Brooks Automation, Inc (NASDAQ:BRKS) – Investment analysts at B. Riley upped their Q2 2018 earnings per share (EPS) estimates for Brooks Automation in a report issued on Friday, according to Zacks Investment Research. B. Riley analyst C. Ellis now anticipates that the semiconductor company will earn $0.37 per share for the quarter, up from their prior forecast of $0.32. B. Riley has a “Buy” rating and a $38.00 price target on the stock. B. Riley also issued estimates for Brooks Automation’s Q3 2018 earnings at $0.41 EPS, Q4 2018 earnings at $0.40 EPS, Q1 2019 earnings at $0.41 EPS, Q2 2019 earnings at $0.44 EPS, Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.47 EPS, FY2019 earnings at $1.78 EPS and Q1 2020 earnings at $0.49 EPS.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. The business had revenue of $189.33 million for the quarter, compared to the consensus estimate of $184.48 million. Brooks Automation had a return on equity of 14.43% and a net margin of 9.03%. The business’s revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the business posted $0.25 EPS.
Several other analysts also recently issued reports on BRKS. Stifel Nicolaus raised their price target on Brooks Automation from $32.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Citigroup raised their price target on Brooks Automation from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Zacks Investment Research cut Brooks Automation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Stephens began coverage on Brooks Automation in a research report on Thursday, December 21st. They issued an “overweight” rating and a $32.00 target price on the stock. Finally, BidaskClub upgraded Brooks Automation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 9th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Brooks Automation currently has an average rating of “Buy” and an average target price of $32.88.
Shares of Brooks Automation (NASDAQ BRKS) traded up $0.22 during midday trading on Monday, hitting $24.62. The company had a trading volume of 1,261,900 shares, compared to its average volume of 1,107,244. The company has a market cap of $1,718.48, a P/E ratio of 26.71 and a beta of 0.95. Brooks Automation has a 1-year low of $20.48 and a 1-year high of $34.77. The company has a current ratio of 3.33, a quick ratio of 2.56 and a debt-to-equity ratio of 0.31.
Several hedge funds have recently modified their holdings of the company. AMP Capital Investors Ltd increased its position in shares of Brooks Automation by 115.9% during the 4th quarter. AMP Capital Investors Ltd now owns 17,273 shares of the semiconductor company’s stock valued at $412,000 after purchasing an additional 9,273 shares during the period. Koch Industries Inc. acquired a new position in shares of Brooks Automation during the 4th quarter valued at $516,000. Lombard Odier Asset Management USA Corp acquired a new position in shares of Brooks Automation during the 4th quarter valued at $1,939,000. Landscape Capital Management L.L.C. acquired a new position in shares of Brooks Automation during the 4th quarter valued at $899,000. Finally, Geode Capital Management LLC increased its position in shares of Brooks Automation by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 898,297 shares of the semiconductor company’s stock valued at $21,423,000 after purchasing an additional 48,589 shares during the period. Institutional investors own 89.02% of the company’s stock.
In other news, VP David Jarzynka sold 10,000 shares of Brooks Automation stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $23.12, for a total transaction of $231,200.00. Following the transaction, the vice president now directly owns 30,638 shares in the company, valued at approximately $708,350.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Lindon G. Robertson sold 13,212 shares of Brooks Automation stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $29.00, for a total value of $383,148.00. Following the transaction, the chief financial officer now owns 158,320 shares in the company, valued at $4,591,280. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,236 shares of company stock worth $1,119,020. 2.36% of the stock is owned by insiders.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 2nd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Thursday, March 1st. Brooks Automation’s dividend payout ratio is currently 43.01%.
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Brooks Automation Company Profile
Brooks Automation, Inc is a provider of automation and cryogenic solutions for various applications and markets. The Company operates through two segments: Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers critical automated transport, vacuum and contamination controls solutions and services.
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