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.

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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.

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Earnings History and Estimates for Brooks Automation (NASDAQ:BRKS)

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