Equities analysts predict that Badger Meter, Inc. (NYSE:BMI) will post $116.79 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Badger Meter’s earnings, with the lowest sales estimate coming in at $116.40 million and the highest estimate coming in at $117.17 million. Badger Meter reported sales of $113.65 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.8%. The company is scheduled to issue its next quarterly earnings results on Wednesday, July 17th.
According to Zacks, analysts expect that Badger Meter will report full-year sales of $447.69 million for the current financial year, with estimates ranging from $446.70 million to $449.36 million. For the next financial year, analysts forecast that the firm will post sales of $470.57 million, with estimates ranging from $465.00 million to $475.32 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Badger Meter.
Badger Meter (NYSE:BMI) last released its quarterly earnings data on Wednesday, April 17th. The scientific and technical instruments company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $104.90 million during the quarter, compared to the consensus estimate of $111.47 million. Badger Meter had a net margin of 7.17% and a return on equity of 16.13%. The firm’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 earnings per share.
BMI stock traded up $0.55 during mid-day trading on Tuesday, reaching $52.66. The company had a trading volume of 68,055 shares, compared to its average volume of 141,055. The stock has a market capitalization of $1.53 billion, a price-to-earnings 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 company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Thursday, May 30th. Badger Meter’s payout ratio is currently 38.96%.
In other Badger Meter news, VP Raymond G. Serdynski sold 11,204 shares of Badger Meter stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $57.38, for a total transaction of $642,885.52. Following the transaction, the vice president now owns 4,563 shares of the company’s stock, valued at approximately $261,824.94. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Raymond G. Serdynski sold 6,703 shares of Badger Meter stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $56.53, for a total value of $378,920.59. Following the transaction, the vice president now directly owns 10,045 shares in the company, valued at approximately $567,843.85. The disclosure for this sale can be found here. Insiders sold a total of 27,080 shares of company stock worth $1,532,229 in the last three months. 2.60% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC lifted its holdings in shares of Badger Meter by 182.8% during the 1st quarter. Advisory Services Network LLC now owns 478 shares of the scientific and technical instruments company’s stock valued at $26,000 after buying an additional 309 shares during the last quarter. BlueMountain Capital Management LLC acquired a new stake in shares of Badger Meter during the 1st quarter valued at about $70,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Badger Meter during the 1st quarter valued at about $267,000. Morgan Stanley lifted its holdings in shares of Badger Meter by 25.7% during the 1st quarter. Morgan Stanley now owns 152,769 shares of the scientific and technical instruments company’s stock valued at $8,501,000 after buying an additional 31,265 shares during the last quarter. Finally, SEI Investments Co acquired a new stake in shares of Badger Meter during the 1st quarter valued at about $5,519,000. Institutional investors and hedge funds own 83.56% of the company’s stock.
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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