B. Riley Reiterates “Buy” Rating for Brooks Automation (NASDAQ:BRKS)

B. Riley reiterated their buy rating on shares of Brooks Automation (NASDAQ:BRKS) in a report issued on Monday, November 13th. The firm currently has a $34.00 price objective on the semiconductor company’s stock. B. Riley also issued estimates for Brooks Automation’s Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.38 EPS, FY2018 earnings at $1.36 EPS, Q1 2019 earnings at $0.38 EPS, Q2 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.43 EPS and FY2019 earnings at $1.65 EPS.

A number of other research firms have also weighed in on BRKS. Stifel Nicolaus increased their price objective on shares of Brooks Automation from $32.00 to $38.00 and gave the stock a buy rating in a research note on Wednesday, November 8th. Needham & Company LLC reissued a hold rating on shares of Brooks Automation in a report on Friday, October 6th. Citigroup increased their price target on shares of Brooks Automation from $31.00 to $34.00 and gave the stock a buy rating in a report on Friday, November 10th. Janney Montgomery Scott increased their price target on shares of Brooks Automation from $30.00 to $35.00 and gave the stock a buy rating in a report on Thursday, September 14th. Finally, Zacks Investment Research downgraded shares of Brooks Automation from a buy rating to a hold rating in a report on Friday, November 10th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $31.57.

Shares of Brooks Automation (BRKS) traded down $1.08 during trading on Monday, reaching $23.81. 3,159,043 shares of the company’s stock were exchanged, compared to its average volume of 1,185,331. The firm has a market cap of $1,749.98, a price-to-earnings ratio of 22.63 and a beta of 0.95. Brooks Automation has a twelve month low of $15.34 and a twelve month high of $34.77.

Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.06. The firm had revenue of $181.88 million for the quarter, compared to analyst estimates of $174.66 million. Brooks Automation had a net margin of 9.04% and a return on equity of 13.40%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 earnings per share. analysts expect that Brooks Automation will post 1.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, November 30th. Brooks Automation’s payout ratio is 44.44%.

In other news, SVP William T. Montone sold 2,257 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $33.80, for a total value of $76,286.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP David Jarzynka sold 2,476 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $33.80, for a total transaction of $83,688.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,258 shares of company stock worth $1,995,532. Insiders own 2.24% of the company’s stock.

Several large investors have recently bought and sold shares of BRKS. Quantbot Technologies LP purchased a new position in shares of Brooks Automation in the second quarter worth about $104,000. Advisor Group Inc. purchased a new position in shares of Brooks Automation in the second quarter worth about $122,000. Riverhead Capital Management LLC lifted its stake in shares of Brooks Automation by 49.9% in the second quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock worth $123,000 after buying an additional 1,897 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of Brooks Automation by 6.1% in the second quarter. Ameritas Investment Partners Inc. now owns 6,038 shares of the semiconductor company’s stock worth $131,000 after buying an additional 348 shares in the last quarter. Finally, Flinton Capital Management LLC lifted its stake in shares of Brooks Automation by 49.3% in the second quarter. Flinton Capital Management LLC now owns 6,272 shares of the semiconductor company’s stock worth $136,000 after buying an additional 2,072 shares in the last quarter. 90.27% of the stock is currently owned by hedge funds and other institutional investors.

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About Brooks Automation

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.

Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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