Equities research analysts expect Brooks Automation, Inc (NASDAQ:BRKS) to announce sales of $205.33 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Brooks Automation’s earnings, with estimates ranging from $200.00 million to $208.00 million. Brooks Automation reported sales of $181.88 million during the same quarter last year, which indicates a positive year over year growth rate of 12.9%. The firm is expected to report its next quarterly earnings results on Thursday, November 8th.
According to Zacks, analysts expect that Brooks Automation will report full-year sales of $825.40 million for the current financial year, with estimates ranging from $820.10 million to $828.10 million. For the next year, analysts expect that the business will post sales of $849.13 million, with estimates ranging from $745.00 million to $913.00 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Brooks Automation.
Brooks Automation (NASDAQ:BRKS) last announced its earnings results on Monday, August 6th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $223.48 million during the quarter, compared to analysts’ expectations of $218.98 million. Brooks Automation had a return on equity of 16.28% and a net margin of 15.40%. The business’s revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS.
Several analysts have commented on BRKS shares. ValuEngine raised Brooks Automation from a “hold” rating to a “buy” rating in a research note on Friday, June 15th. BidaskClub raised Brooks Automation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 20th. Citigroup upped their price objective on Brooks Automation from $31.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, July 13th. Zacks Investment Research downgraded Brooks Automation from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. Finally, Stephens reaffirmed a “buy” rating and set a $35.00 price objective on shares of Brooks Automation in a research note on Tuesday, August 7th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $39.71.
BRKS traded up $0.46 on Wednesday, hitting $30.27. 634,205 shares of the company traded hands, compared to its average volume of 767,484. The company has a quick ratio of 2.48, a current ratio of 3.29 and a debt-to-equity ratio of 0.27. The company has a market cap of $2.47 billion, a PE ratio of 24.41 and a beta of 1.05. Brooks Automation has a 12-month low of $21.75 and a 12-month high of $39.75.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 7th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Thursday, September 6th. Brooks Automation’s dividend payout ratio (DPR) is 32.26%.
In other news, VP Jason Joseph sold 1,965 shares of the stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $38.00, for a total transaction of $74,670.00. Following the completion of the transaction, the vice president now directly owns 86,868 shares of the company’s stock, valued at approximately $3,300,984. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Lindon G. Robertson sold 13,042 shares of the stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $39.00, for a total value of $508,638.00. Following the transaction, the chief financial officer now directly owns 136,642 shares of the company’s stock, valued at $5,329,038. The disclosure for this sale can be found here. Corporate insiders own 2.36% of the company’s stock.
Several hedge funds have recently modified their holdings of BRKS. BlackRock Inc. grew its holdings in Brooks Automation by 8.0% during the 2nd quarter. BlackRock Inc. now owns 9,707,904 shares of the semiconductor company’s stock valued at $316,670,000 after buying an additional 715,931 shares during the last quarter. Boston Partners grew its holdings in Brooks Automation by 0.5% during the 2nd quarter. Boston Partners now owns 2,051,596 shares of the semiconductor company’s stock valued at $66,924,000 after buying an additional 10,215 shares during the last quarter. DF Dent & Co. Inc. grew its holdings in Brooks Automation by 2.6% during the 2nd quarter. DF Dent & Co. Inc. now owns 1,898,579 shares of the semiconductor company’s stock valued at $61,932,000 after buying an additional 48,090 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in Brooks Automation by 17.8% during the 2nd quarter. Glenmede Trust Co. NA now owns 1,741,941 shares of the semiconductor company’s stock valued at $56,822,000 after buying an additional 263,030 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in Brooks Automation by 14.7% during the 2nd quarter. Jennison Associates LLC now owns 1,432,535 shares of the semiconductor company’s stock valued at $46,729,000 after buying an additional 184,079 shares during the last quarter. 94.54% of the stock is owned by institutional investors and hedge funds.
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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