Bruker (NASDAQ:BRKR – Get Free Report) released its quarterly earnings data on Tuesday. The medical research company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.01), Briefing.com reports. The business had revenue of $864.40 million for the quarter, compared to analyst estimates of $866.46 million. Bruker had a return on equity of 24.92% and a net margin of 11.29%. Bruker’s revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 EPS. Bruker updated its FY 2024 guidance to 2.360-2.410 EPS and its FY24 guidance to $2.36-2.41 EPS.
Bruker Price Performance
Shares of Bruker stock traded down $1.76 during midday trading on Wednesday, hitting $59.58. 611,984 shares of the company traded hands, compared to its average volume of 1,065,108. The firm’s fifty day moving average price is $64.08 and its 200-day moving average price is $66.56. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.75 and a current ratio of 1.65. Bruker has a 12 month low of $54.55 and a 12 month high of $94.86. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 2.32 and a beta of 1.20.
Bruker Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 2nd were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Friday, August 30th. Bruker’s dividend payout ratio (DPR) is presently 8.30%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on Bruker
Bruker Company Profile
Bruker Corporation, together with its subsidiaries, develops, manufactures, and distributes scientific instruments, and analytical and diagnostic solutions in the United States, Europe, the Asia Pacific, and internationally. The company operates through four segments: Bruker Scientific Instruments (BSI) BioSpin, BSI CALID, BSI Nano, and Bruker Energy & Supercon Technologies.
See Also
- Five stocks we like better than Bruker
- What are earnings reports?
- What a Trump Win Looks Like for The Market Now and Into 2025
- What is the Dogs of the Dow Strategy? Overview and Examples
- Russell 2000 Surge Post-Election: How to Play the Small-Cap Pop
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Macro Headwinds Send Microchip Technology Stock to the Buy Zone
Receive News & Ratings for Bruker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bruker and related companies with MarketBeat.com's FREE daily email newsletter.