Brokerages expect Badger Meter, Inc. (NYSE:BMI) to post sales of $108.68 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Badger Meter’s earnings. The lowest sales estimate is $107.66 million and the highest is $109.70 million. Badger Meter posted sales of $110.63 million in the same quarter last year, which suggests a negative year over year growth rate of 1.8%. The firm is expected to issue its next quarterly earnings results on Wednesday, October 16th.
On average, analysts expect that Badger Meter will report full year sales of $422.18 million for the current fiscal year, with estimates ranging from $419.00 million to $425.00 million. For the next year, analysts anticipate that the company will report sales of $441.78 million, with estimates ranging from $437.00 million to $446.05 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Badger Meter.
Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Thursday, July 18th. The scientific and technical instruments company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.08). The business had revenue of $103.54 million for the quarter, compared to analyst estimates of $117.11 million. Badger Meter had a return on equity of 15.45% and a net margin of 8.57%. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS.
Shares of BMI traded up $0.65 during mid-day trading on Thursday, hitting $53.41. 4,670 shares of the company’s stock were exchanged, compared to its average volume of 169,440. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 34.66 and a beta of 0.80. Badger Meter has a fifty-two week low of $46.69 and a fifty-two week high of $61.57. The stock’s 50-day moving average is $52.71 and its 200-day moving average is $55.12.
The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.17 dividend. This is a boost from Badger Meter’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.68 annualized dividend and a yield of 1.27%. Badger Meter’s dividend payout ratio (DPR) is 44.16%.
A number of large investors have recently modified their holdings of BMI. Advisory Services Network LLC raised its holdings in Badger Meter by 182.8% in the first quarter. Advisory Services Network LLC now owns 478 shares of the scientific and technical instruments company’s stock valued at $26,000 after acquiring an additional 309 shares in the last quarter. Stonebridge Capital Advisors LLC purchased a new position in Badger Meter in the second quarter valued at approximately $42,000. Krane Funds Advisors LLC purchased a new position in Badger Meter in the second quarter valued at approximately $62,000. Tortoise Capital Advisors L.L.C. increased its stake in Badger Meter by 2,426.4% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,339 shares of the scientific and technical instruments company’s stock valued at $80,000 after purchasing an additional 1,286 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Badger Meter by 761.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,646 shares of the scientific and technical instruments company’s stock valued at $98,000 after purchasing an additional 1,455 shares during the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.
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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