Badger Meter Inc. (NYSE:BMI) is set to announce its Q316 earnings results on Tuesday, October 18th. Analysts expect the company to announce earnings of $0.65 per share and revenue of $105.66 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Badger Meter (NYSE:BMI) last released its earnings results on Thursday, July 21st. The company reported $0.65 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.65. The company earned $102.80 million during the quarter, compared to the consensus estimate of $104.54 million. Badger Meter had a net margin of 7.81% and a return on equity of 13.19%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 EPS. On average, analysts expect Badger Meter to post $1.19 EPS for the current fiscal year and $1.33 EPS for the next fiscal year.

Earnings History for Badger Meter (NYSE:BMI)

Shares of Badger Meter Inc. (NYSE:BMI) opened at 33.06 on Monday. Badger Meter Inc. has a 52-week low of $26.40 and a 52-week high of $39.36. The stock has a 50 day moving average of $33.19 and a 200 day moving average of $34.98. The company has a market cap of $961.95 million, a P/E ratio of 30.61 and a beta of 0.63.

In related news, VP Fred J. Begale sold 1,720 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $66.00, for a total transaction of $113,520.00. Following the completion of the sale, the vice president now directly owns 2,336 shares of the company’s stock, valued at approximately $154,176. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP William R. A. Bergum sold 2,250 shares of the company’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $65.09, for a total transaction of $146,452.50. Following the sale, the vice president now directly owns 4,432 shares of the company’s stock, valued at $288,478.88. The disclosure for this sale can be found here. Corporate insiders own 4.60% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Arizona State Retirement System increased its stake in shares of Badger Meter by 2.7% in the second quarter. Arizona State Retirement System now owns 7,597 shares of the company’s stock worth $555,000 after buying an additional 200 shares during the period. AQR Capital Management LLC bought a new stake in shares of Badger Meter during the second quarter worth $316,000. Guggenheim Capital LLC increased its stake in shares of Badger Meter by 19.0% in the second quarter. Guggenheim Capital LLC now owns 38,883 shares of the company’s stock worth $2,839,000 after buying an additional 6,209 shares during the period. Zacks Investment Management bought a new stake in shares of Badger Meter during the second quarter worth $858,000. Finally, Bridgeway Capital Management Inc. bought a new stake in shares of Badger Meter during the second quarter worth $230,000. 39.81% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research upgraded shares of Badger Meter from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Wednesday, September 21st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $32.88.

Badger Meter Company Profile

Badger Meter, Inc is engaged in flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers across the world. The Company’s products, measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.

5 Day Chart for NYSE:BMI

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