Badger Meter, Inc. (NYSE:BMI) will announce its earnings results after the market closes on Thursday, July 20th. Analysts expect the company to announce earnings of $0.35 per share for the quarter.
Badger Meter (NYSE:BMI) last released its quarterly earnings results on Wednesday, April 19th. The scientific and technical instruments company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Badger Meter had a net margin of 8.37% and a return on equity of 13.02%. The business had revenue of $101.60 million for the quarter, compared to the consensus estimate of $102.63 million. During the same period last year, the firm earned $0.55 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, analysts expect Badger Meter to post $1.24 EPS for the current fiscal year and $1.37 EPS for the next fiscal year.
Badger Meter, Inc. (NYSE:BMI) opened at 40.70 on Tuesday. The firm has a 50-day moving average of $39.49 and a 200 day moving average of $37.80. Badger Meter, Inc. has a 52-week low of $29.30 and a 52-week high of $41.70. The company has a market capitalization of $1.18 billion, a P/E ratio of 36.02 and a beta of 0.54.
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In other news, VP Richard E. Johnson sold 28,004 shares of the company’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $41.34, for a total value of $1,157,685.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Raymond G. Serdynski sold 2,500 shares of the company’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $40.58, for a total transaction of $101,450.00. The disclosure for this sale can be found here. Insiders sold a total of 120,908 shares of company stock worth $4,908,212 over the last ninety days. Insiders own 4.50% of the company’s stock.
BMI has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Badger Meter from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Canaccord Genuity reaffirmed a “hold” rating and issued a $37.00 price objective on shares of Badger Meter in a report on Wednesday, May 24th. Sidoti reaffirmed a “buy” rating and issued a $52.00 price objective (up from $50.00) on shares of Badger Meter in a report on Monday, June 19th. Finally, BidaskClub downgraded shares of Badger Meter from a “buy” rating to a “hold” rating in a report on Thursday, June 15th.
About Badger Meter
Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers around the world. The Company’s products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.
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