analyst reactions were generally supportive after the earnings release. Stifel raised its price target to $168, providing a more constructive near-term valuation benchmark. Badger Meter Analysts Boost Their Forecasts Following Upbeat Q3 Earnings
Analysts Set New Price Targets
BMI has been the subject of several research analyst reports. Weiss Ratings upgraded Badger Meter from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Stifel Nicolaus set a $168.00 price objective on Badger Meter in a research note on Friday. JPMorgan Chase & Co. decreased their target price on Badger Meter from $172.00 to $170.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Seaport Research Partners restated a “buy” rating and issued a $175.00 target price on shares of Badger Meter in a research note on Friday. Finally, Robert W. Baird set a $175.00 price target on Badger Meter in a report on Friday. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Badger Meter currently has a consensus rating of “Hold” and a consensus target price of $165.88.
Read Our Latest Stock Analysis on BMI
Insiders Place Their Bets
In other news, VP Edward Callahan acquired 751 shares of Badger Meter stock in a transaction on Thursday, July 30th. The shares were purchased at an average price of $135.25 per share, with a total value of $101,572.75. Following the acquisition, the vice president owned 1,937 shares in the company, valued at $261,979.25. This represents a 63.32% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by company insiders.
Badger Meter Company Profile
Badger Meter, Inc is a water technology company that develops and manufactures flow measurement, control and communications solutions. Its products are used to measure and manage water across municipal, commercial and industrial applications, helping customers improve operational efficiency, monitor usage and support water conservation.
The company’s offerings include mechanical, ultrasonic and electromagnetic flow meters; valves and related flow-control equipment; and smart water technologies.
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