Badger Meter (NYSE:BMI – Get Free Report) issued its earnings results on Friday. The scientific and technical instruments company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.03 by $0.09, Briefing.com reports. The business had revenue of $216.70 million during the quarter, compared to analysts’ expectations of $203.39 million. Badger Meter had a return on equity of 20.26% and a net margin of 13.81%. Badger Meter’s revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 earnings per share.
Badger Meter Stock Performance
Badger Meter stock opened at $190.56 on Monday. The business’s 50-day simple moving average is $191.16 and its 200-day simple moving average is $170.93. The firm has a market capitalization of $5.60 billion, a PE ratio of 54.92, a PEG ratio of 2.89 and a beta of 0.78. Badger Meter has a 52 week low of $134.06 and a 52 week high of $202.81.
Badger Meter Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.08 annualized dividend and a yield of 0.57%. Badger Meter’s dividend payout ratio (DPR) is currently 31.12%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on Badger Meter
About Badger Meter
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.
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