Wall Street analysts expect Brooks Automation, Inc (NASDAQ:BRKS) to report $218.33 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Brooks Automation’s earnings. The lowest sales estimate is $215.00 million and the highest is $220.00 million. Brooks Automation reported sales of $181.72 million during the same quarter last year, which indicates a positive year over year growth rate of 20.1%. The company is expected to issue its next earnings report on Wednesday, August 1st.
On average, analysts expect that Brooks Automation will report full-year sales of $825.00 million for the current year, with estimates ranging from $811.60 million to $836.40 million. For the next fiscal year, analysts expect that the business will post sales of $892.60 million per share, with estimates ranging from $850.00 million to $914.80 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Brooks Automation.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Tuesday, May 1st. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.04. Brooks Automation had a return on equity of 15.97% and a net margin of 15.55%. The business had revenue of $207.26 million during the quarter, compared to analyst estimates of $199.44 million. During the same period last year, the company earned $0.28 earnings per share. Brooks Automation’s quarterly revenue was up 22.4% compared to the same quarter last year.
Several analysts recently issued reports on the company. BidaskClub upgraded Brooks Automation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 20th. B. Riley increased their price objective on Brooks Automation from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, May 2nd. Citigroup cut their price objective on Brooks Automation from $35.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, May 2nd. Zacks Investment Research upgraded Brooks Automation from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Thursday, May 3rd. Finally, ValuEngine lowered Brooks Automation from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $34.00.
Shares of NASDAQ:BRKS opened at $32.62 on Thursday. The company has a quick ratio of 2.54, a current ratio of 3.34 and a debt-to-equity ratio of 0.28. Brooks Automation has a 1 year low of $21.61 and a 1 year high of $36.45. The firm has a market cap of $2.30 billion, a P/E ratio of 26.31 and a beta of 1.06.
The business also recently announced a quarterly dividend, which was paid on Friday, June 22nd. Shareholders of record on Friday, June 1st were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, May 31st. This represents a $0.40 annualized dividend and a yield of 1.23%. Brooks Automation’s dividend payout ratio (DPR) is currently 32.26%.
In other news, CEO Stephen S. Schwartz sold 30,000 shares of the firm’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $30.00, for a total value of $900,000.00. Following the sale, the chief executive officer now directly owns 607,264 shares of the company’s stock, valued at $18,217,920. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Jason Joseph sold 15,609 shares of the firm’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $35.10, for a total value of $547,875.90. Following the completion of the sale, the vice president now directly owns 100,226 shares in the company, valued at $3,517,932.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 191,640 shares of company stock worth $5,999,732. Corporate insiders own 2.36% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Two Sigma Investments LP raised its holdings in shares of Brooks Automation by 25.1% in the 4th quarter. Two Sigma Investments LP now owns 28,645 shares of the semiconductor company’s stock valued at $683,000 after purchasing an additional 5,750 shares during the period. Lombard Odier Asset Management USA Corp bought a new stake in shares of Brooks Automation in the 4th quarter valued at about $1,939,000. Glenmede Trust Co. NA raised its holdings in shares of Brooks Automation by 40.4% in the 4th quarter. Glenmede Trust Co. NA now owns 1,478,911 shares of the semiconductor company’s stock valued at $35,270,000 after purchasing an additional 425,807 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of Brooks Automation in the 4th quarter valued at about $899,000. Finally, Vident Investment Advisory LLC raised its holdings in shares of Brooks Automation by 60.3% in the 4th quarter. Vident Investment Advisory LLC now owns 763,741 shares of the semiconductor company’s stock valued at $18,215,000 after purchasing an additional 287,254 shares during the period. 94.69% of the stock is currently owned by institutional investors.
Brooks Automation Company Profile
Brooks Automation, Inc provides automation and cryogenic solutions for various applications and markets. It operates in 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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