Q4 2017 EPS Estimates for Badger Meter, Inc. Reduced by Analyst (BMI)

Badger Meter, Inc. (NYSE:BMI) – Research analysts at Boenning Scattergood dropped their Q4 2017 earnings per share (EPS) estimates for Badger Meter in a report issued on Tuesday. Boenning Scattergood analyst R. Connors now anticipates that the scientific and technical instruments company will post earnings per share of $0.25 for the quarter, down from their previous forecast of $0.28. Boenning Scattergood currently has a “Hold” rating on the stock.

Badger Meter (NYSE:BMI) last announced its earnings results on Monday, October 16th. The scientific and technical instruments company reported $0.27 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 the consensus estimate of $102.86 million. Badger Meter had a net margin of 8.39% and a return on equity of 12.76%. Badger Meter’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 EPS.

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Several other research firms have also commented on BMI. BidaskClub raised Badger Meter from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Stifel Nicolaus initiated coverage on Badger Meter in a research report on Monday, September 18th. They issued a “hold” rating and a $43.00 price target for the company. Zacks Investment Research lowered Badger Meter from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Sidoti boosted their price target on Badger Meter from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $40.00 price target on shares of Badger Meter in a research report on Friday, October 6th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $48.00.

Shares of Badger Meter (NYSE BMI) traded down 0.78% during midday trading on Wednesday, reaching $44.25. The company had a trading volume of 92,849 shares. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 37.50 and a beta of 0.56. Badger Meter has a 1-year low of $29.30 and a 1-year high of $52.10. The firm’s 50 day moving average price is $47.65 and its 200-day moving average price is $42.21.

A number of hedge funds have recently made changes to their positions in BMI. UBS Asset Management Americas Inc. grew its stake in Badger Meter by 13.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 523,197 shares of the scientific and technical instruments company’s stock worth $19,227,000 after buying an additional 61,675 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Badger Meter by 4.6% during the 1st quarter. Ameriprise Financial Inc. now owns 152,754 shares of the scientific and technical instruments company’s stock worth $5,613,000 after buying an additional 6,725 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in Badger Meter by 833.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 130,818 shares of the scientific and technical instruments company’s stock worth $4,808,000 after buying an additional 116,803 shares during the last quarter. Mason Street Advisors LLC grew its stake in Badger Meter by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 6,807 shares of the scientific and technical instruments company’s stock worth $250,000 after buying an additional 446 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Badger Meter by 1.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,106 shares of the scientific and technical instruments company’s stock worth $262,000 after buying an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 83.96% of the company’s stock.

In other news, VP Kimberly K. Stoll sold 2,830 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $45.01, for a total value of $127,378.30. Following the completion of the transaction, the vice president now directly owns 12,223 shares of the company’s stock, valued at approximately $550,157.23. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Beverly L. P. Smiley sold 7,550 shares of the business’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 owns 56,449 shares in the company, valued at $2,554,881.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,340 shares of company stock valued at $2,859,651. Corporate insiders own 4.50% of the company’s stock.

Badger Meter Company Profile

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.

Earnings History and Estimates for Badger Meter (NYSE:BMI)

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