$506.92 Million in Sales Expected for Bruker Co. (BRKR) This Quarter

Equities analysts forecast that Bruker Co. (NASDAQ:BRKR) will post $506.92 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Bruker’s earnings, with estimates ranging from $504.60 million to $508.90 million. Bruker reported sales of $470.30 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.8%. The firm is expected to issue its next quarterly earnings report on Monday, February 12th.

According to Zacks, analysts expect that Bruker will report full year sales of $506.92 million for the current year, with estimates ranging from $1.74 billion to $1.75 billion. For the next fiscal year, analysts expect that the company will post sales of $1.82 billion per share, with estimates ranging from $1.78 billion to $1.84 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Bruker.

Bruker (NASDAQ:BRKR) last posted its earnings results on Thursday, November 2nd. The medical research company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. The company had revenue of $435.60 million for the quarter, compared to the consensus estimate of $415.45 million. Bruker had a return on equity of 25.83% and a net margin of 8.85%. Bruker’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 earnings per share.

A number of analysts have commented on the company. Zacks Investment Research upgraded Bruker from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Wednesday, November 8th. Bank of America upgraded Bruker from an “underperform” rating to a “neutral” rating and set a $34.00 target price on the stock in a research report on Friday, November 3rd. Cowen reiterated a “hold” rating and set a $29.00 target price on shares of Bruker in a research report on Friday, November 3rd. BTIG Research assumed coverage on Bruker in a research report on Friday. They set a “buy” rating and a $42.00 target price on the stock. Finally, JPMorgan Chase & Co. upgraded Bruker from an “underweight” rating to a “neutral” rating and set a $28.00 target price on the stock in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. Bruker has a consensus rating of “Hold” and a consensus target price of $32.38.

Shares of Bruker (NASDAQ:BRKR) opened at $36.22 on Tuesday. The company has a current ratio of 2.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $5,620.00, a price-to-earnings ratio of 38.53, a price-to-earnings-growth ratio of 2.71 and a beta of 1.12. Bruker has a 12-month low of $21.83 and a 12-month high of $36.53.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Monday, December 4th were given a $0.04 dividend. The ex-dividend date was Friday, December 1st. This represents a $0.16 annualized dividend and a dividend yield of 0.44%. Bruker’s dividend payout ratio is currently 17.02%.

Several large investors have recently modified their holdings of the company. Acrospire Investment Management LLC increased its stake in Bruker by 496.1% in the second quarter. Acrospire Investment Management LLC now owns 3,827 shares of the medical research company’s stock valued at $110,000 after purchasing an additional 3,185 shares during the last quarter. SG Americas Securities LLC acquired a new position in Bruker in the second quarter valued at $111,000. Zions Bancorporation acquired a new position in Bruker in the third quarter valued at $119,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Bruker by 11.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,599 shares of the medical research company’s stock valued at $133,000 after purchasing an additional 467 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Bruker by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 5,003 shares of the medical research company’s stock valued at $144,000 after purchasing an additional 331 shares during the last quarter. Institutional investors and hedge funds own 65.60% of the company’s stock.

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About Bruker

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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