Brokerages Expect Badger Meter, Inc. (NYSE:BMI) Will Announce Quarterly Sales of $135.52 Million

Analysts expect Badger Meter, Inc. (NYSE:BMIGet Rating) to post sales of $135.52 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Badger Meter’s earnings, with estimates ranging from $133.93 million to $137.10 million. Badger Meter reported sales of $122.87 million in the same quarter last year, which would suggest a positive year over year growth rate of 10.3%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Badger Meter will report full-year sales of $547.08 million for the current financial year, with estimates ranging from $540.65 million to $553.50 million. For the next financial year, analysts forecast that the firm will report sales of $579.84 million, with estimates ranging from $567.68 million to $592.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Badger Meter.

Badger Meter (NYSE:BMIGet Rating) last announced its earnings results on Tuesday, April 19th. The scientific and technical instruments company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). The company had revenue of $132.40 million for the quarter, compared to analyst estimates of $132.54 million. Badger Meter had a return on equity of 15.49% and a net margin of 11.82%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share.

A number of equities research analysts have recently issued reports on BMI shares. Zacks Investment Research raised Badger Meter from a “sell” rating to a “hold” rating and set a $92.00 target price on the stock in a research report on Thursday, April 21st. TheStreet lowered Badger Meter from a “b” rating to a “c+” rating in a research report on Thursday, May 5th. StockNews.com lowered Badger Meter from a “buy” rating to a “hold” rating in a research report on Saturday, April 23rd. Finally, Stifel Nicolaus dropped their price target on Badger Meter from $93.00 to $88.00 in a research report on Wednesday, April 20th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $101.67.

Hedge funds and other institutional investors have recently modified their holdings of the business. Princeton Global Asset Management LLC purchased a new position in Badger Meter in the first quarter valued at about $27,000. National Bank of Canada FI purchased a new position in Badger Meter in the first quarter valued at about $30,000. CWM LLC grew its stake in Badger Meter by 60.6% in the first quarter. CWM LLC now owns 355 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 134 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Badger Meter by 51.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 354 shares of the scientific and technical instruments company’s stock valued at $38,000 after purchasing an additional 120 shares in the last quarter. Finally, Strs Ohio grew its stake in Badger Meter by 150.0% in the fourth quarter. Strs Ohio now owns 500 shares of the scientific and technical instruments company’s stock valued at $53,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 93.75% of the company’s stock.

Shares of Badger Meter stock opened at $79.14 on Wednesday. The stock’s fifty day moving average is $86.81 and its 200-day moving average is $96.05. The firm has a market capitalization of $2.32 billion, a PE ratio of 37.69 and a beta of 0.86. Badger Meter has a 12-month low of $74.82 and a 12-month high of $112.36.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 27th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.01%. The ex-dividend date is Thursday, May 26th. Badger Meter’s payout ratio is 38.10%.

About Badger Meter (Get Rating)

Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities.

Read More

Get a free copy of the Zacks research report on Badger Meter (BMI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Badger Meter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Badger Meter and related companies with MarketBeat.com's FREE daily email newsletter.