Badger Meter, Inc. (BMI) Releases Earnings Results, Misses Estimates By $0.08 EPS
Badger Meter, Inc. (NYSE:BMI) issued its earnings results on Monday. The scientific and technical instruments company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.08), Briefing.com reports. Badger Meter had a return on equity of 13.19% and a net margin of 8.67%. The company had revenue of $100.00 million during the quarter, compared to analyst estimates of $102.86 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The business’s revenue was up 3.8% compared to the same quarter last year.
Badger Meter (BMI) opened at 50.80 on Tuesday. The stock has a market cap of $1.48 billion, a P/E ratio of 43.05 and a beta of 0.56. Badger Meter has a 52 week low of $29.30 and a 52 week high of $52.10. The firm has a 50-day moving average price of $47.65 and a 200-day moving average price of $42.21.
In other Badger Meter news, Chairman Richard A. Meeusen sold 16,500 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $44.61, for a total transaction of $736,065.00. Following the completion of the transaction, the chairman now owns 164,620 shares in the company, valued at approximately $7,343,698.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Kimberly K. Stoll sold 2,830 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $45.01, for a total value of $127,378.30. Following the transaction, the vice president now owns 12,223 shares of the company’s stock, valued at approximately $550,157.23. The disclosure for this sale can be found here. Insiders have sold a total of 63,340 shares of company stock worth $2,859,651 in the last ninety days. 4.50% of the stock is currently owned by company insiders.
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A number of research analysts have recently weighed in on the company. Sidoti lifted their price target on Badger Meter from $55.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, October 5th. Boenning Scattergood reiterated a “hold” rating on shares of Badger Meter in a report on Friday, July 21st. Stifel Nicolaus assumed coverage on Badger Meter in a report on Monday, September 18th. They set a “hold” rating and a $43.00 price target on the stock. BidaskClub upgraded Badger Meter from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Finally, Zacks Investment Research downgraded Badger Meter from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 20th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $51.33.
Badger Meter Company Profile
Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers around the world. The Company’s products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.
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