Brooks Automation, Inc. (BRKS) Expected to Post Quarterly Sales of $174.43 Million
Wall Street brokerages predict that Brooks Automation, Inc. (NASDAQ:BRKS) will announce sales of $174.43 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Brooks Automation’s earnings, with estimates ranging from $172.00 million to $176.30 million. Brooks Automation posted sales of $157.55 million in the same quarter last year, which indicates a positive year over year growth rate of 10.7%. The business is scheduled to report its next quarterly earnings results on Thursday, November 9th.
On average, analysts expect that Brooks Automation will report full-year sales of $174.43 million for the current financial year, with estimates ranging from $678.50 million to $686.00 million. For the next fiscal year, analysts expect that the company will report sales of $729.53 million per share, with estimates ranging from $706.60 million to $752.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Brooks Automation.
Brooks Automation (NASDAQ:BRKS) last announced its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. Brooks Automation had a return on equity of 11.25% and a net margin of 8.34%. The firm had revenue of $181.72 million during the quarter, compared to analyst estimates of $177.40 million. During the same period last year, the firm posted $0.16 EPS. The business’s revenue was up 23.2% compared to the same quarter last year.
A number of research analysts have recently issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $34.00 price target on shares of Brooks Automation in a report on Thursday, August 3rd. Zacks Investment Research raised Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a report on Friday, August 4th. ValuEngine raised Brooks Automation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Credit Suisse Group reaffirmed a “hold” rating and set a $26.00 price target on shares of Brooks Automation in a report on Thursday, August 3rd. Finally, Stifel Nicolaus raised Brooks Automation from a “hold” rating to a “buy” rating and upped their price target for the company from $22.00 to $32.00 in a report on Sunday, August 6th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $29.57.
Institutional investors and hedge funds have recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in Brooks Automation in the second quarter worth about $104,000. Advisor Group Inc. purchased a new stake in Brooks Automation in the second quarter worth about $122,000. Riverhead Capital Management LLC increased its position in Brooks Automation by 49.9% in the second quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock worth $123,000 after buying an additional 1,897 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in Brooks Automation by 6.1% in the second quarter. Ameritas Investment Partners Inc. now owns 6,038 shares of the semiconductor company’s stock worth $131,000 after buying an additional 348 shares in the last quarter. Finally, Flinton Capital Management LLC increased its position in Brooks Automation by 49.3% in the second quarter. Flinton Capital Management LLC now owns 6,272 shares of the semiconductor company’s stock worth $136,000 after buying an additional 2,072 shares in the last quarter. Institutional investors and hedge funds own 89.57% of the company’s stock.
Shares of Brooks Automation (NASDAQ:BRKS) traded up 1.74% during midday trading on Friday, hitting $33.35. The stock had a trading volume of 631,495 shares. Brooks Automation has a 12 month low of $12.71 and a 12 month high of $33.36. The stock has a market cap of $2.24 billion, a PE ratio of 41.74 and a beta of 1.10. The stock’s 50-day moving average is $29.77 and its 200-day moving average is $26.42.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Thursday, September 7th. Brooks Automation’s dividend payout ratio is 50.00%.
Brooks Automation Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Brooks Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brooks Automation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.