Badger Meter (BMI) Receives Coverage Optimism Score of 0.10
Media coverage about Badger Meter (NYSE:BMI) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Badger Meter earned a news impact score of 0.10 on Accern’s scale. Accern also gave news headlines about the scientific and technical instruments company an impact score of 100 out of 100, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the near future.
Badger Meter (NYSE:BMI) opened at 40.20 on Monday. Badger Meter has a 12 month low of $29.30 and a 12 month high of $41.70. The firm’s 50-day moving average is $39.49 and its 200-day moving average is $37.80. The stock has a market capitalization of $1.17 billion, a P/E ratio of 35.58 and a beta of 0.54.
Badger Meter (NYSE:BMI) last released its earnings results on Wednesday, April 19th. The scientific and technical instruments company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Badger Meter had a return on equity of 13.02% and a net margin of 8.37%. The business had revenue of $101.60 million for the quarter, compared to analyst estimates of $102.63 million. During the same quarter last year, the firm posted $0.55 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. On average, equities analysts expect that Badger Meter will post $1.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st were paid a $0.115 dividend. The ex-dividend date was Friday, May 26th. This represents a $0.46 dividend on an annualized basis and a yield of 1.14%. Badger Meter’s payout ratio is 40.53%.
Several research analysts recently commented on the stock. Sidoti reaffirmed a “buy” rating and issued a $52.00 target price (up from $50.00) on shares of Badger Meter in a research note on Monday, June 19th. BidaskClub downgraded shares of Badger Meter from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Zacks Investment Research raised shares of Badger Meter from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $37.00 target price on shares of Badger Meter in a research note on Wednesday, May 24th.
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In other Badger Meter news, Chairman Richard A. Meeusen sold 4,301 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $40.29, for a total value of $173,287.29. Following the sale, the chairman now owns 172,724 shares in the company, valued at $6,959,049.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Raymond G. Serdynski sold 2,500 shares of the stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $40.58, for a total value of $101,450.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 120,908 shares of company stock worth $4,908,212. Insiders own 4.50% of the company’s stock.
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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