News coverage about Badger Meter (NYSE:BMI) has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Badger Meter earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the scientific and technical instruments company an impact score of 45.4452590212974 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Badger Meter Hits 52-Week High on Large Metering Projects (finance.yahoo.com)
- Badger Meter, Inc. (BMI) Scheduled to Post Quarterly Earnings on Monday (americanbankingnews.com)
- Badger Meter, Inc. (BMI) Stock Rating Reaffirmed by Canaccord Genuity (americanbankingnews.com)
- $103.94 Million in Sales Expected for Badger Meter, Inc. (BMI) This Quarter (americanbankingnews.com)
- Sidoti Boosts Badger Meter, Inc. (BMI) Price Target to $65.00 (americanbankingnews.com)
Badger Meter (NYSE BMI) traded up 0.78% during mid-day trading on Wednesday, hitting $51.55. 138,361 shares of the stock traded hands. Badger Meter has a 12 month low of $29.30 and a 12 month high of $52.10. The stock’s 50 day moving average is $46.99 and its 200-day moving average is $41.88. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 43.69 and a beta of 0.56.
Badger Meter (NYSE:BMI) last announced its earnings results on Thursday, July 20th. The scientific and technical instruments company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. Badger Meter had a net margin of 8.67% and a return on equity of 13.19%. The firm had revenue of $104.17 million for the quarter, compared to analyst estimates of $108.02 million. During the same quarter last year, the business earned $0.65 earnings per share. Badger Meter’s revenue was up .3% compared to the same quarter last year. On average, equities research analysts anticipate that Badger Meter will post $1.28 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, August 29th. This represents a $0.52 dividend on an annualized basis and a yield of 1.01%. This is a positive change from Badger Meter’s previous quarterly dividend of $0.12. Badger Meter’s dividend payout ratio (DPR) is 44.44%.
Several analysts have recently commented on BMI shares. Stifel Nicolaus started coverage on shares of Badger Meter in a research report on Monday, September 18th. They set a “hold” rating and a $43.00 price target on the stock. Canaccord Genuity reaffirmed a “hold” rating and set a $40.00 price target on shares of Badger Meter in a research report on Friday, October 6th. Sidoti lifted their price target on shares of Badger Meter from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. Zacks Investment Research lowered shares of Badger Meter from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Badger Meter in a research report on Friday, July 21st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $49.33.
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In other Badger Meter news, VP Beverly L. P. Smiley sold 7,550 shares of Badger Meter stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $45.26, for a total value of $341,713.00. Following the transaction, the vice president now owns 56,449 shares in the company, valued at approximately $2,554,881.74. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Kimberly K. Stoll sold 2,830 shares of Badger Meter stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $45.01, for a total transaction of $127,378.30. Following the completion of the transaction, the vice president now owns 12,223 shares in the company, valued at approximately $550,157.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,340 shares of company stock worth $2,859,651. 4.50% of the stock is owned by company insiders.
Badger Meter Company Profile
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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