Badger Meter (BMI) Getting Somewhat Positive Media Coverage, Study Shows
Media coverage about Badger Meter (NYSE:BMI) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Badger Meter earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the scientific and technical instruments company an impact score of 48.2568902697824 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Analysts Offer Predictions for Badger Meter, Inc.’s FY2020 Earnings (BMI) (americanbankingnews.com)
- Badger Meter, Inc. to Issue Quarterly Dividend of $0.13 (BMI) (americanbankingnews.com)
- Woodward (WWD) Looks Good: Stock Adds 7.5% in Session (zacks.com)
- Badger Meter sales top $400 million for first time despite slower growth (biztimes.com)
- Blog Exposure – Garmin and Navico Resolve Three-Year Long Dispute; Set to Cross License Patents and Other Intellectual Properties (finance.yahoo.com)
Several research firms have recently commented on BMI. Robert W. Baird restated a “hold” rating and issued a $44.00 target price on shares of Badger Meter in a research note on Tuesday, October 17th. Stifel Nicolaus restated a “hold” rating and issued a $43.00 target price (down previously from $49.00) on shares of Badger Meter in a research note on Tuesday, October 17th. Finally, Zacks Investment Research upgraded shares of Badger Meter from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Thursday, January 18th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $51.60.
Badger Meter (NYSE:BMI) last released its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Badger Meter had a net margin of 8.59% and a return on equity of 12.78%. The company had revenue of $96.65 million during the quarter, compared to analysts’ expectations of $98.08 million. During the same quarter last year, the business earned $0.21 EPS. The business’s revenue was up 3.8% on a year-over-year basis. research analysts forecast that Badger Meter will post 1.6 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Tuesday, February 27th. Badger Meter’s dividend payout ratio (DPR) is 44.07%.
In related news, CFO Richard E. Johnson sold 7,200 shares of the firm’s 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 in the company, valued at $4,827,206.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Fred J. Begale sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $45.60, for a total transaction of $91,200.00. Following the completion of the sale, the vice president now owns 7,609 shares of the company’s stock, valued at approximately $346,970.40. The disclosure for this sale can be found here. 4.50% of the stock is owned by company insiders.
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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.
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