Badger Meter Inc. (NYSE:BMI) is set to release its Q316 earnings data on Tuesday, October 18th. Analysts expect Badger Meter to post earnings of $0.65 per share and revenue of $105.66 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.65 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.65. Badger Meter had a net margin of 7.81% and a return on equity of 13.19%. The firm earned $102.80 million during the quarter, compared to the consensus estimate of $104.54 million. During the same period in the prior year, the firm earned $0.55 EPS. The business’s revenue was up 5.0% on a year-over-year basis. On average, analysts expect Badger Meter to post $1.19 EPS for the current fiscal year and $1.33 EPS for the next fiscal year.
Shares of Badger Meter Inc. (NYSE:BMI) opened at 33.06 on Monday. The company has a market capitalization of $961.95 million, a P/E ratio of 30.61 and a beta of 0.63. The firm has a 50-day moving average of $33.19 and a 200-day moving average of $34.98. Badger Meter Inc. has a one year low of $26.40 and a one year high of $39.36.
Separately, Zacks Investment Research downgraded shares of Badger Meter from a “strong-buy” rating to a “hold” rating in a report on Monday, July 18th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Badger Meter currently has a consensus rating of “Hold” and an average target price of $32.88.
In related news, VP Fred J. Begale sold 1,720 shares of the business’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $66.00, for a total transaction of $113,520.00. Following the transaction, the vice president now directly owns 2,336 shares in the company, valued at $154,176. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP William R. A. Bergum sold 2,250 shares of the business’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $65.09, for a total transaction of $146,452.50. Following the transaction, the vice president now owns 4,432 shares in the company, valued at $288,478.88. The disclosure for this sale can be found here. Corporate insiders own 4.60% of the company’s stock.
A number of institutional investors have recently modified their holdings of BMI. BlackRock Advisors LLC increased its position in shares of Badger Meter by 0.4% in the second quarter. BlackRock Advisors LLC now owns 6,810 shares of the company’s stock worth $497,000 after buying an additional 25 shares during the last quarter. BOKF NA increased its position in shares of Badger Meter by 0.4% in the second quarter. BOKF NA now owns 7,327 shares of the company’s stock worth $535,000 after buying an additional 26 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Badger Meter by 0.3% in the second quarter. Alliancebernstein L.P. now owns 29,407 shares of the company’s stock worth $2,148,000 after buying an additional 102 shares during the last quarter. BlackRock Inc. increased its position in shares of Badger Meter by 3.0% in the second quarter. BlackRock Inc. now owns 6,557 shares of the company’s stock worth $479,000 after buying an additional 192 shares during the last quarter. Finally, Arizona State Retirement System increased its position in shares of Badger Meter by 2.7% in the second quarter. Arizona State Retirement System now owns 7,597 shares of the company’s stock worth $555,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 39.81% of the company’s stock.
Badger Meter Company Profile
Badger Meter, Inc is engaged in flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers across the world. The Company’s products, measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.
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