How Have the Numbers Shaped Up for Badger Meter (NYSE:BMI)

Earnings results for Badger Meter (NYSE:BMI)

Badger Meter, Inc. is expected* to report earnings on 10/15/2021 before market open. The report will be for the fiscal Quarter ending Sep 2021. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.48. The reported EPS for the same quarter last year was $0.51.

Badger Meter last posted its quarterly earnings data on July 19th, 2021. The scientific and technical instruments company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. The company earned $122.87 million during the quarter, compared to the consensus estimate of $118.40 million. Its revenue for the quarter was up 34.8% compared to the same quarter last year. Badger Meter has generated $1.69 earnings per share over the last year ($1.91 diluted earnings per share) and currently has a price-to-earnings ratio of 52.8. Earnings for Badger Meter are expected to grow by 7.37% in the coming year, from $1.90 to $2.04 per share. Badger Meter has confirmed that its next quarterly earnings report will be published on Friday, October 15th, 2021. Badger Meter will be holding an earnings conference call on Friday, October 15th at 11:00 AM Eastern. Interested parties can register for or listen to the call..

Analyst Opinion on Badger Meter (NYSE:BMI)

According to the issued ratings of 3 analysts in the last year, the consensus rating for Badger Meter stock is Hold based on the current 1 sell rating and 2 hold ratings for BMI. The average twelve-month price target for Badger Meter is $86.50 with a high price target of $95.00 and a low price target of $78.00.
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on BMI’s analyst rating history

Badger Meter has received a consensus rating of Hold. The company’s average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $86.50, Badger Meter has a forecasted downside of 14.2% from its current price of $100.78. Badger Meter has received no research coverage in the past 90 days.

Dividend Strength: Badger Meter (NYSE:BMI)

Badger Meter has a dividend yield of 0.80%, which is in the bottom 25% of all stocks that pay dividends. Badger Meter has only been increasing its dividend for 1 years. The dividend payout ratio of Badger Meter is 47.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Badger Meter will have a dividend payout ratio of 39.22% next year. This indicates that Badger Meter will be able to sustain or increase its dividend.

Insiders buying/selling: Badger Meter (NYSE:BMI)

In the past three months, Badger Meter insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,605,311.00 in company stock. Only 0.80% of the stock of Badger Meter is held by insiders. 84.46% of the stock of Badger Meter is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Badger Meter (NYSE:BMI

Earnings for Badger Meter are expected to grow by 7.37% in the coming year, from $1.90 to $2.04 per share. The P/E ratio of Badger Meter is 52.76, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.75. The P/E ratio of Badger Meter is 52.76, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 39.14. Badger Meter has a P/B Ratio of 8.12. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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