Analysts Expect Badger Meter, Inc. (BMI) to Post $0.23 EPS
Wall Street brokerages expect that Badger Meter, Inc. (NYSE:BMI) will post earnings per share of $0.23 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Badger Meter’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.21. Badger Meter reported earnings per share of $0.21 in the same quarter last year, which suggests a positive year over year growth rate of 9.5%. The business is expected to issue its next quarterly earnings results on Monday, February 5th.
On average, analysts expect that Badger Meter will report full-year earnings of $1.19 per share for the current year, with EPS estimates ranging from $1.14 to $1.25. For the next year, analysts forecast that the company will report earnings of $1.30 per share, with EPS estimates ranging from $1.25 to $1.40. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Badger Meter.
Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Monday, October 16th. The scientific and technical instruments company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.08). The business had revenue of $100.00 million during the quarter, compared to analyst estimates of $102.86 million. Badger Meter had a net margin of 8.39% and a return on equity of 12.62%. Badger Meter’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share.
A number of equities research analysts have commented on BMI shares. Zacks Investment Research lowered Badger Meter from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Canaccord Genuity restated a “hold” rating and set a $40.00 price objective on shares of Badger Meter in a research report on Friday, October 6th. BidaskClub upgraded Badger Meter from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Sidoti raised their price objective on Badger Meter from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, Boenning Scattergood restated a “hold” rating on shares of Badger Meter in a research report on Friday, July 21st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $48.00.
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In other news, VP Beverly L. P. Smiley sold 7,550 shares of Badger Meter stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $45.26, for a total transaction of $341,713.00. Following the completion of the sale, the vice president now directly owns 56,449 shares in the company, valued at approximately $2,554,881.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andrew J. Policano sold 8,850 shares of Badger Meter stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $45.67, for a total value of $404,179.50. Following the sale, the director now owns 32,561 shares of the company’s stock, valued at $1,487,060.87. The disclosure for this sale can be found here. Insiders have sold a total of 40,900 shares of company stock valued at $1,847,078 over the last 90 days. Corporate insiders own 4.50% of the company’s stock.
Several institutional investors have recently made changes to their positions in BMI. First Personal Financial Services acquired a new stake in shares of Badger Meter during the 2nd quarter valued at about $119,000. SG Americas Securities LLC acquired a new stake in shares of Badger Meter during the 2nd quarter valued at about $140,000. Pinebridge Investments L.P. lifted its holdings in shares of Badger Meter by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,836 shares of the scientific and technical instruments company’s stock valued at $153,000 after buying an additional 38 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Badger Meter by 33.2% during the 1st quarter. Victory Capital Management Inc. now owns 4,475 shares of the scientific and technical instruments company’s stock valued at $164,000 after buying an additional 1,116 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Badger Meter by 78.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,721 shares of the scientific and technical instruments company’s stock valued at $227,000 after buying an additional 2,511 shares during the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.
Shares of Badger Meter (BMI) traded up 0.11% during midday trading on Monday, reaching $43.85. 66,916 shares of the company were exchanged. The firm’s 50 day moving average is $47.36 and its 200-day moving average is $42.66. Badger Meter has a 52-week low of $31.41 and a 52-week high of $52.10. The company has a market capitalization of $1.27 billion, a PE ratio of 38.13 and a beta of 0.56.
About Badger Meter
Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers around the world. The Company’s products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.
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