Badger Meter (BMI) Releases Earnings Results, Misses Expectations By $-0.03 EPS

Badger Meter (BMI) announced its most recent quarterly financial results on Monday, Oct-17-2016. BMI reported $0.30 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.33. The company posted revenue of $96.30 million in the period, compared to analysts expectations of $105.55 million. BMI’s revenue was down -3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

Badger Meter opened for trading at $32.65 and hit $33.425 on the upside on Friday, eventually ending the session at $33.06, with a gain of 0.98% or 0.32 points. The heightened volatility saw the trading volume jump to 83,151 shares. Company has a market cap of $962 M.

In a different news, on Sep 13, 2016, William R A Bergum (VP-Gen. Counsel and Secretary) sold 2,250 shares at $65.09 per share price. According to the SEC, on Sep 2, 2016, Fred J Begale (VP-Engineering) sold 1,720 shares at $66.00 per share price. On Apr 26, 2016, Beverly L P Smiley (VP-Controller) sold 500 shares at $71.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Badger Meter Inc. is a manufacturer and marketer of products incorporating flow measurement and control technologies serving markets around the world. The Company offers products to measure water oil chemicals and other fluids. Its three product lines include sales of water meters and related technologies to municipal water utilities (municipal water) sales of meters to various industries for water and other fluids (flow instrumentation) and sales of gas meter radios and concrete vibrators to markets (specialty products). Municipal water offering includes mechanical and electronic (static) water meters and related technologies and services used by water utilities for generating water and wastewater. Flow instrumentation category includes the sale of meters and valves to measure and control materials flowing through a pipe. Its specialty products include the sale of radio technology to natural gas utilities for installation on their gas meters.

Badger Meter

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