Badger Meter - BMI Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Badger Meter in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BMI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BMI, but not buy additional shares or sell existing shares.
View BMI analyst ratings or view top-rated stocks.

3 Wall Street research analysts have issued twelve-month price objectives for Badger Meter's shares. Their BMI share price forecasts range from $80.00 to $93.00. On average, they expect the company's share price to reach $86.50 in the next year. This suggests that the stock has a possible downside of 29.0%.
View analysts price targets for BMI or view top-rated stocks among Wall Street analysts.

Badger Meter's stock was trading at $109.03 at the beginning of the year. Since then, BMI stock has increased by 11.7% and is now trading at $121.82.
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Badger Meter saw a increase in short interest in March. As of March 15th, there was short interest totaling 1,110,000 shares, an increase of 8.8% from the February 28th total of 1,020,000 shares. Based on an average daily volume of 130,500 shares, the short-interest ratio is presently 8.5 days. Approximately 3.8% of the company's stock are sold short.
View Badger Meter's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our BMI earnings forecast.

Badger Meter, Inc. (NYSE:BMI) released its quarterly earnings results on Friday, January, 27th. The scientific and technical instruments company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The scientific and technical instruments company earned $147.30 million during the quarter, compared to the consensus estimate of $142.90 million. Badger Meter had a trailing twelve-month return on equity of 15.73% and a net margin of 11.76%. The firm's revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 earnings per share.

Badger Meter declared a quarterly dividend on Friday, February 10th. Stockholders of record on Friday, February 24th will be paid a dividend of $0.225 per share on Friday, March 10th. This represents a $0.90 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Thursday, February 23rd.
Read our dividend analysis for BMI.

ETFs with the largest weight of Badger Meter (NYSE:BMI) stock in their portfolio include Invesco S&P SmallCap Information Technology ETF (PSCT), ProShares S&P Technology Dividend Aristocrats ETF (TDV), SPDR S&P Kensho Intelligent Structures ETF (SIMS), First Trust Water ETF (FIW), Dividend Performers ETF (IPDP), iShares MSCI Water Management Multisector ETF (IWTR), Invesco S&P Global Water Index ETF (CGW) and Global X Internet of Things Thematic ETF (SNSR).

Badger Meter (NYSE:BMI) pays an annual dividend of $0.90 per share and currently has a dividend yield of 0.75%. The company has been increasing its dividend for 30 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 39.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMI will have a dividend payout ratio of 32.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BMI.

Shares of Badger Meter split before market open on Friday, September 16th 2016. The 2-1 split was announced on Friday, August 12th 2016. The newly issued shares were issued to shareholders after the market closes on Thursday, September 15th 2016. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

21 employees have rated Badger Meter Chief Executive Officer Ken Bockhorst on Glassdoor.com. Ken Bockhorst has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Badger Meter investors own include A. O. Smith (AOS), Cisco Systems (CSCO), General Mills (GIS), Intel (INTC), Johnson & Johnson (JNJ), Merck & Co., Inc. (MRK), Aflac (AFL), CVS Health (CVS), Ecolab (ECL) and Philip Morris International (PM).

Badger Meter trades on the New York Stock Exchange (NYSE) under the ticker symbol "BMI."

Shares of BMI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BMI stock can currently be purchased for approximately $121.82.

Badger Meter (NYSE:BMI) has a market capitalization of $3.57 billion and generates $565.57 million in revenue each year. The scientific and technical instruments company earns $66.50 million in net income (profit) each year or $2.27 on an earnings per share basis.

The company employs 1,976 workers across the globe.

Badger Meter's mailing address is 4545 WEST BROWN DEER ROAD, MILWAUKEE WI, 53223. The official website for the company is www.badgermeter.com. The scientific and technical instruments company can be reached via phone at (414) 355-0400, via email at investors@badgermeter.com, or via fax at 414-355-7499.