Badger Meter (NYSE:BMI) Posts Earnings Results, Beats Expectations By $0.13 EPS

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.

A number of equities research analysts have issued reports on the company. Argus assumed coverage on Badger Meter in a research report on Tuesday, June 30th. They set a “buy” rating and a $71.00 price target for the company. Zacks Investment Research raised Badger Meter from a “strong sell” rating to a “hold” rating and set a $66.00 price target for the company in a research report on Tuesday, September 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $61.40.

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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Earnings History for Badger Meter (NYSE:BMI)

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