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Badger Meter (BMI)
NYSE:BMI
Holding BMI?
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BMI Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$134.06 - $217.68
Previous Close$211.82
Volume41.10K
Average Volume (3M)165.09K
Market Cap
$6.37B
Enterprise Value$6.00B
Total Cash (Recent Filing)$226.21M
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)55.8
Beta0.91
Next Earnings
Oct 17, 2024EPS Estimate
$1.02Last Dividend Ex-Date
Aug 23, 2024Dividend Yield0.54%
Share Statistics
EPS (TTM)3.83
Shares Outstanding29,411,720
10 Day Avg. Volume147,946
30 Day Avg. Volume165,085
Standard Deviation0.08
R-Squared0.26
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)11.06
Price to Sales (P/S)8.04
Price to Cash Flow (P/CF)43.10
P/FCF Ratio44.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue7.68
Enterprise Value/Gross Profit21.72
Enterprise Value/Ebitda34.93
Forecast
1Y Price Target
$206.80Price Target Upside-4.45% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Badger Meter News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceBadger Meter reported a strong 2Q24 operating beat with upside on sales and margins.
Market TrendsSecular trends, ongoing adoption of cellular and the associated BEACON annuity revenue stream, plus overall per endpoint average selling price lift are supportive.
Revenue GrowthBMI's Software-as-a-Service revenue increased 35.8% y/y in 2Q24 to 6.8% of revenue, and accelerated as BMI continues to focus on connecting water meters and other equipment to technology.
Bears Say
BacklogBMI's share price declined 1.8% that day due to, in our view, the company's comments about a 'normalizing backlog.'
Financial PerformanceNon-repeating elevated backlog conversion aided sales in the quarter and this dampened some of the initial enthusiasm.
Sales Growth2H sales growth rate to downshift, and operating margin expansion will also moderate.
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Ownership Overview
3.50% Insiders
23.32% Mutual Funds
51.01% Other Institutional Investors
22.18% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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BMI FAQ
What was Badger Meter’s price range in the past 12 months?
Badger Meter lowest stock price was $134.06 and its highest was $217.68 in the past 12 months.
What is Badger Meter’s market cap?
Currently, no data Available
When is Badger Meter’s upcoming earnings report date?
Badger Meter’s upcoming earnings report date is Oct 17, 2024 which is in 28 days.
How were Badger Meter’s earnings last quarter?
Badger Meter released its earnings results on Jul 19, 2024. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.028 by $0.092.
Is Badger Meter overvalued?
According to Wall Street analysts Badger Meter’s price is currently Overvalued.
Does Badger Meter pay dividends?
Badger Meter pays a Quarterly dividend of $0.34 which represents an annual dividend yield of 0.54%. See more information on Badger Meter dividends here
What is Badger Meter’s EPS estimate?
Badger Meter’s EPS estimate is $1.02.
How many shares outstanding does Badger Meter have?
Badger Meter has 29,411,720 shares outstanding.
What happened to Badger Meter’s price movement after its last earnings report?
Badger Meter reported an EPS of $1.12 in its last earnings report, beating expectations of $1.028. Following the earnings report the stock price went down -1.766%.
Which hedge fund is a major shareholder of Badger Meter?
Among the largest hedge funds holding Badger Meter’s share is Driehaus Capital Management LLC. It holds Badger Meter’s shares valued at 24M.
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Badger Meter Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$206.80 (-4.45% Downside)
$206.80 (-4.45% Downside)
Blogger Sentiment
Bullish
BMI Sentiment 83%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 43.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $224.9K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.8%
Last 30 Days ▲ 0.8%
Last 30 Days ▲ 0.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
31.88%
12-Months-Change
Fundamentals
Return on Equity
21.73%
Trailing 12-Months
Asset Growth
18.51%
Trailing 12-Months
Company Description
Badger Meter
Badger Meter, Inc. engages in the provision of flow measurement, control products, and communications solutions that serves water utilities, municipalities, and commercial and industrial customers worldwide. Its products are classified into two categories: Municipal Water and Flow Instrumentation. Municipal water products comprises of water meters and related technologies to municipal water utilities. Flow Instrumentation products includes meters and valves sold worldwide to various industries for water and other fluids. The company was founded in 1905 and is headquartered in Milwaukee, WI.
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BMI Company Deck
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BMI Earnings Call
Q2 2024
0:00 / 0:00
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BMI Revenue Breakdown
88.28% U.S.
5.56% Europe
1.93% Asia
1.84% Canada
2.39% Other
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BMI Stock 12 Month Forecast
Average Price Target
$206.80
▼(-4.45% Downside)
Technical Analysis
Best Analysts Covering BMI
1 Year
1 Year Success Rate
11/11 ratings generated profit
1 Year Average Return
+36.46%
reiterated a buy rating 2 months ago
Copying Tate Sullivan's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +36.46% per trade.
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