SVB Leerink Weighs in on Bruker Co.’s Q3 2022 Earnings (NASDAQ:BRKR)

Bruker Co. (NASDAQ:BRKRGet Rating) – Research analysts at SVB Leerink reduced their Q3 2022 earnings estimates for Bruker in a research note issued to investors on Wednesday, August 3rd. SVB Leerink analyst P. Souda now forecasts that the medical research company will post earnings per share of $0.54 for the quarter, down from their prior forecast of $0.59. The consensus estimate for Bruker’s current full-year earnings is $2.29 per share. SVB Leerink also issued estimates for Bruker’s Q4 2022 earnings at $0.81 EPS, FY2022 earnings at $2.28 EPS, Q1 2023 earnings at $0.59 EPS, Q3 2023 earnings at $0.67 EPS, FY2023 earnings at $2.62 EPS and FY2024 earnings at $2.97 EPS.

Bruker (NASDAQ:BRKRGet Rating) last released its quarterly earnings data on Wednesday, August 3rd. The medical research company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. Bruker had a net margin of 11.06% and a return on equity of 30.74%. During the same period last year, the company earned $0.44 earnings per share.

A number of other brokerages also recently weighed in on BRKR. StockNews.com downgraded shares of Bruker from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 16th. The Goldman Sachs Group decreased their target price on shares of Bruker from $73.00 to $60.00 and set a “sell” rating on the stock in a research note on Wednesday, April 13th.

Bruker Trading Down 1.5 %

Shares of BRKR opened at $62.48 on Friday. The firm’s 50 day simple moving average is $63.54 and its 200 day simple moving average is $64.09. The company has a market capitalization of $9.33 billion, a P/E ratio of 34.52, a P/E/G ratio of 1.83 and a beta of 1.17. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.56 and a quick ratio of 1.72. Bruker has a 1-year low of $55.80 and a 1-year high of $92.35.

Bruker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Wednesday, June 1st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.32%. The ex-dividend date was Tuesday, May 31st. Bruker’s dividend payout ratio (DPR) is currently 11.05%.

Institutional Trading of Bruker

Several large investors have recently added to or reduced their stakes in BRKR. Vanguard Group Inc. boosted its holdings in shares of Bruker by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 11,253,314 shares of the medical research company’s stock valued at $723,588,000 after buying an additional 487,688 shares in the last quarter. BlackRock Inc. grew its stake in shares of Bruker by 2.7% during the 1st quarter. BlackRock Inc. now owns 11,135,940 shares of the medical research company’s stock valued at $716,042,000 after acquiring an additional 291,386 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Bruker by 65.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,545,082 shares of the medical research company’s stock valued at $292,250,000 after acquiring an additional 1,790,974 shares during the period. Alliancebernstein L.P. grew its stake in shares of Bruker by 9.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,587,056 shares of the medical research company’s stock valued at $300,990,000 after acquiring an additional 296,455 shares during the period. Finally, State Street Corp boosted its stake in Bruker by 2.7% in the 1st quarter. State Street Corp now owns 3,011,294 shares of the medical research company’s stock worth $193,626,000 after purchasing an additional 77,881 shares during the period. Institutional investors own 76.09% of the company’s stock.

About Bruker

(Get Rating)

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.

See Also

Earnings History and Estimates for Bruker (NASDAQ:BRKR)

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