This water meter company split its stock 2:1 on September 16. The company will announce third quarter earnings on October 18, and EPS is expected to come in at $0.33.
Badger Meter Inc. (BMI)
From 2 for 1 Stock Split Newsletter
Badger Meter Inc. (BMI) is an old (1905) Wisconsin company primarily known for its water meters, and recently split its shares 2 for 1.
Our ranking algorithm gave Badger a high score despite its 31.6 PE ratio. It helps that the price-to-book ratio of 3.8, another measurement of value, is lower than average, boosting the
score.
Healthy profits and no long-term debt are also positive factors. BMI is a small cap stock (just under $1B market cap), flying pretty low under the Wall Street radar, with only four analysts covering it and a Beta of just 0.64.
Badger makes a wide variety of flow control and measurement devices for all types of fluids, but water meters are its core business. My assumption is the water meter business will only grow as droughts get worse and municipalities and water districts demand stricter water saving measures.
Neil MacNeale, 2 for 1 Stock Split Newsletter, www.2-for-1.com, 888-775- 4824, September 16, 2016