Badger Meter (BMI) Earns News Sentiment Rating of 0.10

Headlines about Badger Meter (NYSE:BMI) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Badger Meter earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the scientific and technical instruments company an impact score of 46.2867802505599 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern’s rankings:

A number of analysts have weighed in on BMI shares. Stifel Nicolaus restated a “hold” rating and set a $43.00 target price (down previously from $49.00) on shares of Badger Meter in a report on Tuesday, October 17th. Robert W. Baird restated a “hold” rating and set a $44.00 target price on shares of Badger Meter in a report on Tuesday, October 17th. Canaccord Genuity restated a “hold” rating and set a $40.00 target price on shares of Badger Meter in a report on Friday, October 6th. Zacks Investment Research lowered Badger Meter from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, BidaskClub upgraded Badger Meter from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $48.00.

Badger Meter (NYSE:BMI) opened at $45.45 on Thursday. The stock has a market capitalization of $1,326.07, a price-to-earnings ratio of 39.96 and a beta of 0.67. Badger Meter has a 12-month low of $34.40 and a 12-month high of $52.10.

Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Monday, October 16th. The scientific and technical instruments company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.08). The business had revenue of $100.00 million for the quarter, compared to analyst estimates of $102.86 million. Badger Meter had a return on equity of 12.62% and a net margin of 8.39%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. research analysts predict that Badger Meter will post 1.18 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, November 29th. Badger Meter’s payout ratio is presently 45.61%.

In related news, VP Beverly L. P. Smiley sold 7,550 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $45.26, for a total value of $341,713.00. Following the transaction, the vice president now directly owns 56,449 shares of the company’s stock, valued at approximately $2,554,881.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Richard E. Johnson sold 7,200 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $45.55, for a total value of $327,960.00. Following the completion of the transaction, the chief financial officer now directly owns 105,976 shares in the company, valued at $4,827,206.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,750 shares of company stock worth $760,873. Insiders own 4.50% of the company’s stock.

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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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