$0.27 EPS Expected for Brooks Automation, Inc. (BRKS) This Quarter
Equities analysts expect that Brooks Automation, Inc. (NASDAQ:BRKS) will post $0.27 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Brooks Automation’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.29. Brooks Automation posted earnings per share of $0.15 in the same quarter last year, which suggests a positive year over year growth rate of 80%. The company is expected to issue its next quarterly earnings results on Thursday, November 9th.
According to Zacks, analysts expect that Brooks Automation will report full-year earnings of $1.14 per share for the current fiscal year, with EPS estimates ranging from $1.09 to $1.18. For the next fiscal year, analysts anticipate that the business will post earnings of $1.23 per share, with EPS estimates ranging from $1.16 to $1.33. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Brooks Automation.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.06. The business had revenue of $181.72 million during the quarter, compared to analysts’ expectations of $177.40 million. Brooks Automation had a net margin of 8.34% and a return on equity of 11.25%. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 EPS.
BRKS has been the topic of a number of recent analyst reports. ValuEngine raised shares of Brooks Automation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. BidaskClub lowered shares of Brooks Automation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. B. Riley reissued a “buy” rating and issued a $32.00 price target on shares of Brooks Automation in a research report on Saturday, June 17th. Finally, Stifel Nicolaus raised shares of Brooks Automation from a “hold” rating to a “buy” rating and lifted their price target for the company from $22.00 to $32.00 in a research report on Sunday, August 6th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Brooks Automation presently has a consensus rating of “Buy” and an average target price of $27.43.
Brooks Automation (NASDAQ:BRKS) traded up 2.16% during midday trading on Wednesday, hitting $26.01. 398,847 shares of the stock traded hands. The company has a market cap of $1.75 billion, a PE ratio of 32.55 and a beta of 1.03. Brooks Automation has a one year low of $12.05 and a one year high of $30.23. The company’s 50-day moving average is $24.79 and its 200-day moving average is $24.02.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Thursday, September 7th. Brooks Automation’s dividend payout ratio (DPR) is currently 50.00%.
A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Brooks Automation by 49,535.5% in the first quarter. BlackRock Inc. now owns 8,670,335 shares of the semiconductor company’s stock worth $194,215,000 after buying an additional 8,652,867 shares during the period. Ameriprise Financial Inc. raised its position in shares of Brooks Automation by 146.4% in the first quarter. Ameriprise Financial Inc. now owns 1,794,660 shares of the semiconductor company’s stock worth $40,200,000 after buying an additional 1,066,297 shares during the period. Bank of New York Mellon Corp raised its position in shares of Brooks Automation by 23.7% in the second quarter. Bank of New York Mellon Corp now owns 2,555,177 shares of the semiconductor company’s stock worth $55,421,000 after buying an additional 489,434 shares during the period. Koch Industries Inc. bought a new position in shares of Brooks Automation during the second quarter worth about $391,000. Finally, Vanguard Group Inc. raised its position in shares of Brooks Automation by 6.2% in the second quarter. Vanguard Group Inc. now owns 6,675,027 shares of the semiconductor company’s stock worth $144,781,000 after buying an additional 392,115 shares during the period. 90.42% of the stock is currently owned by institutional investors and hedge funds.
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.
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