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.
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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