Badger Meter (NYSE:BMI) Releases Earnings Results, Beats Expectations By $0.01 EPS

Badger Meter (NYSE:BMI) released its quarterly earnings data on Wednesday. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.01, FiscalAI reports. Badger Meter had a net margin of 14.56% and a return on equity of 18.76%. The firm had revenue of $220.30 million for the quarter, compared to analyst estimates of $220.59 million. During the same quarter in the prior year, the business earned $1.17 EPS. The company’s revenue for the quarter 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 Stock Performance

Shares of BMI stock opened at $123.44 on Thursday. The firm has a fifty day moving average of $134.06 and a 200-day moving average of $144.47. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 2.62 and a beta of 0.64. Badger Meter has a 52-week low of $112.09 and a 52-week high of $206.29.

Badger Meter Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a $0.40 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.3%. Badger Meter’s dividend payout ratio is currently 36.12%.

Analyst Upgrades and Downgrades

BMI has been the topic of a number of recent research reports. Royal Bank Of Canada restated an “outperform” rating on shares of Badger Meter in a research note on Thursday, May 21st. Maxim Group cut Badger Meter from a “buy” rating to a “hold” rating in a research report on Thursday, April 23rd. Weiss Ratings cut shares of Badger Meter from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, July 9th. Stifel Nicolaus set a $170.00 price objective on shares of Badger Meter and gave the stock a “buy” rating in a report on Monday. Finally, Zacks Research upgraded shares of Badger Meter from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $160.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd lifted its position in shares of Badger Meter by 76.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 65 shares during the period. Brown Brothers Harriman & Co. grew its position in Badger Meter by 62.3% in the third quarter. Brown Brothers Harriman & Co. now owns 185 shares of the scientific and technical instruments company’s stock valued at $33,000 after acquiring an additional 71 shares during the period. Canada Pension Plan Investment Board acquired a new position in Badger Meter during the second quarter worth $49,000. Smartleaf Asset Management LLC raised its stake in Badger Meter by 13.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 688 shares of the scientific and technical instruments company’s stock worth $123,000 after acquiring an additional 82 shares in the last quarter. Finally, Twin Tree Management LP lifted its holdings in shares of Badger Meter by 108.8% during the third quarter. Twin Tree Management LP now owns 864 shares of the scientific and technical instruments company’s stock valued at $154,000 after acquiring an additional 10,660 shares during the period. Institutional investors own 89.01% of the company’s stock.

Key Stories Impacting Badger Meter

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

• Positive Sentiment: Badger Meter reported Q2 EPS of $1.02, edging past analyst expectations and showing profitability remained resilient despite a tougher demand backdrop. Badger Meter Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Brokerage coverage cited a price target of $155.71, suggesting some Wall Street analysts still see upside from current levels. Brokerages Set Badger Meter, Inc. PT at $155.71
• Neutral Sentiment: Investors are also digesting multiple earnings-call transcripts and summaries, which reiterated management’s comments on navigating challenges and a cautious back-half outlook. Badger Meter Inc Q2 2026 Earnings Call Highlights
• Neutral Sentiment: Badger Meter disclosed Q2 sales of $222.3 million, down 7% year over year, while operating earnings fell 12% and margins narrowed, underscoring slower demand conditions. Badger Meter Reports Second Quarter 2026 Financial Results
• Negative Sentiment: Shares came under pressure after reports highlighted that the Q2 beat was offset by weak margins and softer water-sales trends, signaling potential earnings quality concerns. Badger Meter crashes 14% after Q2 earnings beat
• Negative Sentiment: Multiple law firms issued securities class-action and deadline notices tied to alleged order pull-forward and weaker-than-disclosed demand trends, adding a legal overhang for BMI. BMI Deadline: SueWallSt Reminds Badger Meter Investors of Upcoming Securities Class Action Deadline

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.