$207.13 Million in Sales Expected for Brooks Automation, Inc (NASDAQ:BRKS) This Quarter

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Wall Street analysts expect Brooks Automation, Inc (NASDAQ:BRKS) to post $207.13 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Brooks Automation’s earnings. The highest sales estimate is $209.00 million and the lowest is $204.00 million. Brooks Automation posted sales of $179.37 million during the same quarter last year, which suggests a positive year over year growth rate of 15.5%. The company is expected to announce its next quarterly earnings results on Tuesday, February 4th.

According to Zacks, analysts expect that Brooks Automation will report full year sales of $881.77 million for the current financial year, with estimates ranging from $870.00 million to $900.00 million. For the next financial year, analysts forecast that the firm will report sales of $975.50 million, with estimates ranging from $970.00 million to $981.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow Brooks Automation.

Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $200.23 million for the quarter, compared to the consensus estimate of $195.38 million. Brooks Automation had a return on equity of 6.67% and a net margin of 55.99%. The firm’s revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 EPS.

Several equities analysts recently commented on the company. Stephens reiterated an “equal weight” rating and issued a $35.00 price objective on shares of Brooks Automation in a research note on Friday, August 23rd. TheStreet raised shares of Brooks Automation from a “c+” rating to a “b-” rating in a report on Wednesday, November 6th. Citigroup cut shares of Brooks Automation from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $44.00 to $42.00 in a report on Monday, September 23rd. Zacks Investment Research cut Brooks Automation from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, ValuEngine raised Brooks Automation from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Brooks Automation currently has an average rating of “Buy” and a consensus target price of $43.20.

Brooks Automation stock traded down $0.74 during midday trading on Thursday, reaching $44.77. The stock had a trading volume of 166,951 shares, compared to its average volume of 610,994. The company has a current ratio of 2.37, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average price of $43.09 and a two-hundred day moving average price of $38.33. The company has a market capitalization of $3.29 billion, a P/E ratio of 58.14 and a beta of 1.37. Brooks Automation has a 12 month low of $23.02 and a 12 month high of $50.35.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.89%. Brooks Automation’s payout ratio is 51.95%.

In other Brooks Automation news, insider David Pietrantoni sold 4,334 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $47.00, for a total value of $203,698.00. Following the sale, the insider now owns 28,101 shares in the company, valued at approximately $1,320,747. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David C. Gray sold 25,317 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $45.25, for a total transaction of $1,145,594.25. Following the completion of the sale, the insider now owns 110,018 shares in the company, valued at approximately $4,978,314.50. The disclosure for this sale can be found here. Insiders have sold 218,648 shares of company stock valued at $9,882,176 over the last quarter. Company insiders own 2.45% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. State of Tennessee Treasury Department grew its holdings in Brooks Automation by 0.8% during the 3rd quarter. State of Tennessee Treasury Department now owns 38,976 shares of the semiconductor company’s stock valued at $1,443,000 after purchasing an additional 325 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Brooks Automation by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 26,900 shares of the semiconductor company’s stock valued at $1,063,000 after acquiring an additional 400 shares during the last quarter. Strs Ohio lifted its position in Brooks Automation by 8.3% during the third quarter. Strs Ohio now owns 5,200 shares of the semiconductor company’s stock valued at $192,000 after acquiring an additional 400 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Brooks Automation by 2.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 21,670 shares of the semiconductor company’s stock worth $802,000 after buying an additional 440 shares during the last quarter. Finally, Mason Street Advisors LLC raised its holdings in shares of Brooks Automation by 1.8% in the third quarter. Mason Street Advisors LLC now owns 24,524 shares of the semiconductor company’s stock worth $908,000 after buying an additional 445 shares during the last quarter.

Brooks Automation Company Profile

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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