Badger Meter (BMI) to Release Quarterly Earnings on Thursday

Badger Meter (NYSE:BMI) will be issuing its quarterly earnings data before the market opens on Thursday, April 18th. Analysts expect the company to announce earnings of $0.81 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Badger Meter (NYSE:BMI) last released its quarterly earnings results on Friday, January 26th. The scientific and technical instruments company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. Badger Meter had a net margin of 13.16% and a return on equity of 19.07%. The company had revenue of $182.40 million for the quarter, compared to analyst estimates of $182.24 million. During the same period last year, the firm earned $0.60 earnings per share. The firm’s revenue was up 23.8% on a year-over-year basis. On average, analysts expect Badger Meter to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Badger Meter Price Performance

BMI opened at $153.15 on Tuesday. The company’s 50-day moving average is $156.30 and its 200 day moving average is $150.28. Badger Meter has a fifty-two week low of $119.02 and a fifty-two week high of $170.86. The firm has a market capitalization of $4.49 billion, a P/E ratio of 48.77, a PEG ratio of 3.52 and a beta of 0.86.

Badger Meter Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Thursday, February 22nd. Badger Meter’s payout ratio is currently 34.39%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BMI shares. StockNews.com lowered shares of Badger Meter from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Stifel Nicolaus raised their price target on shares of Badger Meter from $142.00 to $147.00 and gave the company a “hold” rating in a research report on Monday, January 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $147.50.

Insiders Place Their Bets

In other Badger Meter news, VP William R. A. Bergum sold 194 shares of Badger Meter stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $159.55, for a total value of $30,952.70. Following the sale, the vice president now owns 13,672 shares of the company’s stock, valued at $2,181,367.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP William R. A. Bergum sold 1,416 shares of Badger Meter stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $156.23, for a total value of $221,221.68. Following the completion of the transaction, the vice president now owns 13,422 shares in the company, valued at $2,096,919.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP William R. A. Bergum sold 194 shares of Badger Meter stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $159.55, for a total transaction of $30,952.70. Following the completion of the transaction, the vice president now owns 13,672 shares of the company’s stock, valued at approximately $2,181,367.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,813 shares of company stock valued at $448,167. Company insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On Badger Meter

Several large investors have recently modified their holdings of BMI. Point72 Europe London LLP purchased a new position in Badger Meter during the fourth quarter valued at approximately $231,000. Jane Street Group LLC purchased a new position in Badger Meter during the first quarter valued at approximately $230,000. Tower Research Capital LLC TRC grew its stake in Badger Meter by 73.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,557 shares of the scientific and technical instruments company’s stock valued at $230,000 after acquiring an additional 661 shares in the last quarter. MML Investors Services LLC purchased a new position in Badger Meter during the second quarter valued at approximately $220,000. Finally, Franklin Resources Inc. purchased a new position in Badger Meter during the fourth quarter valued at approximately $205,000. Hedge funds and other institutional investors own 89.01% of the company’s stock.

About Badger Meter

Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities market. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives.