JP Morgan has initiated coverage on Badger Meter Inc (BMI) with an Overweight rating, marking the firm's first assessment of the company's investment potential. This decision reflects an analysis of Badger Meter's business operations, industry dynamics, and growth prospects.
Headquartered in Milwaukee, Wisconsin, Badger Meter engages in flow measurement, control products, and communications solutions for water utilities and industrial customers. The company employs 2,210 full-time staff and offers a suite of solutions branded as BlueEdge, which integrates water management technology with software and support services. Its product line includes measurement and control hardware, connectivity solutions, and data visualization tools.
As of September 8, 2025, Badger Meter's stock is priced at $171.86, with a market capitalization of $5.0 billion. The company reports a trailing twelve months (TTM) price-to-earnings (P/E) ratio of 35.90 and an earnings per share (EPS) of 4.69. The dividend yield stands at an impressive 94.6%.
Upcoming earnings reports are scheduled for July 20, 2026, and April 15, 2026, with estimated EPS of $1.39 and $1.33, respectively. Recent earnings performance shows a mix of surprises, including a 3.6% beat in Q3 2025 with an EPS of $1.19 against an estimate of $1.15.
Analyst ratings can shift as new information emerges, and it is essential for investors to consider various factors—such as company fundamentals, competitive positioning, and industry trends—when making decisions. The current consensus among analysts remains a Buy, with 3 Strong Buy, 6 Buy, and 6 Hold ratings.
This update provides insight into Badger Meter's current standing in the market and JP Morgan's initial outlook on its potential for growth.