Badger Meter Inc. (NYSE:BMI) is scheduled to issue its Q316 quarterly earnings data 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. Individual that are interested in registering for the company’s earnings 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 EPS for the quarter, hitting analysts’ consensus estimates of $0.65. The business earned $102.80 million during the quarter, compared to analysts’ expectations of $104.54 million. Badger Meter had a net margin of 7.81% and a return on equity of 13.19%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 earnings per share. 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.
Shares of Badger Meter Inc. (NYSE:BMI) opened at 32.74 on Friday. The stock has a market cap of $952.64 million, a PE ratio of 30.31 and a beta of 0.63. The stock’s 50 day moving average is $33.20 and its 200-day moving average is $34.97. Badger Meter Inc. has a 1-year low of $26.40 and a 1-year high of $39.36.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a dividend of $0.23 per share. This is a positive change from Badger Meter’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.92 annualized dividend and a yield of 2.81%. Badger Meter’s payout ratio is presently 42.59%.
Separately, Zacks Investment Research lowered shares of Badger Meter from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 18th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Badger Meter currently has an average rating of “Hold” and an average price target of $32.88.
In other news, insider Ronald H. Dix sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $68.72, for a total transaction of $137,440.00. Following the completion of the transaction, the insider now owns 28,300 shares in the company, valued at $1,944,776. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP William R. A. Bergum sold 2,250 shares of the company’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $65.09, for a total transaction of $146,452.50. Following the transaction, the vice president now owns 4,432 shares of the company’s stock, valued at approximately $288,478.88. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Advisors LLC raised its position in Badger Meter by 0.4% in the second quarter. BlackRock Advisors LLC now owns 6,810 shares of the company’s stock valued at $497,000 after buying an additional 25 shares in the last quarter. BOKF NA raised its position in Badger Meter by 0.4% in the second quarter. BOKF NA now owns 7,327 shares of the company’s stock valued at $535,000 after buying an additional 26 shares in the last quarter. Alliancebernstein L.P. raised its position in Badger Meter by 0.3% in the second quarter. Alliancebernstein L.P. now owns 29,407 shares of the company’s stock valued at $2,148,000 after buying an additional 102 shares in the last quarter. BlackRock Inc. raised its position in Badger Meter by 3.0% in the second quarter. BlackRock Inc. now owns 6,557 shares of the company’s stock valued at $479,000 after buying an additional 192 shares in the last quarter. Finally, Arizona State Retirement System raised its position in Badger Meter by 2.7% in the second quarter. Arizona State Retirement System now owns 7,597 shares of the company’s stock valued at $555,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 39.81% of the company’s stock.
Badger Meter Company Profile