Zacks: Analysts Expect Badger Meter, Inc. (BMI) Will Post Quarterly Sales of $105.21 Million

Wall Street analysts forecast that Badger Meter, Inc. (NYSE:BMI) will announce sales of $105.21 million for the current quarter, Zacks reports. Three analysts have provided estimates for Badger Meter’s earnings. The highest sales estimate is $106.32 million and the lowest is $104.20 million. Badger Meter posted sales of $96.65 million during the same quarter last year, which suggests a positive year-over-year growth rate of 8.9%. The firm is expected to announce its next quarterly earnings report on Monday, February 4th.

According to Zacks, analysts expect that Badger Meter will report full year sales of $434.52 million for the current financial year, with estimates ranging from $433.50 million to $435.63 million. For the next financial year, analysts expect that the business will post sales of $460.50 million, with estimates ranging from $459.70 million to $461.77 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Badger Meter.

Badger Meter (NYSE:BMI) last announced its quarterly earnings results on Wednesday, October 17th. The scientific and technical instruments company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.05. The company had revenue of $110.60 million during the quarter, compared to the consensus estimate of $109.67 million. Badger Meter had a net margin of 5.58% and a return on equity of 14.21%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share.

A number of brokerages have recently issued reports on BMI. Maxim Group began coverage on shares of Badger Meter in a research report on Monday, November 5th. They set a “buy” rating and a $65.00 price objective for the company. Zacks Investment Research raised shares of Badger Meter from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Tuesday, October 9th. Stifel Nicolaus boosted their price objective on shares of Badger Meter from $49.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, October 8th. Finally, Berenberg Bank began coverage on shares of Badger Meter in a research report on Wednesday, October 3rd. They set a “sell” rating and a $43.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Badger Meter currently has a consensus rating of “Hold” and a consensus target price of $50.83.

Shares of BMI traded up $0.88 on Friday, hitting $52.99. 223 shares of the stock traded hands, compared to its average volume of 106,279. Badger Meter has a one year low of $41.00 and a one year high of $56.40. The company has a market capitalization of $1.52 billion, a P/E ratio of 44.18, a price-to-earnings-growth ratio of 3.85 and a beta of 0.70.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, November 29th. Badger Meter’s payout ratio is 50.42%.

In related news, VP Richard E. Johnson sold 19,000 shares of Badger Meter stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $50.43, for a total transaction of $958,170.00. Following the transaction, the vice president now owns 56,982 shares in the company, valued at approximately $2,873,602.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Gregory M. Gomez sold 6,000 shares of Badger Meter stock in a transaction on Monday, August 27th. The shares were sold at an average price of $54.82, for a total transaction of $328,920.00. Following the transaction, the vice president now owns 17,016 shares in the company, valued at approximately $932,817.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,430 shares of company stock valued at $2,408,814. Insiders own 2.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. FMR LLC purchased a new stake in shares of Badger Meter during the 3rd quarter valued at about $153,000. BlueMountain Capital Management LLC purchased a new stake in shares of Badger Meter during the 3rd quarter valued at about $163,000. Ibex Investors LLC purchased a new stake in shares of Badger Meter during the 3rd quarter valued at about $200,000. Ellenbecker Investment Group purchased a new stake in shares of Badger Meter during the 3rd quarter valued at about $203,000. Finally, Amalgamated Bank purchased a new stake in shares of Badger Meter during the 2nd quarter valued at about $209,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Badger Meter Company Profile

Badger Meter, Inc provides flow measurement, control, and communication solutions worldwide. It offers mechanical and electronic water meters, and related technologies and services to municipal water utilities; and meters and valves to measure and control materials flowing through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases, as well as for use in water/wastewater, heating, ventilating and air conditioning, oil and gas, chemical and petrochemical, test and measurement, automotive aftermarket, and the concrete construction process industries.

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