Badger Meter Inc. (NYSE: BMI) has reported earnings for its third fiscal quarter (ending September 30) of $1.09 versus $0.89 for the same period a year ago — an increase of 22%. However, this performance was $-0.02 short of the consensus estimate of $1.11. E.P.S. were $4.05 for the latest four quarters through September 30 versus $2.92 for the same period a year ago — an increase of 39%.
Recent Price Action
Badger Meter Inc. (NYSE: BMI) stock suffered a large decline of -6.3% on 10/17/24. The stock closed at $205.95. Moreover, exceptionally high trading volume at 407% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -10.3% 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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Badger Meter has a very low Appreciation Score of 12 but a very high Power Rating of 97, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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