Earnings results for James River Group (NASDAQ:BRKR)
Bruker Corporation is expected* to report earnings on 11/02/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.33. The reported EPS for the same quarter last year was $0.43.
Bruker last issued its earnings data on August 3rd, 2020. The medical research company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.16. The firm had revenue of $424.60 million for the quarter, compared to analyst estimates of $395.51 million. Its revenue was down 13.4% compared to the same quarter last year. Bruker has generated $1.57 earnings per share over the last year and currently has a price-to-earnings ratio of 40.1. Bruker has confirmed that its next quarterly earnings report will be published on Monday, November 2nd, 2020.
Analyst Opinion on James River Group (NASDAQ:BRKR)
10 Wall Street analysts have issued ratings and price targets for Bruker in the last 12 months. Their average twelve-month price target is $44.95, predicting that the stock has a possible upside of 5.67%. The high price target for BRKR is $63.00 and the low price target for BRKR is $27.00. There are currently 1 sell rating, 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of “Hold.”
Bruker has received a consensus rating of Hold. The company’s average rating score is 2.30, and is based on 4 buy ratings, 5 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $44.95, Bruker has a forecasted upside of 5.7% from its current price of $42.54. Bruker has only been the subject of 3 research reports in the past 90 days.
Dividend Strength: James River Group (NASDAQ:BRKR)
Bruker has a dividend yield of 0.39%, which is in the bottom 25% of all stocks that pay dividends. Bruker does not have a long track record of dividend growth. The dividend payout ratio of Bruker is 10.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Bruker will have a dividend payout ratio of 9.52% next year. This indicates that Bruker will be able to sustain or increase its dividend.
Insiders buying/selling: James River Group (NASDAQ:BRKR)
In the past three months, Bruker insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $30,064.00 in company stock. Only 26.80% of the stock of Bruker is held by insiders. 67.84% of the stock of Bruker is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of James River Group (NASDAQ:BRKR
Earnings for Bruker are expected to grow by 35.48% in the coming year, from $1.24 to $1.68 per share. The P/E ratio of Bruker is 40.13, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.55. The P/E ratio of Bruker is 40.13, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 59.71. Bruker has a PEG Ratio of 6.25. PEG Ratios above 1 indicate that a company could be overvalued. Bruker has a P/B Ratio of 7.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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