Wall Street brokerages expect Badger Meter, Inc. (NYSE:BMI) to post $109.40 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Badger Meter’s earnings, with the lowest sales estimate coming in at $105.01 million and the highest estimate coming in at $111.70 million. Badger Meter reported sales of $100.01 million in the same quarter last year, which indicates a positive year-over-year growth rate of 9.4%. The business is scheduled to issue its next earnings report on Monday, October 15th.

According to Zacks, analysts expect that Badger Meter will report full year sales of $429.66 million for the current year, with estimates ranging from $419.88 million to $435.51 million. For the next year, analysts forecast that the company will report sales of $454.14 million per share, with estimates ranging from $440.87 million to $462.84 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Badger Meter.

Badger Meter (NYSE:BMI) last issued its earnings results on Wednesday, July 18th. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. The business had revenue of $113.65 million during the quarter, compared to analysts’ expectations of $111.03 million. Badger Meter had a net margin of 6.96% and a return on equity of 12.51%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 earnings per share.

Several brokerages have issued reports on BMI. Zacks Investment Research raised shares of Badger Meter from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Robert W. Baird reaffirmed a “hold” rating and issued a $45.00 target price on shares of Badger Meter in a report on Friday, July 20th. Stifel Nicolaus lifted their target price on shares of Badger Meter from $41.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, July 20th. ValuEngine raised shares of Badger Meter from a “hold” rating to a “buy” rating in a report on Saturday, June 16th. Finally, Canaccord Genuity raised shares of Badger Meter from a “sell” rating to a “hold” rating and lifted their target price for the stock from $40.00 to $44.00 in a report on Friday, June 15th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $51.80.

In other news, VP Fred J. Begale sold 2,362 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $55.01, for a total transaction of $129,933.62. Following the completion of the transaction, the vice president now directly owns 7,269 shares of the company’s stock, valued at $399,867.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Richard E. Johnson sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 24th. The shares were sold at an average price of $52.43, for a total transaction of $1,048,600.00. Following the transaction, the vice president now directly owns 85,982 shares of the company’s stock, valued at $4,508,036.26. The disclosure for this sale can be found here. Insiders have sold 46,362 shares of company stock valued at $2,426,234 over the last three months. 2.80% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp raised its holdings in shares of Badger Meter by 4.2% during the second quarter. Northern Trust Corp now owns 398,240 shares of the scientific and technical instruments company’s stock valued at $17,801,000 after purchasing an additional 16,013 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Badger Meter by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 577,317 shares of the scientific and technical instruments company’s stock valued at $25,807,000 after purchasing an additional 10,630 shares during the last quarter. New England Asset Management Inc. purchased a new position in shares of Badger Meter during the second quarter valued at approximately $362,000. Vident Investment Advisory LLC purchased a new position in shares of Badger Meter during the second quarter valued at approximately $212,000. Finally, Raymond James & Associates raised its holdings in shares of Badger Meter by 54.6% during the second quarter. Raymond James & Associates now owns 12,230 shares of the scientific and technical instruments company’s stock valued at $547,000 after purchasing an additional 4,321 shares during the last quarter. 85.71% of the stock is owned by hedge funds and other institutional investors.

Badger Meter stock traded down $0.10 during trading hours on Thursday, hitting $54.25. The stock had a trading volume of 262,081 shares, compared to its average volume of 116,297. The stock has a market capitalization of $1.58 billion, a PE ratio of 45.21, a price-to-earnings-growth ratio of 4.22 and a beta of 0.70. Badger Meter has a 12-month low of $41.00 and a 12-month high of $56.40.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.11%. This is a boost from Badger Meter’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, August 30th. Badger Meter’s payout ratio is presently 50.42%.

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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