Bruker Corporation (NASDAQ:BRKR) Announces $0.05 Quarterly Dividend

Key Points

• Bruker Corporation declared a quarterly dividend of $0.05 per share, payable on October 3rd to stockholders of record as of September 23rd, reflecting an annualized yield of 0.6%.
• The company reported earnings of $0.32 per share for the latest quarter, which was below the consensus estimate of $0.33, with revenue decreasing 0.4% year over year to $797.40 million.
• Bruker has a current payout ratio of 7.3%, and analysts expect it to comfortably cover its annual dividend of $0.20 with projected earnings of $3.15 per share next year.

Bruker Corporation (NASDAQ:BRKR - Get Free Report) announced a quarterly dividend on Tuesday, August 12th, RTT News reports. Stockholders of record on Tuesday, September 23rd will be given a dividend of 0.05 per share by the medical research company on Friday, October 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%.

Bruker has a payout ratio of 7.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Bruker to earn $3.15 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 6.3%.

Bruker Stock Up 1.2%

Shares of NASDAQ BRKR opened at $30.78 on Tuesday. Bruker has a 12-month low of $30.00 and a 12-month high of $72.94. The company has a market cap of $4.67 billion, a P/E ratio of 59.19, a P/E/G ratio of 2.52 and a beta of 1.16. The company has a current ratio of 1.61, a quick ratio of 0.70 and a debt-to-equity ratio of 1.31. The stock has a fifty day moving average price of $39.33 and a 200 day moving average price of $42.24.

Bruker (NASDAQ:BRKR - Get Free Report) last announced its earnings results on Monday, August 4th. The medical research company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). The business had revenue of $797.40 million for the quarter, compared to analyst estimates of $811.17 million. Bruker had a net margin of 2.31% and a return on equity of 17.89%. The firm's revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. Research analysts anticipate that Bruker will post 2.69 EPS for the current fiscal year.

About Bruker

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.

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