Wall Street brokerages forecast that Badger Meter, Inc. (NYSE:BMI) will report earnings per share of $0.39 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Badger Meter’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.38. Badger Meter posted earnings per share of $0.30 in the same quarter last year, which would indicate a positive year over year growth rate of 30%. The company is scheduled to report its next quarterly earnings report on Wednesday, April 18th.
According to Zacks, analysts expect that Badger Meter will report full-year earnings of $1.60 per share for the current financial year, with EPS estimates ranging from $1.55 to $1.69. For the next financial year, analysts forecast that the business will post earnings of $1.76 per share, with EPS estimates ranging from $1.70 to $1.87. Zacks’ EPS calculations are an average based on a survey of research firms that follow Badger Meter.
Badger Meter (NYSE:BMI) last posted its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Badger Meter had a net margin of 8.59% and a return on equity of 12.78%. The firm had revenue of $96.65 million during the quarter, compared to the consensus estimate of $98.08 million. During the same period last year, the firm posted $0.21 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis.
In related news, Director Gale E. Klappa sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $50.16, for a total value of $601,920.00. Following the completion of the sale, the director now directly owns 27,723 shares in the company, valued at $1,390,585.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Richard A. Meeusen sold 6,089 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $49.83, for a total transaction of $303,414.87. Following the completion of the sale, the chief executive officer now owns 147,531 shares of the company’s stock, valued at $7,351,469.73. The disclosure for this sale can be found here. Insiders own 4.50% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in BMI. Rock Point Advisors LLC purchased a new stake in Badger Meter in the third quarter valued at approximately $201,000. Sei Investments Co. grew its holdings in Badger Meter by 30,007.4% in the third quarter. Sei Investments Co. now owns 16,258 shares of the scientific and technical instruments company’s stock valued at $203,000 after purchasing an additional 16,204 shares during the period. Appleton Group LLC purchased a new stake in Badger Meter in the fourth quarter valued at approximately $203,000. Chevy Chase Trust Holdings Inc. purchased a new stake in Badger Meter in the third quarter valued at approximately $221,000. Finally, Bluestein R H & Co. purchased a new stake in Badger Meter in the third quarter valued at approximately $245,000. Hedge funds and other institutional investors own 84.59% of the company’s stock.
Badger Meter (NYSE:BMI) traded down $2.70 during trading hours on Friday, reaching $48.05. 396,892 shares of the company’s stock traded hands, compared to its average volume of 137,065. Badger Meter has a 52-week low of $34.40 and a 52-week high of $52.10. The stock has a market cap of $1,400.00, a P/E ratio of 39.39, a P/E/G ratio of 2.10 and a beta of 0.64.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.13 per share. The ex-dividend date is Tuesday, February 27th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.08%. Badger Meter’s dividend payout ratio (DPR) is presently 42.62%.
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About Badger Meter
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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