Brokerages Expect Brooks Automation (BRKS) Will Announce Quarterly Sales of $198.57 Million

Wall Street brokerages expect Brooks Automation (NASDAQ:BRKS) to announce sales of $198.57 million for the current quarter, Zacks reports. Three analysts have provided 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 in the same quarter last year, which would suggest 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 financial year, with estimates ranging from $770.00 million to $801.60 million. For the next fiscal year, analysts forecast that the business will report sales of $841.35 million per share, with estimates ranging from $815.00 million to $867.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Brooks Automation.

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Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings results 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. The business had revenue of $189.33 million for the quarter, compared to analyst estimates 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 was up 18.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS.

A number of brokerages recently issued reports on BRKS. BidaskClub raised shares of Brooks Automation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 9th. Stephens began coverage on shares of Brooks Automation in a research report on Thursday, December 21st. They set an “overweight” rating and a $32.00 price target for the company. Zacks Investment Research raised shares of Brooks Automation from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Tuesday, February 6th. B. Riley lifted their price target on shares of Brooks Automation from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Janney Montgomery Scott set a $35.00 price target on shares of Brooks Automation and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Brooks Automation has an average rating of “Buy” and an average price target of $32.88.

Shares of BRKS traded down $0.52 during trading hours on Wednesday, reaching $25.70. 579,788 shares of the company traded hands, compared to its average volume of 545,448. The firm has a market capitalization of $1,846.66, a price-to-earnings ratio of 20.73 and a beta of 0.96. The company has a current ratio of 3.33, a quick ratio of 2.56 and a debt-to-equity ratio of 0.31. Brooks Automation has a 12 month low of $21.17 and a 12 month high of $34.77.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 2nd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $0.40 dividend on an annualized basis and a yield of 1.56%. Brooks Automation’s dividend payout ratio (DPR) is currently 32.26%.

In other Brooks Automation news, insider Maurice H. Tenney sold 10,000 shares of Brooks Automation stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $28.00, for a total value of $280,000.00. Following the completion of the transaction, the insider now directly owns 166,798 shares of the company’s stock, valued at $4,670,344. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Pietrantoni sold 7,575 shares of Brooks Automation stock in a transaction dated 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 transaction, the insider now directly owns 60,142 shares of the company’s stock, valued at $1,617,218.38. The disclosure for this sale can be found here. Insiders sold 70,289 shares of company stock valued at $2,028,102 over the last ninety days. Corporate insiders own 2.36% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Elkfork Partners LLC purchased a new position in Brooks Automation in the fourth quarter worth about $163,000. AMP Capital Investors Ltd purchased a new position in Brooks Automation in the third quarter worth about $243,000. Levin Capital Strategies L.P. purchased a new position in Brooks Automation in the fourth quarter worth about $226,000. LS Investment Advisors LLC raised its holdings in Brooks Automation by 372.1% in the fourth quarter. LS Investment Advisors LLC now owns 11,245 shares of the semiconductor company’s stock worth $268,000 after buying an additional 8,863 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Brooks Automation in the fourth quarter worth about $357,000. 90.22% of the stock is owned by institutional investors and hedge funds.

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Brooks Automation Company Profile

Brooks Automation, Inc provides automation and cryogenic solutions for various applications and markets. It operates in 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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