Badger Meter (BMI) was Upgraded by Sidoti to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Sidoti advised their investors in a research report released on Jan 10, 2017.
On the company’s financial health, Badger Meter reported $0.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Oct 17, 2016. Analyst had a consensus of $0.33. The company had revenue of $96.30 million for the quarter, compared to analysts expectations of $105.55 million. The company’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 closed down -0.2 points or -0.54% at $37.05 with 75,725 shares getting traded on Friday. Post opening the session at $37.35, the shares hit an intraday low of $37 and an intraday high of $37.45 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Dec 15, 2016, Horst Gras (VP-International) sold 6,000 shares at $38.00 per share price. According to the SEC, on Dec 1, 2016, Fred J Begale (VP-Engineering) sold 2,000 shares at $36.32 per share price. On Nov 23, 2016, Richard E Johnson (Sr. VP-Finance, Treas & CFO) sold 10,400 shares at $36.04 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.