Badger Meter (NYSE:BMI) Announces Quarterly Earnings Results

Badger Meter (NYSE:BMI) posted its quarterly earnings data on Friday. The scientific and technical instruments company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03, Zacks reports. Badger Meter had a return on equity of 21.56% and a net margin of 14.80%.

Badger Meter Stock Performance

Shares of NYSE BMI traded up $9.20 during trading hours on Friday, hitting $217.78. The stock had a trading volume of 242,268 shares, compared to its average volume of 194,226. The company has a market capitalization of $6.40 billion, a P/E ratio of 53.89, a P/E/G ratio of 2.31 and a beta of 0.79. The firm’s 50-day moving average price is $217.53 and its two-hundred day moving average price is $210.99. Badger Meter has a 52 week low of $139.50 and a 52 week high of $239.11.

Badger Meter Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were issued a $0.34 dividend. The ex-dividend date was Friday, November 22nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.62%. Badger Meter’s dividend payout ratio is 33.75%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BMI shares. Stifel Nicolaus boosted their price objective on Badger Meter from $203.00 to $208.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Robert W. Baird upped their target price on Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Maxim Group upped their target price on Badger Meter from $216.00 to $235.00 and gave the company a “buy” rating in a report on Friday, October 18th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $216.00.

About Badger Meter

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.