Analysts forecast that Brooks Automation, Inc (NASDAQ:BRKS) will announce sales of $198.57 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued 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 business is expected to announce its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Brooks Automation will report full year sales of $198.57 million for the current fiscal year, with estimates ranging from $770.00 million to $801.60 million. For the next year, analysts anticipate that the firm 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 research analysts that follow Brooks Automation.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. Brooks Automation had a return on equity of 14.43% and a net margin of 9.03%. The company had revenue of $189.33 million during the quarter, compared to analysts’ expectations of $184.48 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The business’s revenue was up 18.4% on a year-over-year basis.
In other Brooks Automation news, insider David Pietrantoni sold 7,575 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $26.89, for a total transaction of $203,691.75. Following the completion of the sale, the insider now directly owns 60,142 shares in the company, valued at $1,617,218.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David C. Gray sold 7,000 shares of the company’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $28.88, for a total value of $202,160.00. Following the sale, the insider now owns 91,806 shares of the company’s stock, valued at $2,651,357.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,289 shares of company stock valued at $1,938,012. 2.36% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Elkfork Partners LLC bought a new stake in Brooks Automation during the fourth quarter worth $163,000. Levin Capital Strategies L.P. bought a new stake in Brooks Automation during the fourth quarter worth $226,000. AMP Capital Investors Ltd bought a new stake in Brooks Automation during the third quarter worth $243,000. LS Investment Advisors LLC lifted its stake in Brooks Automation by 372.1% during the fourth quarter. LS Investment Advisors LLC now owns 11,245 shares of the semiconductor company’s stock worth $268,000 after purchasing an additional 8,863 shares during the last quarter. Finally, Sigma Planning Corp bought a new stake in Brooks Automation during the third quarter worth $304,000. Hedge funds and other institutional investors own 90.22% of the company’s stock.
Shares of Brooks Automation (NASDAQ:BRKS) traded down $1.10 during mid-day trading on Friday, hitting $29.05. The company had a trading volume of 512,811 shares, compared to its average volume of 916,348. 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 capitalization of $2,070.63, a PE ratio of 31.24 and a beta of 0.97. Brooks Automation has a fifty-two week low of $20.70 and a fifty-two week high of $34.77.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 2nd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, March 1st. Brooks Automation’s dividend payout ratio (DPR) is currently 43.01%.
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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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