$174.23 Million in Sales Expected for Brooks Automation, Inc (BRKS) This Quarter

Equities research analysts forecast that Brooks Automation, Inc (NASDAQ:BRKS) will report sales of $174.23 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Brooks Automation’s earnings, with the lowest sales estimate coming in at $173.00 million and the highest estimate coming in at $175.00 million. Brooks Automation posted sales of $189.33 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 8%. The business is expected to report its next earnings report on Thursday, February 7th.

On average, analysts expect that Brooks Automation will report full year sales of $815.67 million for the current year, with estimates ranging from $788.00 million to $831.00 million. For the next financial year, analysts expect that the company will report sales of $889.80 million, with estimates ranging from $850.00 million to $929.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Brooks Automation.

Brooks Automation (NASDAQ:BRKS) last posted its earnings results on Monday, November 19th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.22). The company had revenue of $160.00 million for the quarter, compared to analyst estimates of $206.00 million. Brooks Automation had a return on equity of 13.78% and a net margin of 14.94%. Brooks Automation’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 earnings per share.

Several equities analysts have recently issued reports on BRKS shares. Credit Suisse Group decreased their target price on Brooks Automation from $32.00 to $26.00 and set a “neutral” rating for the company in a research report on Tuesday, November 20th. Citigroup boosted their target price on Brooks Automation from $38.00 to $41.00 and gave the stock a “buy” rating in a research report on Tuesday, September 25th. ValuEngine lowered Brooks Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. B. Riley cut their price objective on Brooks Automation from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Tuesday, November 20th. Finally, BidaskClub upgraded Brooks Automation from a “sell” rating to a “hold” rating in a report on Saturday, December 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $37.00.

Brooks Automation stock opened at $28.08 on Friday. The stock has a market cap of $1.94 billion, a PE ratio of 43.88 and a beta of 1.22. Brooks Automation has a 1 year low of $22.87 and a 1 year high of $39.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.43 and a quick ratio of 2.84.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 20th. Stockholders of record on Friday, December 7th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, December 6th. Brooks Automation’s dividend payout ratio (DPR) is presently 62.50%.

In other news, SVP William T. Montone sold 1,026 shares of Brooks Automation stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $31.76, for a total transaction of $32,585.76. Following the transaction, the senior vice president now owns 107,532 shares in the company, valued at approximately $3,415,216.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David Jarzynka sold 1,661 shares of Brooks Automation stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $31.76, for a total value of $52,753.36. Following the transaction, the vice president now owns 21,391 shares in the company, valued at approximately $679,378.16. The disclosure for this sale can be found here. Insiders have sold a total of 249,892 shares of company stock worth $7,665,790 in the last quarter. 2.45% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Brooks Automation in the 3rd quarter valued at approximately $104,000. Advisory Services Network LLC lifted its stake in Brooks Automation by 2,387.2% in the 3rd quarter. Advisory Services Network LLC now owns 3,507 shares of the semiconductor company’s stock valued at $123,000 after acquiring an additional 3,366 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in Brooks Automation in the 2nd quarter valued at approximately $138,000. D.A. Davidson & CO. bought a new stake in Brooks Automation in the 3rd quarter valued at approximately $205,000. Finally, Cim LLC bought a new stake in Brooks Automation in the 3rd quarter valued at approximately $207,000. Institutional investors and hedge funds own 95.21% of the company’s stock.

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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