Bruker (BRKR) Issues FY18 Earnings Guidance
Bruker (NASDAQ:BRKR) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $1.34 to $1.38 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.34. The company issued revenue guidance of $1.889 billion, compared to the consensus revenue estimate of $1.82 billion.
Bruker (NASDAQ:BRKR) opened at $30.59 on Friday. Bruker has a 52-week low of $21.83 and a 52-week high of $36.53. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.60 and a current ratio of 2.60. The firm has a market cap of $4,918.89, a P/E ratio of 62.43, a price-to-earnings-growth ratio of 2.34 and a beta of 1.05.
Bruker (NASDAQ:BRKR) last posted its quarterly earnings data on Thursday, February 8th. The medical research company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. Bruker had a net margin of 4.45% and a return on equity of 26.58%. The firm had revenue of $530.50 million for the quarter, compared to analysts’ expectations of $506.74 million. During the same period in the previous year, the company posted $0.46 EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. equities analysts anticipate that Bruker will post 1.34 earnings per share for the current year.
An institutional investor recently raised its position in Bruker stock. The Manufacturers Life Insurance Company grew its stake in shares of Bruker Co. (NASDAQ:BRKR) by 7.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,003 shares of the medical research company’s stock after acquiring an additional 331 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Bruker were worth $144,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 65.63% of the company’s stock.
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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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