Badger Meter (NYSE:BMI) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Badger Meter (NYSE:BMI) announced its quarterly earnings results on Wednesday. The scientific and technical instruments company reported $1.02 EPS for the quarter, topping the consensus estimate of $1.01 by $0.01, FiscalAI reports. Badger Meter had a net margin of 14.56% and a return on equity of 18.76%. The firm had revenue of $220.30 million for the quarter, compared to analyst estimates of $220.59 million. During the same period last year, the business earned $1.17 EPS. Badger Meter’s revenue for the quarter was down 6.6% compared to the same quarter last year.

Badger Meter Stock Down 1.8%

BMI opened at $145.66 on Wednesday. The business has a 50 day moving average price of $133.84 and a two-hundred day moving average price of $144.81. The company has a market cap of $4.25 billion, a PE ratio of 32.88, a P/E/G ratio of 2.66 and a beta of 0.64. Badger Meter has a 52 week low of $112.09 and a 52 week high of $228.66.

Badger Meter Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, May 22nd. Badger Meter’s payout ratio is 36.12%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Badger Meter from $190.00 to $160.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Weiss Ratings cut Badger Meter from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, July 9th. Robert W. Baird decreased their price objective on Badger Meter from $173.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, April 20th. Maxim Group lowered shares of Badger Meter from a “buy” rating to a “hold” rating in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Badger Meter in a report on Thursday, May 21st. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $160.00.

Insider Buying and Selling at Badger Meter

In related news, EVP Robert Wrocklage bought 1,000 shares of the stock in a transaction on Thursday, April 23rd. The shares were bought at an average cost of $122.35 per share, for a total transaction of $122,350.00. Following the purchase, the executive vice president owned 23,321 shares of the company’s stock, valued at $2,853,324.35. This trade represents a 4.48% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Badger Meter

Several hedge funds have recently modified their holdings of the stock. Amundi grew its position in Badger Meter by 99.5% in the 3rd quarter. Amundi now owns 401,668 shares of the scientific and technical instruments company’s stock valued at $72,203,000 after buying an additional 200,330 shares during the last quarter. Marshall Wace LLP raised its position in Badger Meter by 3,540.4% during the 3rd quarter. Marshall Wace LLP now owns 192,031 shares of the scientific and technical instruments company’s stock worth $34,293,000 after buying an additional 186,756 shares during the last quarter. UBS Group AG raised its position in Badger Meter by 95.2% during the 3rd quarter. UBS Group AG now owns 376,697 shares of the scientific and technical instruments company’s stock worth $67,271,000 after buying an additional 183,755 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Badger Meter by 108.2% in the 2nd quarter. Bank of America Corp DE now owns 342,099 shares of the scientific and technical instruments company’s stock worth $83,797,000 after acquiring an additional 177,781 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Badger Meter by 20.9% in the 3rd quarter. Invesco Ltd. now owns 970,219 shares of the scientific and technical instruments company’s stock worth $173,262,000 after acquiring an additional 168,053 shares during the period. 89.01% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Badger Meter

Here are the key news stories impacting Badger Meter this week:

• Negative Sentiment: Several law firms issued reminders about the August 3 lead-plaintiff deadline in the Badger Meter securities class action, reinforcing legal overhang and potential litigation costs for investors.
• Negative Sentiment: The class-action allegations claim Badger Meter failed to disclose weakening “short-cycle” demand, with one notice saying investors suffered significant losses as revenue disappointed versus earlier growth expectations.
• Neutral Sentiment: Investors are also watching for Badger Meter’s Q2 earnings, which could help clarify whether the company is stabilizing after the revenue concerns highlighted in the lawsuit. Article Title

About Badger Meter

Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company’s core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.

The company’s product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.