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Badger Meter Inc. (BMI) share price soared 11.90% with the closing price of $80.38 on Friday. Badger Meter Inc. stock has an exchanging volume of 0.56 million shares, which is high, contrasted with its 3-months average volume of 144.28K shares. Its market capitalization has now reached to $2.32B and analysts have a consensus target price of $58.00 in the 12-month period.
Badger Meter Reports Third Quarter 2020 Results on October 16, 2020 news published at Yahoo.
Badger Meter, Inc. (BMI) reported results for the third quarter ended September 30, 2020. Municipal water sales increased 11% over the comparable prior year quarter. Improving order rates, as well as the conversion of backlog built last quarter, the result of modest manufacturing interruptions resulting from the rapid onset of COVID-19, contributed approximately equally to the sales growth in the quarter. Demand for ultrasonic meter technology and ORION® Cellular radios continued to grow, and existing AMI (advanced metering infrastructure) project installation schedules progressed. Sales of flow instrumentation products were 18% lower year-over-year, as the anticipated weakness across the varied industrial end markets served continued.
Operating margins of 17.2% were 210 basis points higher than the prior year’s 15.1%. Gross profit margins were strong at 39.6%, a 120 basis point increase over the prior year’s 38.4%. The favorable product sales mix trend continued with higher software-as-a-service (SaaS), cellular radio and ultrasonic meter sales benefitting margins. In addition, the prior year included a discrete, non-recurring warranty provision for a previously installed product solution outside North America.
Selling, engineering and administration (“SEA”) expenses in the third quarter of 2020 of $25.5 million increased a modest $0.3 million from the prior year’s $25.2 million as higher personnel costs were partially offset by lower travel and other pandemic-impacted expenses. SEA leverage improved to 22.5% from 23.2% in the comparable prior year quarter. The tax rate of 23.9% was slightly higher than the prior year’s 22.1%.
Argus announced it was Initiated coverage of Badger Meter Inc. in a research note on June 30, 2020. Maxim Group rated the stock as a Hold in a research noted published on April 08, 2020. Canaccord Genuity rated the stock as a Sell in a research note published on January 02, 2020.
BMI Past Trading Activity
The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, BMI price has rose by 14.03%. In the course of past three months sees the stock go up around 27.22%, while it has gain 42.19% over the past six months and 23.79% since the start of the year.
BMI Earning History
Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. In recent quarter of (Sep 2020), the firm recorded a revenue of 91.12 billion, which was higher than the gauge of 100.45M made by certain experts. For that equivalent quarter, Badger Meter Inc. posted $0.33 earnings per share (EPS) which was underneath the consensus estimate of $0.34 by -$0.01, which represents to a reduction by -2.90%.
BMI Price Performance
Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on Badger Meter Inc. has seen its stock exchanging -3.04% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +33.94% above its three-month low. A more extensive look sees BMI exchanging 10.47% beneath its 52-week high and 93.69% above from its 52-week low price.
BMI Instability & Beta Factor
The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 2.90%, while it has a month to month instability of 2.46%. The company has an ATR (Average True Range) of 2.16 and a beta factor of 0.77.