Badger Meter Inc. (NYSE: BMI) has reported earnings for its second fiscal quarter (ending June 30) of $1.13 versus $0.77 for the same period a year ago — an increase of 47%. Relative to the consensus estimate of $0.97, this was a premium of $0.16. For the latest four quarters through June 30, E.P.S. were $3.85 compared to $2.64 a year ago — an increase of 46%.
Recent Price Action
Badger Meter Inc. (NYSE: BMI) stock closed at $190.56 on 7/19/24 after a modest decline of -1.8%. Moreover, exceptionally high trading volume at 231% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.1% during the last week.
Current PriceTarget Research Rating
BMI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Badger Meter has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Badger Meter has a very low Appreciation Score of 12 but a very high Power Rating of 94, with the Neutral Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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