Analysts expect Badger Meter, Inc. (NYSE:BMI) to announce sales of $105.47 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Badger Meter’s earnings. The highest sales estimate is $106.32 million and the lowest is $105.00 million. Badger Meter reported sales of $96.65 million during the same quarter last year, which indicates a positive year over year growth rate of 9.1%. The business is expected to issue its next quarterly earnings report before the market opens on Tuesday, February 5th.

On average, analysts expect that Badger Meter will report full year sales of $434.78 million for the current financial year, with estimates ranging from $434.30 million to $435.63 million. For the next fiscal year, analysts expect that the firm will post sales of $460.33 million, with estimates ranging from $459.20 million to $461.77 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Badger Meter.

Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Wednesday, October 17th. The scientific and technical instruments company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.05. Badger Meter had a return on equity of 14.21% and a net margin of 5.58%. The firm had revenue of $110.60 million during the quarter, compared to the consensus estimate of $109.67 million. During the same period in the previous year, the firm posted $0.27 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year.

BMI has been the subject of several research reports. Berenberg Bank initiated coverage on Badger Meter in a research report on Wednesday, October 3rd. They set a “sell” rating and a $43.00 price objective for the company. Zacks Investment Research raised shares of Badger Meter from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Tuesday, October 9th. Stifel Nicolaus lifted their target price on shares of Badger Meter from $49.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, October 8th. Finally, Maxim Group assumed coverage on shares of Badger Meter in a research note on Monday, November 5th. They issued a “buy” rating and a $65.00 target price for the company. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $50.33.

In other news, VP Beverly L. P. Smiley sold 3,302 shares of the business’s stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $53.53, for a total transaction of $176,756.06. Following the completion of the sale, the vice president now directly owns 53,156 shares of the company’s stock, valued at approximately $2,845,440.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Horst Gras sold 2,250 shares of the business’s stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $53.57, for a total transaction of $120,532.50. Following the sale, the vice president now directly owns 12,650 shares of the company’s stock, valued at $677,660.50. The disclosure for this sale can be found here. Insiders have sold a total of 50,982 shares of company stock valued at $2,594,863 over the last three months. Corporate insiders own 2.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in Badger Meter by 5.3% during the 3rd quarter. BlackRock Inc. now owns 4,241,678 shares of the scientific and technical instruments company’s stock worth $224,597,000 after purchasing an additional 213,187 shares during the period. Vanguard Group Inc. boosted its position in Badger Meter by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,105,545 shares of the scientific and technical instruments company’s stock worth $164,438,000 after purchasing an additional 76,731 shares during the period. Vanguard Group Inc boosted its position in Badger Meter by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 3,105,545 shares of the scientific and technical instruments company’s stock worth $164,438,000 after purchasing an additional 76,731 shares during the period. Dimensional Fund Advisors LP boosted its position in Badger Meter by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,140,117 shares of the scientific and technical instruments company’s stock worth $60,369,000 after purchasing an additional 3,011 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in Badger Meter by 4.2% in the 3rd quarter. Wells Fargo & Company MN now owns 715,791 shares of the scientific and technical instruments company’s stock worth $37,901,000 after buying an additional 28,992 shares in the last quarter. 84.64% of the stock is owned by institutional investors.

Shares of Badger Meter stock traded down $0.05 during trading on Friday, hitting $51.35. 70,800 shares of the company were exchanged, compared to its average volume of 107,563. Badger Meter has a fifty-two week low of $41.00 and a fifty-two week high of $57.12. The company has a market capitalization of $1.47 billion, a P/E ratio of 43.08, a P/E/G ratio of 3.22 and a beta of 0.82.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Stockholders of record on Friday, November 30th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 1.17%. Badger Meter’s dividend payout ratio is presently 50.42%.

About Badger Meter

Badger Meter, Inc provides flow measurement, control, and communication solutions worldwide. It offers mechanical and electronic water meters, and related technologies and services to municipal water utilities; and meters and valves to measure and control materials flowing through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases, as well as for use in water/wastewater, heating, ventilating and air conditioning, oil and gas, chemical and petrochemical, test and measurement, automotive aftermarket, and the concrete construction process industries.

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