Badger Meter (NYSE:BMI) Issues Earnings Results

Badger Meter (NYSE:BMI) issued its quarterly earnings data on Wednesday. The scientific and technical instruments company reported $1.02 EPS for the quarter, topping the consensus estimate of $1.01 by $0.01, FiscalAI reports. Badger Meter had a return on equity of 18.03% and a net margin of 14.27%.The firm had revenue of $220.30 million during the quarter, compared to the consensus estimate of $220.59 million. During the same period in the prior year, the business posted $1.17 earnings per share. The company’s quarterly revenue was down 6.6% compared to the same quarter last year.

Here are the key takeaways from Badger Meter’s conference call:

• Badger Meter said Q2 sales improved sequentially as previously awarded AMI projects began ramping, and management reaffirmed that organic revenue for 2026 should be roughly flat with 2025 but improve quarter by quarter.
• Quarterly sales were still down year over year, with total revenue of $222.3 million falling 7% and adjusted operating margins pressured by lower volume and project mix.
• The company highlighted strong customer and consultant interest at AWWA ACE in its NaaS, AMI, and beyond-the-meter offerings, saying feedback reinforced its leadership position and the long-term opportunity from water-sector modernization.
• Management flagged rising electronics component cost and availability pressures tied to AI/data-center demand, but said the company is actively mitigating the impact and feels comfortable within its gross margin range.
• Badger Meter ended the quarter with a renewed $150 million credit facility, continued share repurchases, and management emphasized a balanced capital allocation approach while maintaining ample financial flexibility.

Badger Meter Price Performance

NYSE:BMI opened at $123.29 on Friday. The company has a market capitalization of $3.60 billion, a P/E ratio of 28.81, a P/E/G ratio of 2.27 and a beta of 0.64. The business has a fifty day simple moving average of $134.18 and a two-hundred day simple moving average of $144.10. Badger Meter has a 1 year low of $112.09 and a 1 year high of $204.00.

Hedge Funds Weigh In On Badger Meter

Large investors have recently modified their holdings of the business. Brighton Jones LLC bought a new stake in shares of Badger Meter during the 4th quarter valued at $227,000. NewEdge Advisors LLC lifted its holdings in shares of Badger Meter by 328.0% in the first quarter. NewEdge Advisors LLC now owns 3,766 shares of the scientific and technical instruments company’s stock worth $717,000 after buying an additional 2,886 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Badger Meter by 10.6% in the second quarter. Cetera Investment Advisers now owns 2,334 shares of the scientific and technical instruments company’s stock valued at $572,000 after acquiring an additional 223 shares during the period. M&T Bank Corp purchased a new position in Badger Meter during the second quarter valued at approximately $200,000. Finally, California Public Employees Retirement System lifted its stake in Badger Meter by 11.2% in the 2nd quarter. California Public Employees Retirement System now owns 50,225 shares of the scientific and technical instruments company’s stock worth $12,303,000 after purchasing an additional 5,041 shares in the last quarter. Hedge funds and other institutional investors own 89.01% of the company’s stock.

Wall Street Analyst Weigh In

BMI has been the subject of several recent analyst reports. Robert W. Baird set a $167.00 target price on shares of Badger Meter and gave the stock an “outperform” rating in a research note on Thursday. Wall Street Zen lowered shares of Badger Meter from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Maxim Group downgraded Badger Meter from a “buy” rating to a “hold” rating in a research note on Thursday, April 23rd. Zacks Research raised Badger Meter from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Weiss Ratings cut Badger Meter from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $163.57.

More Badger Meter News

Here are the key news stories impacting Badger Meter this week:

• Positive Sentiment: JPMorgan kept an overweight rating on Badger Meter while only slightly trimming its price target to $170, suggesting analysts still see meaningful upside. Analyst price target update
• Positive Sentiment: RBC also maintained an outperform view despite cutting its target to $162, reinforcing that Wall Street remains constructive on the long-term story. Analyst price target update
• Positive Sentiment: A Seeking Alpha article argues that project deployments could restart earnings growth, pointing to a possible turnaround catalyst for Badger Meter’s fundamentals. Project deployments article

Badger Meter Company Profile

Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company’s core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.

The company’s product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.