Analysts forecast that Brooks Automation, Inc (NASDAQ:BRKS) will announce earnings of $0.24 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Brooks Automation’s earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.23. Brooks Automation posted earnings of $0.07 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 242.9%. The business is scheduled to issue its next earnings results after the market closes on Thursday, April 27th.
On average, analysts expect that Brooks Automation will report full-year earnings of $0.96 per share for the current financial year, with EPS estimates ranging from $0.90 to $1.00. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.04 per share, with EPS estimates ranging from $1.00 to $1.07. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Brooks Automation.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings results on Wednesday, February 1st. The semiconductor company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.05. Brooks Automation had a positive return on equity of 8.51% and a negative net margin of 8.49%. The firm earned $160 million during the quarter, compared to analyst estimates of $160.03 million. During the same quarter in the previous year, the business earned $0.02 EPS. Brooks Automation’s revenue for the quarter was up 33.3% compared to the same quarter last year.
Several research firms have commented on BRKS. B. Riley reaffirmed a “buy” rating and issued a $21.00 target price on shares of Brooks Automation in a research note on Monday, January 16th. Needham & Company LLC lifted their target price on shares of Brooks Automation to $22.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Zacks Investment Research raised shares of Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research note on Friday, February 3rd. Citigroup Inc lifted their target price on shares of Brooks Automation to $26.00 and gave the stock a “buy” rating in a research note on Monday, March 20th. Finally, Credit Suisse Group AG raised shares of Brooks Automation from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $13.00 to $17.00 in a research note on Monday, January 9th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $21.00.
In related news, SVP William T. Montone sold 15,000 shares of Brooks Automation stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $19.33, for a total transaction of $289,950.00. Following the transaction, the senior vice president now owns 136,756 shares in the company, valued at approximately $2,643,493.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Lindon G. Robertson sold 47,017 shares of Brooks Automation stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $20.93, for a total transaction of $984,065.81. Following the transaction, the chief financial officer now owns 178,929 shares in the company, valued at approximately $3,744,983.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,367 shares of company stock worth $1,647,009. 2.24% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its position in Brooks Automation by 1.4% in the third quarter. Nisa Investment Advisors LLC now owns 37,454 shares of the semiconductor company’s stock valued at $510,000 after buying an additional 500 shares during the last quarter. First Trust Advisors LP raised its position in Brooks Automation by 7.3% in the third quarter. First Trust Advisors LP now owns 30,565 shares of the semiconductor company’s stock valued at $416,000 after buying an additional 2,091 shares during the last quarter. Aperio Group LLC raised its position in Brooks Automation by 4.6% in the third quarter. Aperio Group LLC now owns 17,599 shares of the semiconductor company’s stock valued at $240,000 after buying an additional 772 shares during the last quarter. Neuberger Berman Group LLC acquired a new position in Brooks Automation during the third quarter valued at $213,000. Finally, UBS Asset Management Americas Inc. raised its position in Brooks Automation by 17.0% in the third quarter. UBS Asset Management Americas Inc. now owns 34,497 shares of the semiconductor company’s stock valued at $470,000 after buying an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 88.84% of the company’s stock.
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Shares of Brooks Automation (NASDAQ:BRKS) traded up 0.57% during trading on Tuesday, hitting $23.07. The company had a trading volume of 719,973 shares. Brooks Automation has a 52-week low of $8.99 and a 52-week high of $23.12. The firm’s market capitalization is $1.54 billion. The stock’s 50-day moving average is $21.42 and its 200 day moving average is $17.84.
The business also recently declared a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, March 3rd were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.73%. Brooks Automation’s dividend payout ratio (DPR) is presently -53.33%.
About Brooks Automation
Brooks Automation, Inc is a provider of automation and cryogenic solutions for various applications and markets. The Company operates through 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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