Equities research analysts expect that Brooks Automation, Inc (NASDAQ:BRKS) will report earnings per share of $0.51 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Brooks Automation’s earnings. Brooks Automation posted earnings per share of $0.36 during the same quarter last year, which indicates a positive year-over-year growth rate of 41.7%. The business is scheduled to issue its next quarterly earnings report on Wednesday, August 1st.
On average, analysts expect that Brooks Automation will report full-year earnings of $1.58 per share for the current fiscal year, with EPS estimates ranging from $1.34 to $1.82. For the next financial year, analysts anticipate that the firm will post earnings of $1.87 per share, with EPS estimates ranging from $1.60 to $2.14. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Brooks Automation.
Brooks Automation (NASDAQ:BRKS) last released its earnings results on Tuesday, May 1st. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. The business had revenue of $207.26 million for the quarter, compared to analyst estimates of $199.44 million. Brooks Automation had a net margin of 15.55% and a return on equity of 15.97%. Brooks Automation’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 earnings per share.
BRKS has been the topic of several research reports. Zacks Investment Research lowered shares of Brooks Automation from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. B. Riley upped 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. Stephens reiterated a “buy” rating and set a $36.00 price objective on shares of Brooks Automation in a report on Friday, February 2nd. BidaskClub lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, ValuEngine lowered shares of Brooks Automation from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $34.00.
In other news, insider David C. Gray sold 7,000 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $28.88, for a total transaction of $202,160.00. Following the completion of the sale, the insider now directly owns 91,806 shares of the company’s stock, valued at $2,651,357.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Stephen S. Schwartz sold 30,000 shares of the business’s stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $30.23, for a total transaction of $906,900.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,582 shares of company stock valued at $4,097,832. 2.36% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the business. Municipal Employees Retirement System of Michigan grew its position in Brooks Automation by 6.0% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 30,780 shares of the semiconductor company’s stock worth $834,000 after purchasing an additional 1,730 shares in the last quarter. California Public Employees Retirement System grew its position in Brooks Automation by 1.2% in the 4th quarter. California Public Employees Retirement System now owns 170,603 shares of the semiconductor company’s stock worth $4,069,000 after purchasing an additional 2,062 shares in the last quarter. QS Investors LLC grew its position in Brooks Automation by 3.5% in the 4th quarter. QS Investors LLC now owns 63,343 shares of the semiconductor company’s stock worth $1,511,000 after purchasing an additional 2,113 shares in the last quarter. Comerica Bank grew its position in Brooks Automation by 2.9% in the 1st quarter. Comerica Bank now owns 74,308 shares of the semiconductor company’s stock worth $1,933,000 after purchasing an additional 2,125 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in Brooks Automation by 6.5% in the 4th quarter. UBS Asset Management Americas Inc. now owns 40,521 shares of the semiconductor company’s stock worth $966,000 after purchasing an additional 2,468 shares in the last quarter. 94.25% of the stock is owned by institutional investors and hedge funds.
Brooks Automation opened at $31.88 on Wednesday, MarketBeat Ratings reports. The firm has a market capitalization of $2.20 billion, a P/E ratio of 25.71 and a beta of 0.99. The company has a current ratio of 3.34, a quick ratio of 2.54 and a debt-to-equity ratio of 0.28. Brooks Automation has a 12-month low of $21.61 and a 12-month high of $34.77.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Friday, June 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, May 31st. Brooks Automation’s payout ratio is presently 32.26%.
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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