Equities research analysts expect that Badger Meter, Inc. (NYSE:BMI) will post earnings of $0.40 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Badger Meter’s earnings. Badger Meter posted earnings of $0.37 per share during the same quarter last year, which would indicate a positive year over year growth rate of 8.1%. The firm is scheduled to report its next earnings results on Wednesday, April 15th.

On average, analysts expect that Badger Meter will report full-year earnings of $1.76 per share for the current fiscal year, with EPS estimates ranging from $1.74 to $1.77. For the next year, analysts expect that the company will report earnings of $1.88 per share, with EPS estimates ranging from $1.85 to $1.91. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Badger Meter.

Badger Meter (NYSE:BMI) last posted its earnings results on Wednesday, February 5th. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. The firm had revenue of $107.60 million during the quarter, compared to the consensus estimate of $108.39 million. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 EPS.

A number of equities research analysts have issued reports on the stock. ValuEngine downgraded shares of Badger Meter from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Canaccord Genuity cut shares of Badger Meter from a “hold” rating to a “sell” rating and set a $50.00 target price on the stock. in a research report on Thursday, January 2nd. Zacks Investment Research upgraded Badger Meter from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Monday, October 21st. Finally, Boenning Scattergood restated a “neutral” rating on shares of Badger Meter in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $55.60.

Shares of BMI traded up $0.39 during trading hours on Friday, reaching $69.11. 102,760 shares of the stock traded hands. Badger Meter has a 52 week low of $49.66 and a 52 week high of $69.35. The stock has a fifty day simple moving average of $63.67 and a 200 day simple moving average of $58.36.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 28th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.98%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its position in Badger Meter by 48.8% in the third quarter. Public Employees Retirement System of Ohio now owns 579 shares of the scientific and technical instruments company’s stock worth $31,000 after acquiring an additional 190 shares during the period. Signaturefd LLC grew its position in shares of Badger Meter by 968.8% during the 4th quarter. Signaturefd LLC now owns 684 shares of the scientific and technical instruments company’s stock valued at $44,000 after acquiring an additional 620 shares during the period. Aigen Investment Management LP bought a new position in shares of Badger Meter during the 4th quarter valued at approximately $45,000. Fieldpoint Private Securities LLC increased its stake in shares of Badger Meter by 50.2% during the 4th quarter. Fieldpoint Private Securities LLC now owns 928 shares of the scientific and technical instruments company’s stock worth $60,000 after purchasing an additional 310 shares during the last quarter. Finally, Citizens Financial Group Inc RI purchased a new stake in shares of Badger Meter during the 4th quarter worth approximately $65,000. Institutional investors own 87.90% of the company’s stock.

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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