Badger Meter (BMI) Earning Somewhat Favorable Media Coverage, Study Shows
News coverage about Badger Meter (NYSE:BMI) has trended somewhat positive this week, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Badger Meter earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave media stories about the scientific and technical instruments company an impact score of 46.3665031983225 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several analysts recently commented on BMI shares. Canaccord Genuity reiterated a “hold” rating and set a $37.00 price target on shares of Badger Meter in a research report on Wednesday, May 24th. Boenning Scattergood reiterated a “hold” rating on shares of Badger Meter in a research report on Friday, July 21st. BidaskClub cut Badger Meter from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Sidoti reiterated a “buy” rating and set a $52.00 price target (up from $50.00) on shares of Badger Meter in a research report on Monday, June 19th. Finally, Zacks Investment Research upgraded Badger Meter from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $42.00.
Badger Meter (NYSE BMI) traded up 1.23% during trading on Wednesday, reaching $45.40. The company’s stock had a trading volume of 58,881 shares. The company has a 50 day moving average price of $43.60 and a 200-day moving average price of $39.27. The company has a market capitalization of $1.32 billion, a PE ratio of 38.47 and a beta of 0.56. Badger Meter has a 52 week low of $29.30 and a 52 week high of $46.85.
Badger Meter (NYSE:BMI) last posted its quarterly earnings results on Thursday, July 20th. The scientific and technical instruments company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The company had revenue of $104.17 million for the quarter, compared to analysts’ expectations of $108.02 million. Badger Meter had a return on equity of 13.19% and a net margin of 8.67%. The firm’s revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share. Equities research analysts anticipate that Badger Meter will post $1.29 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.52 annualized dividend and a dividend yield of 1.15%. This is a boost from Badger Meter’s previous quarterly dividend of $0.12. Badger Meter’s dividend payout ratio is currently 39.32%.
In other Badger Meter news, insider Ronald H. Dix sold 2,000 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $41.07, for a total transaction of $82,140.00. Following the sale, the insider now directly owns 43,000 shares of the company’s stock, valued at approximately $1,766,010. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Richard E. Johnson sold 12,736 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $41.26, for a total transaction of $525,487.36. Following the completion of the transaction, the vice president now directly owns 130,704 shares in the company, valued at $5,392,847.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,776 shares of company stock worth $3,858,414. Company insiders own 4.50% of the company’s stock.
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Badger Meter Company Profile
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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