Analysts Expect Brooks Automation, Inc. (BRKS) Will Post Earnings of $0.28 Per Share
Brokerages expect Brooks Automation, Inc. (NASDAQ:BRKS) to announce earnings per share of $0.28 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Brooks Automation’s earnings. The highest EPS estimate is $0.29 and the lowest is $0.27. Brooks Automation reported earnings of $0.15 per share in the same quarter last year, which would suggest a positive year over year growth rate of 86.7%. The firm is scheduled to report its next quarterly earnings results on Thursday, November 9th.
On average, analysts expect that Brooks Automation will report full year earnings of $1.17 per share for the current year, with EPS estimates ranging from $1.16 to $1.18. For the next financial year, analysts anticipate that the business will post earnings of $1.32 per share, with EPS estimates ranging from $1.30 to $1.33. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover Brooks Automation.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. Brooks Automation had a net margin of 8.34% and a return on equity of 11.25%. The firm had revenue of $181.72 million for the quarter, compared to analysts’ expectations of $177.40 million. During the same period last year, the firm earned $0.16 earnings per share. The business’s revenue for the quarter was up 23.2% on a year-over-year basis.
BRKS has been the subject of several recent research reports. BidaskClub cut shares of Brooks Automation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Janney Montgomery Scott increased their price objective on shares of Brooks Automation from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday. Credit Suisse Group reiterated a “hold” rating and set a $26.00 price objective on shares of Brooks Automation in a research report on Thursday, August 3rd. Stifel Nicolaus upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating and increased their price objective for the stock from $22.00 to $32.00 in a research report on Sunday, August 6th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a research report on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Brooks Automation presently has a consensus rating of “Buy” and a consensus target price of $29.57.
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Shares of Brooks Automation (BRKS) traded up 1.09% during trading on Monday, reaching $28.84. 206,342 shares of the company’s stock were exchanged. Brooks Automation has a 52-week low of $12.56 and a 52-week high of $30.23. The stock’s 50 day moving average price is $25.39 and its 200-day moving average price is $24.54. The stock has a market cap of $1.94 billion, a PE ratio of 36.10 and a beta of 1.07.
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 paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, September 7th. Brooks Automation’s dividend payout ratio is presently 50.00%.
A number of hedge funds and other institutional investors have recently modified their holdings of BRKS. Quantbot Technologies LP bought a new position in Brooks Automation during the second quarter worth $104,000. Neuburgh Advisers LLC boosted its stake in Brooks Automation by 29.3% during the first quarter. Neuburgh Advisers LLC now owns 5,100 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 1,156 shares in the last quarter. Advisor Group Inc. bought a new position in Brooks Automation during the second quarter worth $122,000. Riverhead Capital Management LLC boosted its stake in Brooks Automation by 49.9% during the second quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 1,897 shares in the last quarter. Finally, Ameritas Investment Partners Inc. bought a new position in Brooks Automation during the first quarter worth $127,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.
Brooks Automation Company Profile
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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