Badger Meter, Inc. (NYSE:BMI) is expected to report third quarter earnings results, before market open, on Friday 16th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.38 per share.
Looking ahead, the full year income are expected at $ 1.51 per share on the revenues of $ 402.52 million.
Previous Quarter Performance
Badger Meter, Inc. unveiled income for the second quarter of $ 0.33 per share, from the revenue of $ 91.12 million. The quarterly earnings reduced 15.38 percent while revenues dropped 12.00 percent compared with the same quarter last year.
According to street consensus, BMI was expected to report 2Q20 income of $ 0.34 per share from revenue of $ 98.65 million. The bottom line results missed street analysts by $ 0.01 or 2.94 percent, at the same time, top line results fell short of analysts by $ 7.53 million or 7.63 percent.
Stock Performance
Shares of Badger Meter, Inc. traded low $ -0.05 or -0.07 percent on Thursday, reaching $ 71.83 with volume of 186.00 thousand shares. Badger Meter, Inc. has traded high as $ 72.12 and has cracked $ 70.72 on the downward trend
According to the previous trading day, closing price of $ 71.83, representing a 73.20 % increase from the 52 week low of $ 41.50 and a 1.21 % decrease over the 52 week high of $ 72.76.
The company has a market capital of $ 2.09 billion and is part of the Technology sector and Scientific & Technical Instruments industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.18 per share on August 7, 2020. The dividend were payable on September 11, 2020 to holders of record as of the close of business on August 28, 2020 and ex-dividend date on August 27, 2020.
Conference Call
Badger Meter, Inc. will be hosting a conference call at 11:00 AM eastern time on 16th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.badgermeter.com
Badger Meter, Inc. provides flow measurement, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities.
