Analysts Expect Badger Meter, Inc. (NYSE:BMI) to Post $0.42 EPS

Equities research analysts predict that Badger Meter, Inc. (NYSE:BMI) will announce earnings per share of $0.42 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Badger Meter’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.38. Badger Meter reported earnings of $0.46 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.7%. The company is expected to report its next earnings results on Wednesday, October 16th.

On average, analysts expect that Badger Meter will report full year earnings of $1.55 per share for the current financial year, with EPS estimates ranging from $1.45 to $1.62. For the next year, analysts expect that the company will report earnings of $1.64 per share, with EPS estimates ranging from $1.50 to $1.72. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Badger Meter.

Badger Meter (NYSE:BMI) last announced its quarterly earnings results on Thursday, July 18th. The scientific and technical instruments company reported $0.39 earnings per share 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 the consensus estimate of $117.11 million. Badger Meter had a return on equity of 15.45% and a net margin of 8.57%. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 earnings per share.

BMI has been the topic of a number of recent analyst reports. Robert W. Baird set a $48.00 price target on shares of Badger Meter and gave the stock a “hold” rating in a research report on Friday, July 19th. Zacks Investment Research cut shares of Badger Meter from a “hold” rating to a “sell” rating and set a $60.00 price target on the stock. in a research report on Tuesday, July 16th. Maxim Group set a $64.00 price target on shares of Badger Meter and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Stifel Nicolaus reduced their price target on shares of Badger Meter from $54.00 to $49.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $52.80.

Shares of NYSE BMI opened at $49.80 on Friday. The company’s fifty day moving average is $54.44 and its 200-day moving average is $55.97. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 31.57 and a beta of 0.80. Badger Meter has a twelve month low of $46.69 and a twelve month high of $61.57.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.17 dividend. This is a boost from Badger Meter’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, August 29th. Badger Meter’s payout ratio is currently 38.96%.

In related news, VP Horst Gras sold 2,083 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $52.29, for a total value of $108,920.07. Following the sale, the vice president now directly owns 483 shares of the company’s stock, valued at approximately $25,256.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard A. Meeusen sold 8,571 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $56.85, for a total transaction of $487,261.35. Following the completion of the sale, the director now directly owns 74,582 shares in the company, valued at $4,239,986.70. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of BMI. Advisory Services Network LLC lifted its position in Badger Meter by 182.8% in the 1st quarter. Advisory Services Network LLC now owns 478 shares of the scientific and technical instruments company’s stock valued at $26,000 after acquiring an additional 309 shares in the last quarter. Stonebridge Capital Advisors LLC bought a new stake in Badger Meter in the 2nd quarter valued at $42,000. Krane Funds Advisors LLC bought a new stake in Badger Meter in the 2nd quarter valued at $62,000. Tortoise Capital Advisors L.L.C. lifted its position in Badger Meter by 2,426.4% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,339 shares of the scientific and technical instruments company’s stock valued at $80,000 after acquiring an additional 1,286 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Badger Meter by 761.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,646 shares of the scientific and technical instruments company’s stock valued at $98,000 after acquiring an additional 1,455 shares in the last quarter. 83.35% of the stock is currently owned by institutional investors and hedge funds.

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

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