Brooks Automation, Inc (NASDAQ:BRKS) declared a quarterly dividend on Wednesday, November 6th, Zacks reports. Investors of record on Friday, December 6th will be given a dividend of 0.10 per share by the semiconductor company on Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Thursday, December 5th.
BRKS stock opened at $41.61 on Tuesday. The company has a current ratio of 2.37, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average of $43.50 and a two-hundred day moving average of $38.42. Brooks Automation has a 12 month low of $23.02 and a 12 month high of $50.35. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 54.04 and a beta of 1.39.
Brooks Automation (NASDAQ:BRKS) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The business had revenue of $200.23 million for the quarter, compared to analysts’ expectations of $195.38 million. Brooks Automation had a return on equity of 6.67% and a net margin of 55.99%. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. As a group, equities analysts forecast that Brooks Automation will post 1.25 earnings per share for the current year.
In related news, CEO Stephen S. Schwartz sold 108,391 shares of Brooks Automation stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $45.25, for a total value of $4,904,692.75. Following the completion of the sale, the chief executive officer now owns 714,871 shares in the company, valued at approximately $32,347,912.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David C. Gray sold 25,317 shares of Brooks Automation stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $45.25, for a total transaction of $1,145,594.25. Following the completion of the sale, the insider now owns 110,018 shares of the company’s stock, valued at approximately $4,978,314.50. The disclosure for this sale can be found here. Insiders have sold a total of 218,648 shares of company stock valued at $9,882,176 in the last 90 days. Insiders own 2.45% of the company’s stock.
A number of equities analysts have weighed in on the company. ValuEngine lowered Brooks Automation from a “buy” rating to a “hold” rating in a research note on Tuesday. B. Riley set a $47.00 target price on Brooks Automation and gave the company a “buy” rating in a report on Wednesday, September 18th. Zacks Investment Research downgraded Brooks Automation from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Stephens reiterated an “equal weight” rating and set a $35.00 price target on shares of Brooks Automation in a report on Friday, August 23rd. Finally, BidaskClub raised shares of Brooks Automation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Brooks Automation currently has an average rating of “Buy” and a consensus price target of $43.20.
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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