Leerink Swann Comments on Bruker Corporation’s FY2017 Earnings (BRKR)
Bruker Corporation (NASDAQ:BRKR) – Leerink Swann increased their FY2017 earnings per share (EPS) estimates for shares of Bruker Corporation in a report issued on Thursday. Leerink Swann analyst P. Souda now expects that the medical research company will post earnings of $1.19 per share for the year, up from their previous estimate of $1.10. Leerink Swann also issued estimates for Bruker Corporation’s Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.34 EPS and FY2018 earnings at $1.34 EPS.
Other equities research analysts also recently issued research reports about the stock. BidaskClub raised shares of Bruker Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Barclays PLC reaffirmed an “equal weight” rating and set a $30.00 price target (up previously from $26.00) on shares of Bruker Corporation in a research note on Monday, July 17th. Cowen and Company reaffirmed a “hold” rating and set a $29.00 price target on shares of Bruker Corporation in a research note on Friday, July 14th. Citigroup Inc. lifted their price target on shares of Bruker Corporation from $29.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Finally, Bank of America Corporation raised shares of Bruker Corporation from an “underperform” rating to a “neutral” rating and set a $34.00 price target on the stock in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $28.58.
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Shares of Bruker Corporation (NASDAQ BRKR) opened at $32.77 on Monday. Bruker Corporation has a one year low of $21.03 and a one year high of $35.16. The stock has a market cap of $5,243.04, a price-to-earnings ratio of 28.30, a P/E/G ratio of 2.84 and a beta of 1.05. The company has a current ratio of 2.63, a quick ratio of 1.61 and a debt-to-equity ratio of 0.56.
Bruker Corporation (NASDAQ:BRKR) last released its quarterly earnings results on Thursday, November 2nd. The medical research company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. Bruker Corporation had a net margin of 8.85% and a return on equity of 25.93%. The firm had revenue of $435.60 million for the quarter, compared to the consensus estimate of $415.45 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The firm’s quarterly revenue was up 10.6% on a year-over-year basis.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Bruker Corporation by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 9,832,452 shares of the medical research company’s stock valued at $229,391,000 after buying an additional 277,111 shares during the period. Koch Industries Inc. boosted its holdings in shares of Bruker Corporation by 2,573.5% in the 2nd quarter. Koch Industries Inc. now owns 334,774 shares of the medical research company’s stock valued at $324,000 after buying an additional 322,252 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Bruker Corporation by 4.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 524,525 shares of the medical research company’s stock valued at $12,238,000 after buying an additional 24,115 shares during the period. AJO LP acquired a new position in shares of Bruker Corporation in the 2nd quarter valued at about $46,075,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of Bruker Corporation by 186.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 16,478 shares of the medical research company’s stock valued at $475,000 after buying an additional 10,723 shares during the period. 65.73% of the stock is owned by institutional investors and hedge funds.
In other news, VP Mark Munch sold 21,061 shares of Bruker Corporation stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $29.97, for a total value of $631,198.17. Following the completion of the transaction, the vice president now directly owns 60,524 shares of the company’s stock, valued at approximately $1,813,904.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frank H. Laukien purchased 2,335 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was acquired at an average cost of $27.39 per share, with a total value of $63,955.65. Following the completion of the acquisition, the chief executive officer now directly owns 37,791,386 shares in the company, valued at approximately $1,035,106,062.54. The disclosure for this purchase can be found here. Insiders own 35.20% of the company’s stock.
About Bruker Corporation
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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