Brooks Automation, Inc Plans Quarterly Dividend of $0.10 (NASDAQ:BRKS)

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Brooks Automation, Inc (NASDAQ:BRKS) announced a quarterly dividend on Wednesday, November 6th, Zacks reports. Stockholders 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 dividend yield of 0.99%. The ex-dividend date is Thursday, December 5th.

NASDAQ BRKS opened at $40.37 on Wednesday. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 58.14 and a beta of 1.39. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.37. Brooks Automation has a one year low of $23.02 and a one year high of $50.35. The company’s 50 day moving average price is $43.56 and its 200 day moving average price is $38.43.

Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $200.23 million during the quarter, compared to the consensus estimate of $195.38 million. During the same period in the previous year, the firm earned $0.40 earnings per share. Brooks Automation’s revenue for the quarter was up 25.4% on a year-over-year basis. Sell-side analysts forecast that Brooks Automation will post 1.25 EPS for the current fiscal year.

In other Brooks Automation news, CEO Stephen S. Schwartz sold 108,391 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 714,871 shares of the company’s stock, valued at approximately $32,347,912.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Lindon G. Robertson sold 47,597 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $45.25, for a total value of $2,153,764.25. Following the sale, the chief financial officer now owns 248,015 shares of the company’s stock, valued at $11,222,678.75. The disclosure for this sale can be found here. Insiders have sold 218,648 shares of company stock worth $9,882,176 in the last quarter. Insiders own 2.45% of the company’s stock.

BRKS has been the subject of a number of research reports. Stifel Nicolaus set a $43.00 price target on shares of Brooks Automation and gave the stock a “buy” rating in a research report on Tuesday, September 17th. B. Riley set a $47.00 price objective on Brooks Automation and gave the company a “buy” rating in a research report on Wednesday, September 18th. TheStreet upgraded Brooks Automation from a “c+” rating to a “b-” rating in a research note on Wednesday, November 6th. Zacks Investment Research cut Brooks Automation from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Citigroup downgraded Brooks Automation from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $44.00 to $42.00 in a research report on Monday, September 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Brooks Automation currently has an average rating of “Hold” and a consensus price target of $43.20.

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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Dividend History for Brooks Automation (NASDAQ:BRKS)

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