Badger Meter (NYSE:BMI) Releases Earnings Results

Badger Meter (NYSE:BMI - Get Free Report) posted its quarterly earnings results on Tuesday. The scientific and technical instruments company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.02), Briefing.com reports. The business had revenue of $238.10 million during the quarter, compared to analyst estimates of $235.38 million. Badger Meter had a net margin of 15.53% and a return on equity of 21.57%. The firm's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.12 earnings per share.

Badger Meter Price Performance

Badger Meter stock traded down $2.04 during mid-day trading on Thursday, hitting $189.97. 435,686 shares of the company were exchanged, compared to its average volume of 258,841. The business's 50 day simple moving average is $242.55 and its two-hundred day simple moving average is $219.61. The company has a market capitalization of $5.60 billion, a P/E ratio of 41.37, a PEG ratio of 2.91 and a beta of 0.83. Badger Meter has a 12-month low of $162.17 and a 12-month high of $256.08.

Badger Meter Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Friday, May 23rd. Badger Meter's payout ratio is 29.63%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BMI shares. Stifel Nicolaus set a $233.00 price objective on Badger Meter and gave the company a "hold" rating in a research note on Monday. Royal Bank Of Canada dropped their price objective on Badger Meter from $284.00 to $264.00 and set an "outperform" rating for the company in a research note on Wednesday. Argus set a $240.00 price objective on Badger Meter in a research note on Thursday, April 24th. Robert W. Baird raised their price objective on Badger Meter from $216.00 to $219.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Raymond James Financial began coverage on Badger Meter in a research note on Tuesday, June 3rd. They issued a "market perform" rating for the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $240.20.

Hedge Funds Weigh In On Badger Meter

A hedge fund recently bought a new stake in Badger Meter stock. Brighton Jones LLC acquired a new stake in Badger Meter, Inc. (NYSE:BMI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,068 shares of the scientific and technical instruments company's stock, valued at approximately $227,000. Hedge funds and other institutional investors own 89.01% of the company's stock.

Badger Meter Company Profile

Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities market. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives.