Badger Meter (BMI) to Release Quarterly Earnings on Wednesday

Badger Meter (NYSE:BMI) is scheduled to be announcing its earnings results before the market opens on Wednesday, April 17th. Analysts expect the company to announce earnings of $0.38 per share for the quarter.

Badger Meter (NYSE:BMI) last announced its quarterly earnings results on Tuesday, February 5th. The scientific and technical instruments company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $104.40 million for the quarter, compared to the consensus estimate of $103.54 million. Badger Meter had a net margin of 6.41% and a return on equity of 15.39%. Badger Meter’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 EPS. On average, analysts expect Badger Meter to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NYSE BMI opened at $57.25 on Tuesday. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 37.18 and a beta of 0.78. Badger Meter has a 52-week low of $41.00 and a 52-week high of $61.57.



In other Badger Meter news, VP Kimberly K. Stoll sold 3,647 shares of Badger Meter stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $56.62, for a total value of $206,493.14. Following the completion of the transaction, the vice president now directly owns 9,889 shares of the company’s stock, valued at approximately $559,915.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard A. Meeusen sold 10,000 shares of Badger Meter stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $59.02, for a total transaction of $590,200.00. Following the completion of the transaction, the director now directly owns 78,562 shares of the company’s stock, valued at $4,636,729.24. The disclosure for this sale can be found here. Insiders sold a total of 38,705 shares of company stock valued at $2,271,763 over the last three months. Corporate insiders own 2.60% of the company’s stock.

A number of analysts have issued reports on BMI shares. Zacks Investment Research upgraded shares of Badger Meter from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Tuesday, January 8th. Maxim Group set a $65.00 price target on shares of Badger Meter and gave the company a “buy” rating in a report on Tuesday, January 29th. Berenberg Bank upgraded shares of Badger Meter from a “sell” rating to a “hold” rating in a report on Monday, January 7th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Badger Meter in a report on Tuesday, February 5th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $50.33.

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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 for Badger Meter (NYSE:BMI)

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