Badger Meter is up 4.2% during the same time and is heading into earnings with an average analyst price target of $209.60 (compared to the current share price of $222.55).

Shares of leading water solutions provider Badger Meter (BMI-1.28%) plunged 9% as of 12:30 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence.

Badger Meter scored wins across the board this morning, growing sales 23% year over year, expanding its operating profit margin by 290 basis points to 18.6%, and growing its net income a whopping 50%.

Incorporated in 1905 and headquartered in Milwaukee, WI, Badger Meter, Inc. is a leading provider of water solutions, which include flow measurement, quality and other system parameters.

Following the latest results, Badger Meter's six analysts are now forecasting revenues of US$472.0m in 2021. This would be a solid 8.5% improvement in sales compared to the last 12 months.

Badger Meter is trading at a premium valuation that will be a headwind for investors despite solid underlying performance. See why I'm bearish on BMI stock.

Badger Meter's revenue surged 26% in Q3 due to robust water utility capex spending and strong sales of smart meters and network equipment. Read more on BMI here.

Water control and measure company Badger Meter (NYSE:BMI) will be reporting results tomorrow before the bell. Here’s what to look for. Badger Meter beat analysts’ revenue expectations by 2.3% ...

Badger Meter beat analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $205.2 million, up 12.5% year on year. It was a satisfactory quarter for the company, ...