Badger Meter (NYSE:BMI) announced its quarterly earnings data on Wednesday. The scientific and technical instruments company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.05, Briefing.com reports. Badger Meter had a net margin of 6.96% and a return on equity of 12.51%. The business had revenue of $110.60 million for the quarter, compared to analyst estimates of $109.67 million. During the same period in the prior year, the business posted $0.27 earnings per share. Badger Meter’s revenue was up 10.6% compared to the same quarter last year.
Shares of NYSE BMI opened at $49.82 on Thursday. Badger Meter has a fifty-two week low of $41.00 and a fifty-two week high of $56.40. The company has a market capitalization of $1.54 billion, a P/E ratio of 41.55, a price-to-earnings-growth ratio of 4.11 and a beta of 0.71.
In other Badger Meter news, Director Todd J. Teske sold 12,000 shares of the stock in a transaction on Wednesday, July 25th. The shares were sold at an average price of $51.15, for a total value of $613,800.00. Following the sale, the director now directly owns 28,984 shares in the company, valued at $1,482,531.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Raymond G. Serdynski sold 6,000 shares of the stock in a transaction on Friday, July 27th. The stock was sold at an average price of $50.83, for a total transaction of $304,980.00. Following the completion of the sale, the vice president now owns 14,471 shares in the company, valued at $735,560.93. The disclosure for this sale can be found here. Insiders sold 46,362 shares of company stock worth $2,426,234 over the last 90 days. 2.80% of the stock is currently owned by company 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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