Brooks Automation, Inc (BRKS) Given Average Recommendation of “Buy” by Brokerages
Brooks Automation, Inc (NASDAQ:BRKS) has earned a consensus rating of “Buy” from the eight ratings firms that are currently covering the firm. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $23.86.
Several analysts have recently commented on the stock. B. Riley restated a “buy” rating and set a $30.00 price objective on shares of Brooks Automation in a research report on Wednesday, May 3rd. Needham & Company LLC lifted their price target on shares of Brooks Automation from $22.00 to $28.00 and gave the company a “buy” rating in a report on Friday, April 28th. Zacks Investment Research upgraded shares of Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a report on Monday, May 1st. Finally, Citigroup Inc lifted their price target on shares of Brooks Automation to $26.00 and gave the company a “buy” rating in a report on Monday, March 20th.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. Brooks Automation had a negative net margin of 8.49% and a positive return on equity of 8.51%. The business had revenue of $169.30 million for the quarter, compared to the consensus estimate of $167.16 million. During the same period last year, the firm earned $0.07 earnings per share. The company’s quarterly revenue was up 25.1% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 2nd will be paid a $0.10 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.46%. Brooks Automation’s payout ratio is currently -53.33%.
Several institutional investors have recently added to or reduced their stakes in BRKS. Neuburgh Advisers LLC boosted its position in Brooks Automation by 29.3% in the first quarter. Neuburgh Advisers LLC now owns 5,100 shares of the semiconductor company’s stock worth $114,000 after buying an additional 1,156 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in Brooks Automation during the first quarter worth approximately $127,000. First Mercantile Trust Co. boosted its position in Brooks Automation by 26.2% in the first quarter. First Mercantile Trust Co. now owns 7,065 shares of the semiconductor company’s stock worth $158,000 after buying an additional 1,465 shares in the last quarter. SG Americas Securities LLC purchased a new position in Brooks Automation during the first quarter worth approximately $165,000. Finally, State of Alaska Department of Revenue boosted its position in Brooks Automation by 3.2% in the first quarter. State of Alaska Department of Revenue now owns 7,670 shares of the semiconductor company’s stock worth $171,000 after buying an additional 240 shares in the last quarter. 88.84% of the stock is owned by hedge funds and other institutional investors.
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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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