Badger Meter(NYSE:BMI) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 6, 2017. Company reported revenue of $93.098M. Analysts estimated a revenue of $96.200M. The revenues were -3.22% below the estimates. Earnings per share were $0.23. The reported EPS was below estimates by -8%. Analysts had estimated an EPS of $0.25.
Badger Meter (BMI) shares turned negative on Tuesdays trading session with the shares closing down -2.75 points or -7.15% at a volume of 4,56,589. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $37.3. The peak price level was also seen at $37.3 while the days lowest was $34.5. Finally the shares closed at $35.7. The 52-week high of the shares is $39.85 while the 52-week low is $29.3005. According to the latest information available, the market cap of the company is $1,039 M.
Several Insider Transactions has been reported to the SEC. On Dec 15, 2016, Horst Gras (VP-International) sold 6,000 shares at $38.00 per share price.Also, 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.