Equities research analysts expect that Brooks Automation, Inc (NASDAQ:BRKS) will report sales of $198.57 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Brooks Automation’s earnings, with the lowest sales estimate coming in at $195.00 million and the highest estimate coming in at $200.60 million. Brooks Automation reported sales of $169.33 million in the same quarter last year, which would suggest a positive year over year growth rate of 17.3%. The company is expected to report its next quarterly earnings report on Thursday, April 26th.
On average, analysts expect that Brooks Automation will report full-year sales of $198.57 million for the current fiscal year, with estimates ranging from $770.00 million to $801.60 million. For the next year, analysts expect that the business will post sales of $841.35 million per share, with estimates ranging from $815.00 million to $867.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Brooks Automation.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The company had revenue of $189.33 million for the quarter, compared to analyst estimates of $184.48 million. Brooks Automation had a net margin of 9.03% and a return on equity of 14.43%. The firm’s revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share.
Several equities analysts have issued reports on BRKS shares. Zacks Investment Research downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Janney Montgomery Scott set a $35.00 price objective on shares of Brooks Automation and gave the company a “buy” rating in a report on Tuesday, January 23rd. BidaskClub downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. B. Riley increased their price objective on shares of Brooks Automation from $34.00 to $38.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Stephens reaffirmed a “buy” rating and set a $36.00 price objective on shares of Brooks Automation in a report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Brooks Automation presently has an average rating of “Buy” and a consensus price target of $32.88.
In other Brooks Automation news, SVP William T. Montone sold 8,024 shares of Brooks Automation stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $28.00, for a total transaction of $224,672.00. Following the transaction, the senior vice president now directly owns 133,325 shares of the company’s stock, valued at $3,733,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Lindon G. Robertson sold 13,212 shares of Brooks Automation stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $29.00, for a total transaction of $383,148.00. Following the transaction, the chief financial officer now directly owns 158,320 shares in the company, valued at $4,591,280. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,236 shares of company stock worth $1,119,020. Insiders own 2.36% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC purchased a new position in Brooks Automation during the fourth quarter worth about $778,000. Gotham Asset Management LLC raised its stake in Brooks Automation by 107.9% during the fourth quarter. Gotham Asset Management LLC now owns 21,205 shares of the semiconductor company’s stock worth $506,000 after purchasing an additional 11,005 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in Brooks Automation by 11.2% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 29,050 shares of the semiconductor company’s stock worth $693,000 after purchasing an additional 2,920 shares during the period. Westwood Holdings Group Inc. raised its stake in Brooks Automation by 74.7% during the fourth quarter. Westwood Holdings Group Inc. now owns 882,810 shares of the semiconductor company’s stock worth $21,055,000 after purchasing an additional 377,435 shares during the period. Finally, Glenmede Trust Co. NA raised its stake in Brooks Automation by 40.4% during the fourth quarter. Glenmede Trust Co. NA now owns 1,478,911 shares of the semiconductor company’s stock worth $35,270,000 after purchasing an additional 425,807 shares during the period. 89.02% of the stock is currently owned by institutional investors.
Brooks Automation (NASDAQ BRKS) traded up $1.11 during mid-day trading on Monday, reaching $25.73. 802,500 shares of the company traded hands, compared to its average volume of 1,124,620. The firm has a market capitalization of $1,733.98, a price-to-earnings ratio of 27.67 and a beta of 0.95. The company has a current ratio of 3.33, a quick ratio of 2.56 and a debt-to-equity ratio of 0.31. Brooks Automation has a 52 week low of $20.48 and a 52 week high of $34.77.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.55%. The ex-dividend date 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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