Brooks Automation, Inc (NASDAQ:BRKS) declared a quarterly dividend on Wednesday, November 6th, Zacks reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.10 per share by the semiconductor company on Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Thursday, December 5th.
Brooks Automation stock opened at $41.61 on Tuesday. The firm has a 50 day simple moving average of $43.50 and a 200-day simple moving average of $38.42. Brooks Automation has a 1-year low of $23.02 and a 1-year high of $50.35. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.37 and a quick ratio of 2.01. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 54.04 and a beta of 1.39.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Brooks Automation had a net margin of 55.99% and a return on equity of 6.67%. The firm had revenue of $200.23 million for the quarter, compared to analyst estimates of $195.38 million. During the same quarter in the previous year, the company earned $0.40 EPS. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. Equities analysts expect that Brooks Automation will post 1.25 earnings per share for the current fiscal year.
BRKS has been the topic of a number of research analyst reports. Citigroup downgraded Brooks Automation from a “buy” rating to a “neutral” rating and reduced their target price for the company from $44.00 to $42.00 in a research report on Monday, September 23rd. ValuEngine cut Brooks Automation from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research cut Brooks Automation from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Stifel Nicolaus set a $43.00 price objective on Brooks Automation and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Finally, B. Riley set a $47.00 price objective on shares of Brooks Automation and gave the company a “buy” rating in a report on Wednesday, September 18th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Brooks Automation presently has a consensus rating of “Buy” and a consensus price target of $43.20.
In related news, SVP Jason Joseph sold 5,478 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $42.50, for a total value of $232,815.00. Following the sale, the senior vice president now owns 77,352 shares in the company, valued at approximately $3,287,460. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen S. Schwartz sold 108,391 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $45.25, for a total value of $4,904,692.75. Following the completion of the sale, the chief executive officer now owns 714,871 shares in the company, valued at approximately $32,347,912.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 218,648 shares of company stock worth $9,882,176. Company insiders own 2.45% of the company’s stock.
About Brooks Automation
Brooks Automation, Inc provides automation and cryogenic solutions for various markets. The company operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers mission-critical wafer automation and contamination controls solutions and services.
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