Media stories about Badger Meter (NYSE:BMI) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Badger Meter earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave headlines about the scientific and technical instruments company an impact score of 46.4819353463627 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
BMI stock opened at $42.80 on Friday. Badger Meter has a 1 year low of $37.78 and a 1 year high of $52.10. The company has a market capitalization of $1.25 billion, a P/E ratio of 35.97 and a beta of 0.67.
Get Badger Meter alerts:Badger Meter (NYSE:BMI) last posted its earnings results on Tuesday, April 17th. The scientific and technical instruments company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.11). Badger Meter had a net margin of 8.22% and a return on equity of 12.11%. The company had revenue of $105.04 million during the quarter, compared to analysts’ expectations of $107.17 million. During the same period in the previous year, the company posted $0.30 EPS. Badger Meter’s quarterly revenue was up 3.4% compared to the same quarter last year. equities analysts forecast that Badger Meter will post 1.37 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 31st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Wednesday, May 30th. Badger Meter’s payout ratio is currently 43.70%.
Several brokerages have recently commented on BMI. ValuEngine lowered Badger Meter from a “buy” rating to a “hold” rating in a research note on Tuesday, April 24th. Robert W. Baird decreased their price target on Badger Meter from $48.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, April 19th. Boenning Scattergood reissued a “hold” rating on shares of Badger Meter in a research note on Wednesday, April 18th. Stifel Nicolaus reissued a “hold” rating and set a $41.00 price target (down previously from $49.00) on shares of Badger Meter in a research note on Thursday, April 19th. Finally, Canaccord Genuity reissued a “sell” rating and set a $42.00 price target on shares of Badger Meter in a research note on Wednesday, April 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $49.40.
In related news, Chairman Richard A. Meeusen sold 13,130 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $48.78, for a total value of $640,481.40. Following the sale, the chairman now owns 105,992 shares of the company’s stock, valued at approximately $5,170,289.76. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Kimberly K. Stoll sold 2,040 shares of the business’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $48.47, for a total value of $98,878.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,593 shares of company stock worth $1,755,413. 2.80% of the stock is owned by corporate insiders.
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.
No comments:
Post a Comment