Badger Meter Reports Second Quarter 2019 Results
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Badger Meter (BMI) PT Lowered to $49 at Stifel
July 19, 2019 7:04 AM EDTStifel lowered its price target on Badger Meter (NYSE: BMI) to $49.00 (from $54.00) while maintaining a Hold rating.
... MoreBadger Meter (BMI) Misses Q2 EPS by 5c, Revenues Miss
July 18, 2019 8:31 AM EDTBadger Meter (NYSE: BMI) reported Q2 EPS of $0.39, $0.05 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $103.5 million versus the consensus estimate of $117.77 million.
Second Quarter 2019 Highlights
Net sales for the second quarter of 2019 were $103.5 million, compared to $113.6 million in the comparable prior year quarter.Gross profit margins improved 240 basis points year-over-year to 38.9%.GAAP net earnings and diluted earnings per share (EPS) were $11.4 million and $0.39, respectively, compared to $6.2 million and $0.21 in the comparable prior year period.Excluding the $8.2 million pre-tax, or $6.1 million and $0.21 per share... More