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Wall Street brokerages expect Badger Meter, Inc. (NYSE: BMI) to post earnings of $ 0.48 per share for the current fiscal quarter, Zacks reports. Two analysts have released estimates for Badger Meter’s earnings, with the highest EPS estimate at $ 0.48 and the lower estimate at $ 0.47. Badger Meter posted earnings per share of $ 0.33 in the same quarter last year, which would suggest a positive year-over-year growth rate of 45.5%. The company is expected to release its next results on Thursday, July 15.
On average, analysts expect Badger Meter to report annual earnings of $ 1.95 per share for the current fiscal year, with EPS estimates ranging from $ 1.90 to $ 2.00. For next year, analysts predict the company will post earnings of $ 2.08 per share, with EPS estimates ranging from $ 1.97 to $ 2.18. Zacks Investment Research’s BPA calculations are an average based on a survey of seller-side research companies that track Badger Meter.
Badger Meter (NYSE: BMI) last released its quarterly results on Monday, April 19. The science and engineering instruments company reported EPS of $ 0.47 for the quarter, beating the Zacks consensus estimate of $ 0.42 by $ 0.05. The company posted revenue of $ 117.84 million for the quarter, compared to analysts’ expectations of $ 120.40 million. Badger Meter had a net margin of 11.79% and a return on equity of 14.40%. The company’s quarterly revenue is up 8.6% from the same quarter last year. In the same quarter of the previous year, the company posted earnings per share of $ 0.41.
BMI has been the subject of a number of research analyst reports. Zacks Investment Research raised Badger Meter’s shares from a “strong sell” rating to a “conservation” rating and set a price target of $ 100.00 on the stock in a research report released on Tuesday March 23. Morgan Stanley began covering Badger Meter shares in a research report on Wednesday, March 31. They set an “underweight” rating and a price target of $ 95.00 on the stock.
Several hedge funds have recently increased or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in Badger Meter shares in the 4th quarter valued at approximately $ 31,000. In the first quarter, Banque Cantonale Vaudoise took a new equity stake in Badger Meter for an amount of approximately $ 52,000. Close Asset Management Ltd acquired a new stake in Badger Meter shares in the 1st quarter valued at approximately $ 54,000. Veriti Management LLC acquired a new stake in Badger Meter shares in the fourth quarter valued at approximately $ 98,000. Finally, Captrust Financial Advisors increased its stake in Badger Meter shares by 1,397.3% in the first quarter. Captrust Financial Advisors now owns 1,123 shares of the S&T company valued at $ 105,000 after acquiring an additional 1,048 shares in the last quarter. 85.13% of the shares are currently held by institutional investors.
BMI shares opened at $ 95.66 on Wednesday. The company has a market cap of $ 2.79 billion, a PE ratio of 54.35 and a beta of 0.76. The company’s fifty-day moving average price is $ 94.00. Badger Meter has a 12 month low of $ 59.53 and a 12 month high of $ 111.77.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 11. Shareholders of record on Friday, May 28 received a dividend of $ 0.18 per share. The ex-dividend date of this dividend was Thursday, May 27. This represents a dividend of $ 0.72 on an annualized basis and a dividend yield of 0.75%. Badger Meter’s dividend payout ratio (DPR) is currently 42.60%.
Badger Meter Company Profile
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, as well as related radio and software technologies and services to municipal water utilities.
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