Brooks Automation (BRKS) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Brooks Automation (NASDAQ:BRKS) released its earnings data on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02, Analyst Ratings News reports. The company had revenue of $124.60 million for the quarter, compared to the consensus estimate of $122.08 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 27.1% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Brooks Automation from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, January 22nd. They now have a $11.10 price target on the stock. On a related note, analysts at Thomson Reuters/Verus upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a research note to investors on Monday, January 20th. Finally, analysts at Thomson Reuters/Verus downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $10.93.
Shares of Brooks Automation (NASDAQ:BRKS) remained flat at $9.92 during trading on Thursday. The stock had a trading volume of 341,190 shares. Brooks Automation has a 52 week low of $8.74 and a 52 week high of $10.97. The stock’s 50-day moving average is $10.36 and its 200-day moving average is $9.79. The company’s market cap is $631.5 million.
Brooks Automation, Inc (NASDAQ:BRKS) is a global provider of automation, vacuum and instrumentation solutions for multiple markets, including semiconductor manufacturing, technology device manufacturing and life sciences.
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