Badger Meter, Inc. to Post Q3 2024 Earnings of $1.03 Per Share, Seaport Res Ptn Forecasts (NYSE:BMI)

Badger Meter, Inc. (NYSE:BMI) – Stock analysts at Seaport Res Ptn issued their Q3 2024 earnings per share (EPS) estimates for Badger Meter in a note issued to investors on Tuesday, September 10th. Seaport Res Ptn analyst S. Graham forecasts that the scientific and technical instruments company will post earnings of $1.03 per share for the quarter. The consensus estimate for Badger Meter’s current full-year earnings is $4.06 per share. Seaport Res Ptn also issued estimates for Badger Meter’s Q4 2024 earnings at $1.01 EPS, FY2024 earnings at $4.15 EPS, Q1 2025 earnings at $1.13 EPS, Q2 2025 earnings at $1.27 EPS, Q3 2025 earnings at $1.20 EPS, Q4 2025 earnings at $1.17 EPS and FY2025 earnings at $4.78 EPS.

Badger Meter (NYSE:BMI) last issued its earnings results on Friday, July 19th. The scientific and technical instruments company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.03 by $0.09. The firm had revenue of $216.70 million during the quarter, compared to the consensus estimate of $203.39 million. Badger Meter had a return on equity of 21.42% and a net margin of 14.44%. The business’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 earnings per share.

Several other research analysts also recently commented on the company. Argus boosted their target price on Badger Meter from $204.00 to $218.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Stifel Nicolaus boosted their target price on Badger Meter from $175.00 to $192.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Robert W. Baird upped their price objective on Badger Meter from $180.00 to $184.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Finally, StockNews.com downgraded Badger Meter from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $184.20.

Badger Meter Trading Up 2.6 %

Shares of NYSE BMI opened at $209.08 on Friday. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 58.70, a PEG ratio of 2.75 and a beta of 0.77. Badger Meter has a 12 month low of $134.06 and a 12 month high of $210.29. The stock has a 50-day moving average price of $197.73 and a two-hundred day moving average price of $184.00.

Institutional Investors Weigh In On Badger Meter

A number of large investors have recently bought and sold shares of the stock. Allianz Asset Management GmbH increased its holdings in shares of Badger Meter by 2.9% during the fourth quarter. Allianz Asset Management GmbH now owns 254,870 shares of the scientific and technical instruments company’s stock valued at $39,344,000 after acquiring an additional 7,094 shares in the last quarter. Vanguard Group Inc. increased its stake in Badger Meter by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 3,674,493 shares of the scientific and technical instruments company’s stock valued at $594,570,000 after purchasing an additional 22,707 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Badger Meter by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 288,004 shares of the scientific and technical instruments company’s stock worth $44,459,000 after buying an additional 4,766 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Badger Meter during the fourth quarter worth $1,069,000. Finally, Cim LLC bought a new position in shares of Badger Meter in the fourth quarter valued at $1,550,000. 89.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Kimberly K. Stoll sold 1,097 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $205.00, for a total transaction of $224,885.00. Following the completion of the sale, the vice president now directly owns 3,861 shares in the company, valued at $791,505. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.80% of the stock is owned by insiders.

Badger Meter Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.65%. This is an increase from Badger Meter’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, August 23rd. Badger Meter’s dividend payout ratio (DPR) is 39.19%.

Badger Meter Company Profile

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.