Bruker (NASDAQ:BRKR) Releases Earnings Results, Meets Estimates

Bruker (NASDAQ:BRKRGet Rating) released its quarterly earnings results on Wednesday. The medical research company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45, Fidelity Earnings reports. Bruker had a net margin of 11.06% and a return on equity of 30.74%. During the same quarter in the prior year, the business earned $0.44 EPS. Bruker updated its FY 2022 guidance to $2.29-$2.33 EPS and its FY22 guidance to $2.29-2.33 EPS.

Bruker Price Performance

Shares of Bruker stock traded down $0.96 on Friday, reaching $62.48. The company’s stock had a trading volume of 705,094 shares, compared to its average volume of 783,471. The company has a market capitalization of $9.33 billion, a P/E ratio of 34.52, a PEG ratio of 1.83 and a beta of 1.17. Bruker has a 52-week low of $55.80 and a 52-week high of $92.35. The stock has a 50-day moving average price of $63.54 and a 200-day moving average price of $64.09. The company has a quick ratio of 1.72, a current ratio of 2.56 and a debt-to-equity ratio of 1.17.

Bruker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Wednesday, June 1st were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend was Tuesday, May 31st. Bruker’s dividend payout ratio (DPR) is presently 11.05%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. lowered Bruker from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 16th. The Goldman Sachs Group reduced their price objective on shares of Bruker from $73.00 to $60.00 and set a “sell” rating for the company in a research note on Wednesday, April 13th.

Institutional Trading of Bruker

Institutional investors and hedge funds have recently made changes to their positions in the business. Zions Bancorporation N.A. purchased a new stake in shares of Bruker in the first quarter valued at approximately $26,000. Covestor Ltd boosted its stake in Bruker by 165.8% during the first quarter. Covestor Ltd now owns 1,321 shares of the medical research company’s stock worth $85,000 after buying an additional 824 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Bruker during the first quarter worth $107,000. Canada Pension Plan Investment Board acquired a new position in shares of Bruker in the 1st quarter valued at $122,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Bruker by 8.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,904 shares of the medical research company’s stock valued at $187,000 after purchasing an additional 217 shares during the last quarter. 76.09% of the stock is currently owned by hedge funds and other institutional investors.

About Bruker

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Bruker Corporation develops, manufactures, and distributes scientific instruments, and analytical and diagnostic solutions in the United States and internationally. The company operates through three segments: Bruker Scientific Instruments (BSI) Life Science, BSI NANO, and Bruker Energy & Supercon Technologies.

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Earnings History for Bruker (NASDAQ:BRKR)

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