Brokerages Expect Brooks Automation, Inc (BRKS) Will Post Quarterly Sales of $198.57 Million

Analysts predict that Brooks Automation, Inc (NASDAQ:BRKS) will report sales of $198.57 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Brooks Automation’s earnings, with the lowest sales estimate coming in at $195.00 million and the highest estimate coming in at $200.60 million. Brooks Automation reported sales of $169.33 million during the same quarter last year, which indicates a positive year over year growth rate of 17.3%. The firm is scheduled to issue its next earnings results on Thursday, April 26th.

On average, analysts expect that Brooks Automation will report full-year sales of $198.57 million for the current year, with estimates ranging from $770.00 million to $801.60 million. For the next year, analysts forecast that the business will post sales of $841.35 million per share, with estimates ranging from $815.00 million to $867.70 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 earnings results on Thursday, February 1st. The semiconductor company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $189.33 million for the quarter, compared to the consensus estimate of $184.48 million. Brooks Automation had a net margin of 9.03% and a return on equity of 14.43%. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS.

BRKS has been the topic of a number of research reports. BidaskClub raised shares of Brooks Automation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 9th. Zacks Investment Research downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Citigroup raised their target price on shares of Brooks Automation from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Stifel Nicolaus raised their target price on shares of Brooks Automation from $32.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Finally, Janney Montgomery Scott set a $35.00 target price on shares of Brooks Automation and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $32.88.

Brooks Automation (NASDAQ:BRKS) opened at $23.81 on Monday. The company has a current ratio of 3.33, a quick ratio of 2.56 and a debt-to-equity ratio of 0.31. The company has a market cap of $1,676.93, a PE ratio of 19.68 and a beta of 0.95. Brooks Automation has a 12-month low of $20.48 and a 12-month high of $34.77.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Thursday, March 1st. Brooks Automation’s payout ratio is currently 43.01%.

In other news, CFO Lindon G. Robertson sold 13,212 shares of Brooks Automation stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $29.00, for a total value of $383,148.00. Following the transaction, the chief financial officer now owns 158,320 shares of the company’s stock, valued at approximately $4,591,280. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP William T. Montone sold 8,024 shares of Brooks Automation stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $28.00, for a total transaction of $224,672.00. Following the completion of the transaction, the senior vice president now directly owns 133,325 shares in the company, valued at approximately $3,733,100. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,236 shares of company stock worth $1,119,020. Insiders own 2.36% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Mesirow Financial Investment Management Equity Management purchased a new stake in Brooks Automation during the 3rd quarter worth approximately $15,902,000. Global X Management Co. LLC grew its position in Brooks Automation by 127.6% during the 4th quarter. Global X Management Co. LLC now owns 772,219 shares of the semiconductor company’s stock worth $18,417,000 after purchasing an additional 432,978 shares during the last quarter. Koch Industries Inc. purchased a new stake in Brooks Automation during the 2nd quarter worth approximately $391,000. Arrowstreet Capital Limited Partnership grew its position in Brooks Automation by 104.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 771,244 shares of the semiconductor company’s stock worth $18,394,000 after purchasing an additional 393,416 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Brooks Automation by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 6,675,027 shares of the semiconductor company’s stock worth $144,781,000 after purchasing an additional 392,115 shares during the last quarter. 89.02% of the stock is currently 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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