Bruker (BRKR) Issues FY 2019 Earnings Guidance

Bruker (NASDAQ:BRKR) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided EPS guidance of $1.54-1.58 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.55. The company issued revenue guidance of $2.009-2.028 billion, compared to the consensus revenue estimate of $1.97 billion.

Shares of Bruker stock traded up $0.19 on Monday, hitting $35.53. 980,821 shares of the company traded hands, compared to its average volume of 681,347. The stock has a market cap of $5.53 billion, a P/E ratio of 29.36, a PEG ratio of 1.87 and a beta of 1.49. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.24 and a quick ratio of 1.32. Bruker has a 52 week low of $26.10 and a 52 week high of $35.96.

Several brokerages recently weighed in on BRKR. ValuEngine upgraded shares of Bruker from a hold rating to a buy rating in a research report on Thursday, November 8th. Zacks Investment Research upgraded shares of Bruker from a hold rating to a buy rating and set a $38.00 price objective on the stock in a research report on Tuesday, January 29th. BidaskClub upgraded shares of Bruker from a hold rating to a buy rating in a research report on Wednesday, November 7th. Finally, Needham & Company LLC started coverage on shares of Bruker in a research report on Wednesday, January 2nd. They set a strong-buy rating and a $39.00 price objective on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Hold and an average price target of $35.83.

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Bruker Company Profile

Bruker Corporation manufactures and distributes scientific instruments, and analytical and diagnostic solutions in the United States, Europe, the Asia Pacific, and internationally. The company operates in two segments, Bruker Scientific Instruments, and Bruker Energy & Supercon Technologies. It offers life science tools based on magnetic resonance technology; life science mass spectrometry and ion mobility spectrometry systems; infrared spectroscopy and radiological/nuclear detectors for chemical, biological, radiological, nuclear, and explosive detection in emergency response, homeland security, and defense applications; and research, analytical, and process analysis instruments and solutions based on infrared and Raman molecular spectroscopy technologies.

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