Wall Street brokerages expect Brooks Automation, Inc (NASDAQ:BRKS) to report sales of $184.67 million for the current quarter, according to Zacks. Three analysts have made estimates for Brooks Automation’s earnings, with estimates ranging from $184.00 million to $185.00 million. Brooks Automation posted sales of $159.96 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.4%. The firm is scheduled to issue its next quarterly 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 year, with estimates ranging from $755.00 million to $767.00 million. For the next year, analysts forecast that the firm will report 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 a mean average based on a survey of research firms that that provide coverage for Brooks Automation.

Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.06. Brooks Automation had a return on equity of 13.40% and a net margin of 9.04%. The company had revenue of $181.88 million for the quarter, compared to the consensus estimate of $174.66 million. During the same quarter in the prior year, the business earned $0.22 EPS. Brooks Automation’s revenue was up 15.4% on a year-over-year basis.

A number of research analysts have recently commented on the company. BidaskClub upgraded Brooks Automation from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Needham & Company LLC downgraded Brooks Automation from a “buy” rating to a “hold” rating in a report on Monday, September 18th. They noted that the move was a valuation call. Citigroup increased their price objective on Brooks Automation from $31.00 to $34.00 and gave the company a “buy” rating in a report on Friday, November 10th. Stephens assumed coverage on Brooks Automation in a report on Thursday, December 21st. They issued an “overweight” rating and a $32.00 price objective on the stock. Finally, Zacks Investment Research downgraded Brooks Automation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $31.63.

Brooks Automation (NASDAQ:BRKS) traded down $0.45 on Tuesday, hitting $25.63. The stock had a trading volume of 937,774 shares, compared to its average volume of 807,233. Brooks Automation has a fifty-two week low of $16.74 and a fifty-two week high of $34.77. The stock has a market cap of $1,810.00, a P/E ratio of 28.80 and a beta of 0.93.

The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 1st were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.56%. Brooks Automation’s dividend payout ratio (DPR) is presently 44.94%.

In related news, SVP William T. Montone sold 2,257 shares of the company’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David C. Gray sold 2,394 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were 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. Over the last three months, insiders sold 76,258 shares of company stock valued at $2,226,732. Insiders own 2.36% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in BRKS. Quantbot Technologies LP acquired a new stake in shares of Brooks Automation in the 2nd quarter valued at about $104,000. Advisor Group Inc. acquired a new stake in shares of Brooks Automation in the 2nd quarter valued at about $122,000. Riverhead Capital Management LLC boosted its position in shares of Brooks Automation by 49.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 1,897 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of Brooks Automation by 6.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,038 shares of the semiconductor company’s stock valued at $131,000 after purchasing an additional 348 shares during the period. Finally, Flinton Capital Management LLC boosted its position in shares of Brooks Automation by 49.3% in the 2nd quarter. Flinton Capital Management LLC now owns 6,272 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 2,072 shares during the period. 89.85% of the stock is owned by hedge funds and other institutional investors.

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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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