Brooks Automation Inc. (NASDAQ:BRKS) posted its quarterly earnings results on Thursday. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. During the same quarter in the previous year, the company earned $0.15 EPS. The company earned $147.53 million during the quarter, compared to analysts’ expectations of $144.40 million. The business’s quarterly revenue was up 1.8% on a year-over-year basis. Brooks Automation updated its Q4 guidance to $0.14-0.17 EPS.
In other news, SVP William T. Montone sold 5,000 shares of Brooks Automation stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $12.08, for a total transaction of $60,400.00. Following the completion of the sale, the senior vice president now owns 206,532 shares of the company’s stock, valued at $2,494,906.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jason Joseph sold 3,000 shares of Brooks Automation stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $11.50, for a total transaction of $34,500.00. Following the sale, the vice president now directly owns 178,233 shares of the company’s stock, valued at approximately $2,049,679.50. The disclosure for this sale can be found here.
Several analysts recently weighed in on BRKS shares. Zacks Investment Research downgraded Brooks Automation from a “buy” rating to a “hold” rating in a research note on Tuesday, April 5th. B. Riley restated a “buy” rating and issued a $16.50 price target on shares of Brooks Automation in a research note on Friday, April 29th. Finally, Credit Suisse Group AG restated a “sell” rating and issued a $9.80 price target on shares of Brooks Automation in a research note on Friday, April 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $12.86.
Brooks Automation, Inc is a global provider of automation, vacuum and instrumentation solutions for multiple markets, including semiconductor manufacturing, technology device manufacturing and life sciences. The Company operates in three segments: Brooks Product Solutions, Brooks Global Services and Brooks Life Science Systems.
