Bruker (NASDAQ:BRKR) posted its quarterly earnings results on Thursday. The medical research company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02, Bloomberg Earnings reports. The firm had revenue of $530.50 million during the quarter, compared to analyst estimates of $506.74 million. Bruker had a net margin of 8.85% and a return on equity of 25.83%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share. Bruker updated its FY18 guidance to $1.34 to $1.38 EPS.
Bruker (BRKR) traded down $1.54 on Thursday, hitting $31.62. 1,040,000 shares of the stock traded hands, compared to its average volume of 484,321. Bruker has a twelve month low of $21.83 and a twelve month high of $36.53. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.60 and a quick ratio of 1.60. The company has a market capitalization of $4,920.00, a PE ratio of 33.64, a P/E/G ratio of 2.50 and a beta of 1.05.
Several analysts have recently weighed in on BRKR shares. Zacks Investment Research lowered shares of Bruker from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Citigroup raised their price objective on shares of Bruker from $29.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Cowen reaffirmed a “hold” rating and set a $29.00 price objective on shares of Bruker in a report on Friday, November 3rd. Bank of America raised shares of Bruker from an “underperform” rating to a “neutral” rating and set a $34.00 price objective for the company in a report on Friday, November 3rd. Finally, JPMorgan Chase & Co. raised shares of Bruker from an “underweight” rating to a “neutral” rating and set a $28.00 price objective for the company in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $32.38.
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Bruker Company Profile
Bruker Corporation designs and manufactures scientific instruments, and analytical and diagnostic solutions. Its segments include the Bruker BioSpin Group; the Bruker Chemicals, Applied Markets, Life Science, In-Vitro Diagnostics, Detection (CALID) Group; the Bruker Nano Group, and the Bruker Energy & Supercon Technologies (BEST) Segment.
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