Analysts predict that Brooks Automation, Inc. (NASDAQ:BRKS) will post earnings of $0.29 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Brooks Automation’s earnings. The highest EPS estimate is $0.30 and the lowest is $0.28. Brooks Automation posted earnings per share of $0.20 during the same quarter last year, which would indicate a positive year over year growth rate of 45%. The company is expected to announce its next earnings results on Wednesday, February 7th.
On average, analysts expect that Brooks Automation will report full year earnings of $1.33 per share for the current fiscal year, with EPS estimates ranging from $1.30 to $1.36. For the next financial year, analysts anticipate that the firm will post earnings of $1.58 per share, with EPS estimates ranging from $1.50 to $1.65. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Brooks Automation.
Brooks Automation (NASDAQ:BRKS) last released its earnings results on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.06. The firm had revenue of $181.88 million for the quarter, compared to analyst estimates of $174.66 million. Brooks Automation had a return on equity of 13.40% and a net margin of 9.04%. The company’s revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS.
A number of analysts have commented on the company. Zacks Investment Research downgraded Brooks Automation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. B. Riley reiterated a “buy” rating and issued a $34.00 price objective on shares of Brooks Automation in a research report on Tuesday, August 8th. Janney Montgomery Scott raised their price objective on Brooks Automation from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, September 14th. Stifel Nicolaus raised their price objective on Brooks Automation from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Brooks Automation in a research report on Friday, October 6th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Brooks Automation has an average rating of “Hold” and an average price target of $31.57.
In related news, VP David Jarzynka sold 2,476 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $33.80, for a total transaction of $83,688.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David C. Gray sold 2,394 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $33.80, for a total value of $80,917.20. The disclosure for this sale can be found here. Insiders have sold a total of 66,258 shares of company stock valued at $1,995,532 in the last 90 days. 2.24% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Engineers Gate Manager LP bought a new position in shares of Brooks Automation during the 2nd quarter worth approximately $1,376,000. California Public Employees Retirement System lifted its position in shares of Brooks Automation by 4.7% during the 2nd quarter. California Public Employees Retirement System now owns 155,100 shares of the semiconductor company’s stock worth $3,364,000 after buying an additional 6,900 shares during the period. AHL Partners LLP lifted its position in shares of Brooks Automation by 259.3% during the 2nd quarter. AHL Partners LLP now owns 121,089 shares of the semiconductor company’s stock worth $2,627,000 after buying an additional 87,384 shares during the period. Credit Suisse AG lifted its position in shares of Brooks Automation by 53.3% during the 1st quarter. Credit Suisse AG now owns 169,734 shares of the semiconductor company’s stock worth $3,802,000 after buying an additional 58,983 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Brooks Automation by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 6,675,027 shares of the semiconductor company’s stock worth $144,781,000 after buying an additional 392,115 shares during the period. Institutional investors and hedge funds own 89.97% of the company’s stock.
Brooks Automation (NASDAQ BRKS) remained flat at $$27.46 on Wednesday. 668,952 shares of the company were exchanged, compared to its average volume of 679,217. The stock has a market cap of $1,920.00, a price-to-earnings ratio of 24.96 and a beta of 1.06. Brooks Automation has a twelve month low of $15.34 and a twelve month high of $34.77.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.46%. Brooks Automation’s dividend payout ratio is currently 44.94%.
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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