Badger Meter (BMI) Expected to Post Quarterly Sales of $108.59 Million

Equities analysts expect that Badger Meter (NYSE:BMI) will post $108.59 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Badger Meter’s earnings. The highest sales estimate is $111.30 million and the lowest is $106.69 million. Badger Meter reported sales of $101.61 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.9%. The firm is scheduled to issue its next earnings report after the market closes on Tuesday, April 17th.

On average, analysts expect that Badger Meter will report full-year sales of $108.59 million for the current financial year, with estimates ranging from $419.63 million to $434.84 million. For the next fiscal year, analysts expect that the firm will report sales of $450.48 million per share, with estimates ranging from $436.41 million to $461.02 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Badger Meter.

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Badger Meter (NYSE:BMI) last announced its quarterly earnings data on Tuesday, February 6th. The scientific and technical instruments company reported $0.25 earnings per share (EPS) 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 company had revenue of $96.65 million during the quarter, compared to analysts’ expectations of $98.08 million. During the same period in the previous year, the company earned $0.21 EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year.

A number of brokerages recently weighed in on BMI. Zacks Investment Research raised shares of Badger Meter from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Thursday, January 18th. Canaccord Genuity cut shares of Badger Meter from a “hold” rating to a “sell” rating and decreased their price target for the stock from $48.00 to $42.00 in a research report on Tuesday, February 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price target on shares of Badger Meter in a research report on Thursday, December 14th. Robert W. Baird upped their price target on shares of Badger Meter from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Finally, ValuEngine raised shares of Badger Meter from a “hold” rating to a “buy” rating in a research report on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $52.00.

Shares of NYSE BMI traded down $1.25 during trading on Friday, hitting $45.50. 111,362 shares of the company traded hands, compared to its average volume of 128,727. Badger Meter has a 1 year low of $35.25 and a 1 year high of $52.10. The stock has a market capitalization of $1,359.51, a PE ratio of 38.24, a P/E/G ratio of 1.90 and a beta of 0.61.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.52 dividend on an annualized basis and a yield of 1.14%. Badger Meter’s dividend payout ratio (DPR) is 43.70%.

In related news, VP Kimberly K. Stoll sold 1,834 shares of the company’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $48.78, for a total transaction of $89,462.52. Following the completion of the sale, the vice president now directly owns 10,672 shares of the company’s stock, valued at approximately $520,580.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gale E. Klappa sold 12,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $50.16, for a total transaction of $601,920.00. Following the sale, the director now directly owns 27,723 shares of the company’s stock, valued at $1,390,585.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,093 shares of company stock valued at $1,734,158. 2.80% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of BMI. Appleton Group LLC purchased a new position in Badger Meter in the 4th quarter valued at about $203,000. Sei Investments Co. boosted its position in Badger Meter by 30,007.4% in the 3rd quarter. Sei Investments Co. now owns 16,258 shares of the scientific and technical instruments company’s stock valued at $203,000 after buying an additional 16,204 shares during the last quarter. Chevy Chase Trust Holdings Inc. purchased a new position in Badger Meter in the 3rd quarter valued at about $221,000. Bluestein R H & Co. purchased a new position in Badger Meter in the 3rd quarter valued at about $245,000. Finally, Raymond James & Associates boosted its position in Badger Meter by 39.8% in the 4th quarter. Raymond James & Associates now owns 6,789 shares of the scientific and technical instruments company’s stock valued at $325,000 after buying an additional 1,933 shares during the last quarter. 86.39% of the stock is owned by institutional investors.

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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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