$184.67 Million in Sales Expected for Brooks Automation, Inc. (BRKS) This Quarter
Equities research analysts forecast that Brooks Automation, Inc. (NASDAQ:BRKS) will report $184.67 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Brooks Automation’s earnings, with the highest sales estimate coming in at $185.00 million and the lowest estimate coming in at $184.00 million. Brooks Automation reported sales of $159.96 million during the same quarter last year, which would suggest a positive year over year growth rate of 15.4%. The firm is scheduled to announce its next earnings report on Wednesday, February 7th.
According to Zacks, analysts expect that Brooks Automation will report full year sales of $184.67 million for the current fiscal year, with estimates ranging from $755.00 million to $767.00 million. For the next financial year, analysts expect that the business will post sales of $814.45 million per share, with estimates ranging from $800.00 million to $828.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Brooks Automation.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. The company had revenue of $181.88 million during the quarter, compared to analysts’ expectations of $174.66 million. Brooks Automation had a return on equity of 13.40% and a net margin of 9.04%. Brooks Automation’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the business earned $0.22 earnings per share.
Several research analysts recently weighed in on BRKS shares. BidaskClub cut Brooks Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. B. Riley reiterated a “buy” rating and set a $34.00 price target on shares of Brooks Automation in a research report on Thursday, August 3rd. Credit Suisse Group reiterated a “hold” rating and set a $26.00 price target on shares of Brooks Automation in a research report on Thursday, August 3rd. ValuEngine upgraded Brooks Automation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research raised Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective on the stock in a report on Friday, August 4th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $31.57.
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In other news, SVP William T. Montone sold 2,257 shares of Brooks Automation stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $33.80, for a total value of $76,286.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David C. Gray sold 2,394 shares of Brooks Automation stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $33.80, for a total value of $80,917.20. The disclosure for this sale can be found here. Insiders sold 66,258 shares of company stock worth $1,995,532 over the last ninety days. Corporate insiders own 2.24% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Insight Capital Research & Management Inc. acquired a new position in Brooks Automation during the third quarter worth $2,386,000. California Public Employees Retirement System boosted its stake in Brooks Automation by 8.7% during the third quarter. California Public Employees Retirement System now owns 168,541 shares of the semiconductor company’s stock worth $5,117,000 after buying an additional 13,441 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Brooks Automation by 43.9% during the third quarter. Janney Montgomery Scott LLC now owns 15,718 shares of the semiconductor company’s stock worth $477,000 after buying an additional 4,794 shares during the last quarter. Highbridge Capital Management LLC acquired a new position in Brooks Automation during the third quarter worth $2,014,000. Finally, Vident Investment Advisory LLC boosted its stake in Brooks Automation by 32.3% during the third quarter. Vident Investment Advisory LLC now owns 476,487 shares of the semiconductor company’s stock worth $14,466,000 after buying an additional 116,233 shares during the last quarter. 90.56% of the stock is currently owned by institutional investors.
Brooks Automation (NASDAQ:BRKS) opened at $27.33 on Friday. The firm has a market capitalization of $1,803.79, a P/E ratio of 23.48 and a beta of 1.06. Brooks Automation has a 12-month low of $15.34 and a 12-month high of $34.77.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, November 30th. Brooks Automation’s payout ratio is currently 44.44%.
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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