Wall Street brokerages predict that Badger Meter, Inc. (NYSE:BMI) will post sales of $116.79 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Badger Meter’s earnings, with the lowest sales estimate coming in at $116.40 million and the highest estimate coming in at $117.17 million. Badger Meter reported sales of $113.65 million in the same quarter last year, which indicates a positive year over year growth rate of 2.8%. The firm is scheduled to announce its next earnings results on Wednesday, July 17th.

On average, analysts expect that Badger Meter will report full year sales of $447.69 million for the current year, with estimates ranging from $446.70 million to $449.36 million. For the next financial year, analysts anticipate that the business will post sales of $470.57 million, with estimates ranging from $465.00 million to $475.32 million. Zacks’ sales averages are an average based on a survey of analysts that follow Badger Meter.

Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Wednesday, April 17th. The scientific and technical instruments company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. The company had revenue of $104.90 million for the quarter, compared to the consensus estimate of $111.47 million. Badger Meter had a net margin of 7.17% and a return on equity of 16.13%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS.

BMI has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on shares of Badger Meter from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Zacks Investment Research upgraded Badger Meter from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $52.60.

In related news, VP Horst Gras sold 2,083 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was 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 in the company, valued at approximately $25,256.07. The sale was disclosed in a document filed 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 dated Thursday, June 13th. The shares were sold at an average price of $56.85, for a total value of $487,261.35. Following the completion of the sale, the director now owns 74,582 shares in the company, valued at $4,239,986.70. The disclosure for this sale can be found here. Insiders sold a total of 22,883 shares of company stock worth $1,279,032 over the last 90 days. 2.60% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Badger Meter during the fourth quarter valued at about $19,768,000. Belpointe Asset Management LLC bought a new stake in shares of Badger Meter during the fourth quarter valued at about $10,826,000. JPMorgan Chase & Co. increased its position in shares of Badger Meter by 622.9% during the first quarter. JPMorgan Chase & Co. now owns 135,972 shares of the scientific and technical instruments company’s stock valued at $7,564,000 after buying an additional 117,162 shares during the period. SEI Investments Co bought a new stake in shares of Badger Meter during the first quarter valued at about $5,519,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Badger Meter by 11.0% during the first quarter. Goldman Sachs Group Inc. now owns 559,227 shares of the scientific and technical instruments company’s stock valued at $31,115,000 after buying an additional 55,212 shares during the period. Institutional investors and hedge funds own 83.24% of the company’s stock.

Shares of NYSE:BMI traded down $0.22 during midday trading on Thursday, reaching $56.80. The company had a trading volume of 100,853 shares, compared to its average volume of 139,141. The company has a market capitalization of $1.65 billion, a P/E ratio of 36.88 and a beta of 0.77. Badger Meter has a 52-week low of $44.10 and a 52-week high of $61.57.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Thursday, May 30th. Badger Meter’s dividend payout ratio is currently 38.96%.

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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