Badger Meter (BMI) to Post Quarterly Earnings on Friday

Badger Meter (NYSE:BMI) is expected to post its quarterly earnings results before the market opens on Friday, January 31st. Analysts expect Badger Meter to post earnings of $1.01 per share and revenue of $202.75 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Badger Meter Stock Up 0.7 %

Shares of Badger Meter stock opened at $208.80 on Thursday. Badger Meter has a 12-month low of $139.50 and a 12-month high of $239.11. The firm has a market capitalization of $6.14 billion, a PE ratio of 51.81, a price-to-earnings-growth ratio of 2.42 and a beta of 0.79. The stock’s fifty day moving average is $217.74 and its 200-day moving average is $211.01.

Badger Meter Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.34 per share. The ex-dividend date was Friday, November 22nd. This represents a $1.36 annualized dividend and a yield of 0.65%. Badger Meter’s payout ratio is presently 33.75%.

Analyst Upgrades and Downgrades

BMI has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on shares of Badger Meter from $203.00 to $208.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Maxim Group raised their price objective on shares of Badger Meter from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Robert W. Baird boosted their target price on shares of Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.