FY2024 EPS Estimates for Badger Meter Increased by Analyst

Badger Meter, Inc. (NYSE:BMI) – Research analysts at Seaport Res Ptn raised their FY2024 earnings estimates for shares of Badger Meter in a research note issued on Thursday, October 17th. Seaport Res Ptn analyst S. Graham now forecasts that the scientific and technical instruments company will post earnings per share of $4.20 for the year, up from their prior forecast of $4.15. The consensus estimate for Badger Meter’s current full-year earnings is $4.10 per share. Seaport Res Ptn also issued estimates for Badger Meter’s Q1 2025 earnings at $1.12 EPS, Q3 2025 earnings at $1.26 EPS, Q4 2025 earnings at $1.13 EPS, Q1 2026 earnings at $1.23 EPS, Q2 2026 earnings at $1.39 EPS, Q3 2026 earnings at $1.36 EPS and FY2026 earnings at $5.22 EPS.

Badger Meter (NYSE:BMI) last released its quarterly earnings data on Thursday, October 17th. The scientific and technical instruments company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.03). The company had revenue of $208.44 million during the quarter, compared to analysts’ expectations of $212.08 million. Badger Meter had a return on equity of 21.42% and a net margin of 14.44%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 EPS.

A number of other analysts have also weighed in on BMI. Maxim Group increased their price objective on Badger Meter from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Friday. Robert W. Baird increased their price target on shares of Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a research report on Friday. Argus boosted their price objective on shares of Badger Meter from $204.00 to $218.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Stifel Nicolaus upped their price objective on shares of Badger Meter from $189.00 to $203.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Finally, StockNews.com cut Badger Meter from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Four 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $214.75.

Badger Meter Price Performance

BMI opened at $207.66 on Monday. The stock’s 50 day simple moving average is $209.57 and its 200 day simple moving average is $195.34. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 59.84, a PEG ratio of 3.07 and a beta of 0.77. Badger Meter has a 1 year low of $134.06 and a 1 year high of $230.76.

Institutional Investors Weigh In On Badger Meter

Several hedge funds have recently made changes to their positions in BMI. Vanguard Group Inc. lifted its position in Badger Meter by 0.6% during the first quarter. Vanguard Group Inc. now owns 3,674,493 shares of the scientific and technical instruments company’s stock valued at $594,570,000 after buying an additional 22,707 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Badger Meter by 7.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 337,391 shares of the scientific and technical instruments company’s stock worth $62,873,000 after acquiring an additional 22,160 shares in the last quarter. Principal Financial Group Inc. lifted its position in Badger Meter by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 160,359 shares of the scientific and technical instruments company’s stock valued at $25,948,000 after acquiring an additional 2,095 shares during the period. Driehaus Capital Management LLC boosted its stake in Badger Meter by 66.4% during the second quarter. Driehaus Capital Management LLC now owns 128,651 shares of the scientific and technical instruments company’s stock worth $23,974,000 after acquiring an additional 51,318 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Badger Meter by 47.1% during the second quarter. Renaissance Technologies LLC now owns 126,100 shares of the scientific and technical instruments company’s stock worth $23,499,000 after acquiring an additional 40,400 shares in the last quarter. 89.01% of the stock is currently owned by institutional investors.

Insider Transactions at Badger Meter

In related news, VP Kimberly K. Stoll sold 1,097 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $205.00, for a total transaction of $224,885.00. Following the transaction, the vice president now owns 3,861 shares in the company, valued at $791,505. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Badger Meter Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were issued a $0.34 dividend. The ex-dividend date was Friday, August 23rd. This is a positive change from Badger Meter’s previous quarterly dividend of $0.27. This represents a $1.36 annualized dividend and a yield of 0.65%. Badger Meter’s dividend payout ratio is 39.19%.

Badger Meter Company Profile

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.