Zacks: Brokerages Expect Badger Meter, Inc. (NYSE:BMI) to Post $0.39 EPS

Wall Street brokerages expect that Badger Meter, Inc. (NYSE:BMI) will report $0.39 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Badger Meter’s earnings, with estimates ranging from $0.35 to $0.42. Badger Meter posted earnings of $0.44 per share in the same quarter last year, which would indicate a negative year over year growth rate of 11.4%. The business is scheduled to announce its next earnings results on Thursday, October 15th.

According to Zacks, analysts expect that Badger Meter will report full year earnings of $1.50 per share for the current year, with EPS estimates ranging from $1.44 to $1.56. For the next financial year, analysts expect that the firm will post earnings of $1.63 per share, with EPS estimates ranging from $1.51 to $1.75. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Badger Meter.

Badger Meter (NYSE:BMI) last released its quarterly earnings results on Thursday, July 16th. The scientific and technical instruments company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.02). Badger Meter had a return on equity of 13.93% and a net margin of 11.15%. The business had revenue of $91.16 million during the quarter, compared to analyst estimates of $98.66 million. During the same quarter last year, the firm posted $0.39 EPS. The company’s revenue was down 12.0% compared to the same quarter last year.

Several research firms recently commented on BMI. Argus began coverage on Badger Meter in a research note on Tuesday, June 30th. They issued a “buy” rating and a $71.00 price target on the stock. Robert W. Baird boosted their price target on Badger Meter from $53.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, June 18th. Finally, Maxim Group reiterated a “hold” rating and issued a $57.00 price target on shares of Badger Meter in a research note on Friday, April 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $60.80.

Shares of NYSE:BMI traded down $1.12 during trading on Friday, hitting $62.60. The company’s stock had a trading volume of 192,897 shares, compared to its average volume of 140,457. Badger Meter has a fifty-two week low of $41.50 and a fifty-two week high of $70.83. The stock’s 50-day moving average price is $62.60 and its two-hundred day moving average price is $60.47. The company has a market capitalization of $1.82 billion, a PE ratio of 39.13 and a beta of 0.82.

In related news, VP Fred J. Begale sold 518 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $64.05, for a total value of $33,177.90. Following the completion of the sale, the vice president now directly owns 4,250 shares of the company’s stock, valued at $272,212.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.80% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Comerica Bank grew its holdings in shares of Badger Meter by 8.0% during the second quarter. Comerica Bank now owns 32,729 shares of the scientific and technical instruments company’s stock valued at $2,072,000 after purchasing an additional 2,415 shares during the last quarter. UBS Group AG grew its holdings in shares of Badger Meter by 9.5% during the second quarter. UBS Group AG now owns 91,887 shares of the scientific and technical instruments company’s stock valued at $5,781,000 after purchasing an additional 7,960 shares during the last quarter. Candriam Luxembourg S.C.A. bought a new position in shares of Badger Meter during the second quarter valued at approximately $1,131,000. Strs Ohio grew its holdings in shares of Badger Meter by 2,014.3% during the second quarter. Strs Ohio now owns 14,800 shares of the scientific and technical instruments company’s stock valued at $931,000 after purchasing an additional 14,100 shares during the last quarter. Finally, Congress Asset Management Co. MA bought a new position in shares of Badger Meter during the second quarter valued at approximately $435,000. 84.77% of the stock is owned by institutional investors.

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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