Equities analysts expect Brooks Automation, Inc (NASDAQ:BRKS) to post $184.67 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Brooks Automation’s earnings, with the lowest sales estimate coming in at $184.00 million and the highest estimate coming in at $185.00 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 business is scheduled to announce its next quarterly earnings report on Wednesday, February 7th.

On average, analysts expect that Brooks Automation will report full year sales of $184.67 million for the current financial year, with estimates ranging from $755.00 million to $767.00 million. For the next fiscal year, analysts anticipate that the company will report sales of $814.45 million per share, with estimates ranging from $800.00 million to $828.90 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Brooks Automation.

Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.06. The business had revenue of $181.88 million for 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%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share.

BRKS has been the topic of several research reports. Stifel Nicolaus lifted their target price on Brooks Automation from $32.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Janney Montgomery Scott lifted their target price on Brooks Automation from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, September 14th. Zacks Investment Research cut Brooks Automation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. B. Riley reaffirmed a “buy” rating and issued a $34.00 target price on shares of Brooks Automation in a report on Monday, November 13th. Finally, Citigroup lifted their target price on Brooks Automation from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Brooks Automation has a consensus rating of “Hold” and a consensus target price of $31.57.

In related news, VP Jason Joseph sold 5,159 shares of Brooks Automation stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $28.55, for a total value of $147,289.45. Following the completion of the transaction, the vice president now owns 104,699 shares in the company, valued at $2,989,156.45. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David Pietrantoni sold 3,071 shares of Brooks Automation stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $28.55, for a total value of $87,677.05. Following the completion of the transaction, the insider now owns 70,964 shares of the company’s stock, valued at approximately $2,026,022.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,258 shares of company stock valued at $1,995,532. 2.24% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new position in shares of Brooks Automation during the second quarter valued at approximately $104,000. Advisor Group Inc. purchased a new position in shares of Brooks Automation during the second quarter valued at approximately $122,000. Riverhead Capital Management LLC boosted its position in shares of Brooks Automation by 49.9% during the second quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 1,897 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of Brooks Automation by 6.1% during the second quarter. Ameritas Investment Partners Inc. now owns 6,038 shares of the semiconductor company’s stock valued at $131,000 after buying an additional 348 shares during the period. Finally, Flinton Capital Management LLC boosted its position in shares of Brooks Automation by 49.3% during the second quarter. Flinton Capital Management LLC now owns 6,272 shares of the semiconductor company’s stock valued at $136,000 after buying an additional 2,072 shares during the period. Institutional investors own 90.15% of the company’s stock.

Shares of Brooks Automation (NASDAQ BRKS) opened at $22.54 on Tuesday. Brooks Automation has a twelve month low of $15.58 and a twelve month high of $34.77. The company has a market capitalization of $1,580.00, a PE ratio of 21.65 and a beta of 0.93.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be given a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 1.77%. Brooks Automation’s dividend payout ratio is currently 44.94%.

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

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