Brooks Automation (NASDAQ:BRKS) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.21-0.26 for the period, compared to the Thomson Reuters consensus estimate of $0.30. The company issued revenue guidance of $192-200 million, compared to the consensus revenue estimate of $216.31 million.Brooks Automation also updated its FY 2019 guidance to $0.75-0.80 EPS.
Brooks Automation stock traded down $5.09 during trading on Friday, hitting $32.69. 1,423,603 shares of the company were exchanged, compared to its average volume of 380,524. The firm has a 50 day simple moving average of $39.28. Brooks Automation has a 52 week low of $23.02 and a 52 week high of $42.25. The company has a market capitalization of $2.80 billion, a P/E ratio of 51.08 and a beta of 1.36. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.86 and a quick ratio of 2.25.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Brooks Automation had a return on equity of 9.45% and a net margin of 6.68%. The business had revenue of $203.88 million during the quarter, compared to the consensus estimate of $205.14 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. Brooks Automation’s revenue was up 18.3% compared to the same quarter last year. Equities analysts expect that Brooks Automation will post 0.76 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on BRKS shares. BidaskClub downgraded Brooks Automation from a buy rating to a hold rating in a report on Tuesday, June 11th. Stifel Nicolaus upped their price objective on Brooks Automation from $40.00 to $43.00 and gave the company a buy rating in a research note on Tuesday, April 30th. ValuEngine upgraded Brooks Automation from a buy rating to a strong-buy rating in a research note on Wednesday, May 1st. B. Riley restated a buy rating and issued a $47.00 price objective (down previously from $51.00) on shares of Brooks Automation in a research note on Friday. Finally, Zacks Investment Research upgraded Brooks Automation from a hold rating to a buy rating and set a $47.00 price objective for the company in a research note on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Brooks Automation presently has an average rating of Buy and a consensus target price of $41.00.
In other news, Director Alfred Woollacott III sold 4,355 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $38.93, for a total transaction of $169,540.15. Following the transaction, the director now owns 84,736 shares of the company’s stock, valued at approximately $3,298,772.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Pietrantoni sold 3,333 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $41.00, for a total value of $136,653.00. Following the transaction, the insider now directly owns 35,768 shares in the company, valued at approximately $1,466,488. The disclosure for this sale can be found here. Insiders sold a total of 13,265 shares of company stock valued at $525,067 in the last 90 days. Corporate insiders own 2.45% of the company’s stock.
About Brooks Automation
Brooks Automation, Inc provides automation and cryogenic solutions for various markets. The company operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers mission-critical wafer automation and contamination controls solutions and services.
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