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.
BRKR traded up $0.19 during trading on Monday, hitting $35.53. 980,821 shares of the stock traded hands, compared to its average volume of 681,347. The stock has a market capitalization 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 quick ratio of 1.32, a current ratio of 2.24 and a debt-to-equity ratio of 0.27. Bruker has a 12-month low of $26.10 and a 12-month high of $35.96.
Several equities research analysts have recently commented on BRKR shares. BidaskClub raised shares of Bruker from a hold rating to a buy rating in a research report on Wednesday, November 7th. ValuEngine raised shares of Bruker from a hold rating to a buy rating in a research report on Thursday, November 8th. Zacks Investment Research raised shares of Bruker from a hold rating to a strong-buy rating and set a $38.00 target price for the company in a research report on Monday, November 12th. Finally, Needham & Company LLC started coverage on shares of Bruker in a research report on Wednesday, January 2nd. They issued a strong-buy rating and a $39.00 target price for the company. Two analysts have rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $35.83.
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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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