Badger Meter, Inc. (NYSE:BMI) – Investment analysts at Boenning Scattergood raised their Q1 2018 earnings estimates for shares of Badger Meter in a report released on Tuesday. Boenning Scattergood analyst R. Connors now anticipates that the scientific and technical instruments company will earn $0.40 per share for the quarter, up from their prior forecast of $0.31. Boenning Scattergood also issued estimates for Badger Meter’s Q2 2018 earnings at $0.45 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.31 EPS and FY2018 earnings at $1.55 EPS.

Several other analysts also recently weighed in on the company. Zacks Investment Research upgraded Badger Meter from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 target price on shares of Badger Meter in a research report on Thursday, December 14th. Finally, Robert W. Baird restated a “hold” rating and issued a $44.00 price objective on shares of Badger Meter in a report on Tuesday, October 17th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $51.60.

Shares of Badger Meter (NYSE:BMI) opened at $47.55 on Thursday. Badger Meter has a 52-week low of $34.40 and a 52-week high of $52.10. The firm has a market capitalization of $1,394.48, a price-to-earnings ratio of 40.59 and a beta of 0.64.

Badger Meter (NYSE:BMI) last released its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Badger Meter had a return on equity of 12.78% and a net margin of 8.59%. The business had revenue of $96.65 million during the quarter, compared to the consensus estimate of $98.08 million. During the same period last year, the company earned $0.21 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year.

Several hedge funds have recently added to or reduced their stakes in BMI. Schwab Charles Investment Management Inc. grew its stake in Badger Meter by 5.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 123,181 shares of the scientific and technical instruments company’s stock valued at $4,909,000 after purchasing an additional 6,640 shares during the last quarter. Alliancebernstein L.P. grew its stake in Badger Meter by 0.6% in the second quarter. Alliancebernstein L.P. now owns 58,269 shares of the scientific and technical instruments company’s stock valued at $2,322,000 after purchasing an additional 361 shares during the last quarter. Teachers Advisors LLC grew its stake in Badger Meter by 7.9% in the second quarter. Teachers Advisors LLC now owns 56,560 shares of the scientific and technical instruments company’s stock valued at $2,254,000 after purchasing an additional 4,142 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in Badger Meter by 14.1% in the second quarter. TIAA CREF Investment Management LLC now owns 101,102 shares of the scientific and technical instruments company’s stock valued at $4,029,000 after purchasing an additional 12,483 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Badger Meter by 0.5% in the second quarter. Ameriprise Financial Inc. now owns 153,577 shares of the scientific and technical instruments company’s stock valued at $6,120,000 after purchasing an additional 823 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

In related news, VP Fred J. Begale sold 2,000 shares of Badger Meter stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $45.60, for a total value of $91,200.00. Following the completion of the sale, the vice president now directly owns 7,609 shares in the company, valued at $346,970.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard E. Johnson sold 7,200 shares of Badger Meter stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $45.55, for a total value of $327,960.00. Following the completion of the sale, the chief financial officer now owns 105,976 shares of the company’s stock, valued at $4,827,206.80. The disclosure for this sale can be found here. Insiders own 4.50% of the company’s stock.

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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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