Badger Meter (BMI) to Release Earnings on Thursday

Badger Meter (NYSE:BMI) is scheduled to issue 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. Persons that wish to register for the company’s earnings conference call can do so using this link.

Badger Meter (NYSE:BMI) last posted its quarterly earnings results on Friday, January 26th. The scientific and technical instruments company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. Badger Meter had a return on equity of 19.07% and a net margin of 13.16%. The firm had revenue of $182.40 million during the quarter, compared to the consensus estimate of $182.24 million. During the same quarter in the previous year, the business earned $0.60 earnings per share. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. 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

Shares of NYSE BMI opened at $154.11 on Wednesday. Badger Meter has a 1-year low of $119.02 and a 1-year high of $170.86. The business has a 50-day moving average of $156.30 and a 200-day moving average of $150.28. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 49.07, a PEG ratio of 3.52 and a beta of 0.86.

Badger Meter Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Thursday, February 22nd. Badger Meter’s dividend payout ratio is currently 34.39%.

Analyst Ratings Changes

Several analysts have issued reports on the company. StockNews.com cut Badger Meter from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Stifel Nicolaus increased their price target on Badger Meter from $142.00 to $147.00 and gave the stock a “hold” rating in a research report on Monday, January 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $147.50.

Insider Buying and Selling at Badger Meter

In other Badger Meter news, VP William R. A. Bergum sold 1,416 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $156.23, for a total transaction of $221,221.68. Following the completion of the transaction, the vice president now directly owns 13,422 shares of the company’s stock, valued at approximately $2,096,919.06. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Fred J. Begale sold 1,203 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $162.92, for a total transaction of $195,992.76. Following the completion of the sale, the vice president now directly owns 2,181 shares of the company’s stock, valued at approximately $355,328.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP William R. A. Bergum sold 1,416 shares of the stock in a transaction on 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 sale, the vice president now owns 13,422 shares of the company’s stock, valued at approximately $2,096,919.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,813 shares of company stock valued at $448,167. 0.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BMI. Rockefeller Capital Management L.P. grew its holdings in shares of Badger Meter by 434.2% during the first quarter. Rockefeller Capital Management L.P. now owns 372,468 shares of the scientific and technical instruments company’s stock valued at $45,372,000 after buying an additional 302,742 shares in the last quarter. Norges Bank acquired a new stake in Badger Meter during the fourth quarter valued at $30,460,000. State Street Corp boosted its position in Badger Meter by 10.6% during the second quarter. State Street Corp now owns 2,070,197 shares of the scientific and technical instruments company’s stock valued at $167,458,000 after purchasing an additional 198,228 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Badger Meter by 129.1% during the second quarter. Goldman Sachs Group Inc. now owns 250,391 shares of the scientific and technical instruments company’s stock valued at $20,254,000 after purchasing an additional 141,111 shares during the last quarter. Finally, Belpointe Asset Management LLC boosted its position in Badger Meter by 116.1% during the second quarter. Belpointe Asset Management LLC now owns 179,130 shares of the scientific and technical instruments company’s stock valued at $26,432,000 after purchasing an additional 96,239 shares during the last quarter. 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.