Badger Meter (NYSE:BMI) announced its quarterly earnings data on Friday. The scientific and technical instruments company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.13, MarketWatch Earnings reports. The business had revenue of $113.60 million during the quarter, compared to the consensus estimate of $101.19 million. Badger Meter had a return on equity of 13.93% and a net margin of 11.15%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share.
Shares of NYSE BMI opened at $80.38 on Friday. Badger Meter has a 1-year low of $41.50 and a 1-year high of $82.90. The business has a 50-day moving average of $65.08 and a 200-day moving average of $62.02. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 50.24 and a beta of 0.75.
In other news, VP Fred J. Begale sold 1,500 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $63.66, for a total value of $95,490.00. Following the completion of the sale, the vice president now owns 2,750 shares of the company’s stock, valued at $175,065. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Kimberly K. Stoll sold 2,308 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $61.00, for a total value of $140,788.00. Following the completion of the transaction, the vice president now owns 6,546 shares in the company, valued at approximately $399,306. The disclosure for this sale can be found here. 0.80% of the stock is owned by corporate insiders.
About Badger Meter
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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