Analysts predict that Badger Meter, Inc. (NYSE:BMI) will post $0.47 earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for Badger Meter’s earnings, with the lowest EPS estimate coming in at $0.46 and the highest estimate coming in at $0.48. Badger Meter posted earnings per share of $0.42 during the same quarter last year, which indicates a positive year-over-year growth rate of 11.9%. The firm is expected to announce its next earnings results on Wednesday, July 17th.

According to Zacks, analysts expect that Badger Meter will report full year earnings of $1.69 per share for the current financial year, with EPS estimates ranging from $1.60 to $1.74. For the next fiscal year, analysts expect that the firm will report earnings of $1.85 per share, with EPS estimates ranging from $1.72 to $1.93. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Badger Meter.

Badger Meter (NYSE:BMI) last released its earnings results on Wednesday, April 17th. The scientific and technical instruments company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. The business had revenue of $104.90 million for the quarter, compared to analysts’ expectations of $111.47 million. Badger Meter had a return on equity of 16.13% and a net margin of 7.17%. The firm’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share.

A number of research analysts recently commented on BMI shares. Maxim Group set a $65.00 target price on Badger Meter and gave the company a “buy” rating in a research note on Tuesday, January 29th. Stifel Nicolaus raised their price objective on Badger Meter from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Zacks Investment Research raised Badger Meter from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Badger Meter in a research note on Tuesday, February 5th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $51.17.

BMI traded up $0.55 during trading on Friday, reaching $52.66. The stock had a trading volume of 68,055 shares, compared to its average volume of 141,055. The stock has a market cap of $1.53 billion, a PE ratio of 34.19 and a beta of 0.76. Badger Meter has a one year low of $42.85 and a one year high of $61.57.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.14%. Badger Meter’s dividend payout ratio (DPR) is currently 38.96%.

In related news, VP Kimberly K. Stoll sold 3,647 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $56.62, for a total value of $206,493.14. Following the sale, the vice president now directly owns 9,889 shares of the company’s stock, valued at $559,915.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Raymond G. Serdynski sold 6,703 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $56.53, for a total value of $378,920.59. Following the completion of the sale, the vice president now directly owns 10,045 shares in the company, valued at $567,843.85. The disclosure for this sale can be found here. Insiders have sold 27,080 shares of company stock worth $1,532,229 over the last ninety days. Insiders own 2.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of Badger Meter by 0.9% in the first quarter. BlackRock Inc. now owns 4,327,755 shares of the scientific and technical instruments company’s stock worth $240,799,000 after purchasing an additional 37,878 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Badger Meter by 2.5% in the third quarter. Vanguard Group Inc. now owns 3,105,545 shares of the scientific and technical instruments company’s stock worth $164,438,000 after purchasing an additional 76,731 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Badger Meter by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,179,500 shares of the scientific and technical instruments company’s stock worth $65,627,000 after purchasing an additional 16,491 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Badger Meter by 11.0% in the first quarter. Goldman Sachs Group Inc. now owns 559,227 shares of the scientific and technical instruments company’s stock worth $31,115,000 after purchasing an additional 55,212 shares during the last quarter. Finally, Copeland Capital Management LLC grew its stake in shares of Badger Meter by 9.0% in the first quarter. Copeland Capital Management LLC now owns 470,820 shares of the scientific and technical instruments company’s stock worth $26,196,000 after purchasing an additional 38,677 shares during the last quarter. 83.56% of the stock is currently owned by institutional investors.

About Badger Meter

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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