$207.25 Million in Sales Expected for Brooks Automation, Inc (NASDAQ:BRKS) This Quarter

Equities analysts expect that Brooks Automation, Inc (NASDAQ:BRKS) will report sales of $207.25 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Brooks Automation’s earnings, with the lowest sales estimate coming in at $207.00 million and the highest estimate coming in at $207.50 million. Brooks Automation reported sales of $203.88 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.7%. The firm is scheduled to report its next earnings results on Thursday, August 6th.

According to Zacks, analysts expect that Brooks Automation will report full year sales of $840.10 million for the current year, with estimates ranging from $827.00 million to $853.20 million. For the next fiscal year, analysts expect that the firm will report sales of $867.05 million, with estimates ranging from $815.00 million to $919.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Brooks Automation.

Brooks Automation (NASDAQ:BRKS) last announced its earnings results on Thursday, April 30th. The semiconductor company reported $0.25 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.25. Brooks Automation had a return on equity of 6.41% and a net margin of 52.96%. The company had revenue of $220.23 million during the quarter, compared to analyst estimates of $219.27 million. During the same period last year, the company posted $0.17 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year.

A number of analysts recently commented on BRKS shares. TheStreet lowered Brooks Automation from a “b-” rating to a “c+” rating in a research report on Thursday, March 19th. Needham & Company LLC started coverage on Brooks Automation in a research report on Tuesday, June 2nd. They issued a “hold” rating for the company. ValuEngine upgraded Brooks Automation from a “hold” rating to a “buy” rating in a research report on Friday, May 1st. Stifel Nicolaus lowered Brooks Automation from a “buy” rating to a “hold” rating and set a $46.00 price objective for the company. in a research report on Monday, June 22nd. Finally, Citigroup lifted their price objective on Brooks Automation from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $44.00.

Shares of NASDAQ:BRKS traded down $1.66 during midday trading on Friday, reaching $42.18. The company’s stock had a trading volume of 1,290,349 shares, compared to its average volume of 493,416. Brooks Automation has a fifty-two week low of $21.19 and a fifty-two week high of $50.35. The company has a market capitalization of $3.11 billion, a P/E ratio of 6.93 and a beta of 1.48. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.91 and a quick ratio of 2.36. The business’s fifty day simple moving average is $40.86 and its 200-day simple moving average is $37.78.

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, June 4th. Brooks Automation’s dividend payout ratio (DPR) is currently 51.95%.

In other news, CFO Lindon G. Robertson sold 12,132 shares of Brooks Automation stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $44.30, for a total transaction of $537,447.60. Following the transaction, the chief financial officer now owns 102,675 shares in the company, valued at approximately $4,548,502.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jason Joseph sold 6,000 shares of Brooks Automation stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $37.50, for a total value of $225,000.00. Following the transaction, the senior vice president now owns 93,698 shares in the company, valued at approximately $3,513,675. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,132 shares of company stock worth $1,135,148. Company insiders own 2.66% of the company’s stock.

Several large investors have recently added to or reduced their stakes in BRKS. William Blair Investment Management LLC bought a new position in shares of Brooks Automation during the 1st quarter valued at about $81,183,000. Waddell & Reed Financial Inc. lifted its holdings in shares of Brooks Automation by 375.5% during the 1st quarter. Waddell & Reed Financial Inc. now owns 1,308,128 shares of the semiconductor company’s stock valued at $39,898,000 after purchasing an additional 1,033,009 shares in the last quarter. FMR LLC lifted its stake in Brooks Automation by 226.6% in the 1st quarter. FMR LLC now owns 1,397,834 shares of the semiconductor company’s stock valued at $40,999,000 after acquiring an additional 969,851 shares in the last quarter. Norges Bank bought a new stake in Brooks Automation in the 4th quarter valued at approximately $39,389,000. Finally, Wells Fargo & Company MN lifted its stake in Brooks Automation by 23.7% in the 1st quarter. Wells Fargo & Company MN now owns 2,739,586 shares of the semiconductor company’s stock valued at $83,557,000 after acquiring an additional 525,602 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

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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Earnings History and Estimates for Brooks Automation (NASDAQ:BRKS)

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