Badger Meter (NYSE:BMI) announced its quarterly earnings data on Thursday. The scientific and technical instruments company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.01, Bloomberg Earnings reports. Badger Meter had a net margin of 8.57% and a return on equity of 15.45%. The firm had revenue of $108.60 million for the quarter, compared to the consensus estimate of $110.39 million. During the same period in the previous year, the firm posted $0.46 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis.
NYSE BMI traded up $1.47 during trading on Thursday, reaching $52.81. The company’s stock had a trading volume of 10,908 shares, compared to its average volume of 158,816. The stock has a market capitalization of $1.54 billion, a PE ratio of 34.43 and a beta of 0.80. The business has a 50-day moving average price of $52.97 and a 200-day moving average price of $54.55. Badger Meter has a 1-year low of $46.69 and a 1-year high of $61.57.
A number of research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Badger Meter from a “hold” rating to a “sell” rating and set a $60.00 price objective on the stock. in a research report on Tuesday, July 16th. Robert W. Baird set a $48.00 price objective on shares of Badger Meter and gave the company a “hold” rating in a research report on Friday, July 19th. Maxim Group reaffirmed a “buy” rating and set a $64.00 price objective on shares of Badger Meter in a research report on Wednesday. ValuEngine downgraded shares of Badger Meter from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Stifel Nicolaus lowered their price objective on shares of Badger Meter from $54.00 to $49.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $55.25.
Badger Meter Company Profile
Badger Meter, Inc provides flow measurement, control, and communication solutions worldwide. It offers mechanical and electronic water meters, and related technologies and services to municipal water utilities; and meters and valves to measure and control materials flowing through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases, as well as for use in water/wastewater, heating, ventilating and air conditioning, oil and gas, chemical and petrochemical, test and measurement, automotive aftermarket, and the concrete construction process industries.
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