News coverage about Badger Meter (NYSE:BMI) has been trending somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Badger Meter earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the scientific and technical instruments company an impact score of 46.4275782035336 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Badger Meter Inc.: Badger Meter Announces Second Quarter Conference Call (twst.com)
- Badger Meter Joins AT&T Smart City Alliance (markets.financialcontent.com)
- $111.56 Million in Sales Expected for Badger Meter, Inc. (BMI) This Quarter (americanbankingnews.com)
BMI has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Badger Meter from a “buy” rating to a “hold” rating in a report on Tuesday, April 10th. Canaccord Genuity downgraded shares of Badger Meter from a “hold” rating to a “sell” rating and cut their price target for the company from $48.00 to $42.00 in a report on Tuesday, February 27th. ValuEngine downgraded shares of Badger Meter from a “buy” rating to a “hold” rating in a report on Friday, June 8th. Stifel Nicolaus reiterated a “hold” rating and set a $41.00 price target (down from $49.00) on shares of Badger Meter in a report on Thursday, April 19th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Badger Meter in a report on Wednesday, April 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Badger Meter currently has an average rating of “Hold” and a consensus target price of $49.40.
Badger Meter (NYSE:BMI) last issued its earnings results on Tuesday, April 17th. The scientific and technical instruments company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.11). The company had revenue of $105.04 million during the quarter, compared to the consensus estimate of $107.17 million. Badger Meter had a return on equity of 12.11% and a net margin of 8.22%. Badger Meter’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 earnings per share. sell-side analysts anticipate that Badger Meter will post 1.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.16%. Badger Meter’s dividend payout ratio is currently 43.70%.
In other Badger Meter news, CFO Richard E. Johnson sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $44.76, for a total value of $447,600.00. Following the transaction, the chief financial officer now directly owns 95,982 shares in the company, valued at approximately $4,296,154.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is owned by corporate insiders.
About Badger Meter
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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