Equities research analysts expect Brooks Automation, Inc (NASDAQ:BRKS) to report $205.33 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Brooks Automation’s earnings. The lowest sales estimate is $200.00 million and the highest is $208.00 million. Brooks Automation posted sales of $181.88 million during the same quarter last year, which suggests a positive year over year growth rate of 12.9%. The firm is expected to report its next earnings results after the market closes on Monday, November 19th.

On average, analysts expect that Brooks Automation will report full-year sales of $825.40 million for the current fiscal year, with estimates ranging from $820.10 million to $828.10 million. For the next fiscal year, analysts forecast that the company will report sales of $849.13 million, with estimates ranging from $745.00 million to $913.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Brooks Automation.

A number of brokerages have weighed in on BRKS. Zacks Investment Research upgraded shares of Brooks Automation from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. Citigroup lifted their price target on shares of Brooks Automation from $38.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, September 25th. BidaskClub lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. Finally, B. Riley lifted their price target on shares of Brooks Automation from $40.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, September 4th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $40.00.

In other news, CEO Stephen S. Schwartz sold 3,976 shares of the firm’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $31.76, for a total value of $126,277.76. Following the transaction, the chief executive officer now owns 513,455 shares of the company’s stock, valued at approximately $16,307,330.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP David Jarzynka sold 1,661 shares of the firm’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $31.76, for a total transaction of $52,753.36. Following the completion of the transaction, the vice president now directly owns 21,391 shares in the company, valued at approximately $679,378.16. The disclosure for this sale can be found here. In the last three months, insiders sold 25,399 shares of company stock worth $913,377. Insiders own 2.36% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Psagot Investment House Ltd. purchased a new position in shares of Brooks Automation in the 2nd quarter valued at $103,000. Meeder Asset Management Inc. purchased a new stake in Brooks Automation during the 3rd quarter worth $104,000. Advisory Services Network LLC increased its stake in Brooks Automation by 2,387.2% during the 3rd quarter. Advisory Services Network LLC now owns 3,507 shares of the semiconductor company’s stock worth $123,000 after buying an additional 3,366 shares during the period. Tower Research Capital LLC TRC purchased a new stake in Brooks Automation during the 2nd quarter worth $138,000. Finally, Cim LLC purchased a new stake in Brooks Automation during the 3rd quarter worth $207,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Shares of BRKS traded down $0.89 during mid-day trading on Friday, reaching $29.91. The company had a trading volume of 495,283 shares, compared to its average volume of 567,782. The firm has a market cap of $2.28 billion, a PE ratio of 24.12 and a beta of 1.16. Brooks Automation has a fifty-two week low of $21.75 and a fifty-two week high of $39.75. The company has a quick ratio of 2.48, a current ratio of 3.29 and a debt-to-equity ratio of 0.27.

Brooks Automation Company Profile

Brooks Automation, Inc provides automation and cryogenic solutions for various applications and markets. It operates in 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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Earnings History and Estimates for Brooks Automation (NASDAQ:BRKS)

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