$0.10 Earnings Per Share Expected for Brooks Automation, Inc (BRKS) This Quarter

Share on StockTwits

Equities analysts expect Brooks Automation, Inc (NASDAQ:BRKS) to announce $0.10 earnings per share for the current quarter, according to Zacks. Three analysts have made estimates for Brooks Automation’s earnings, with the highest EPS estimate coming in at $0.10 and the lowest estimate coming in at $0.09. Brooks Automation reported earnings per share of $0.47 in the same quarter last year, which indicates a negative year over year growth rate of 78.7%. The business is scheduled to announce its next quarterly earnings results on Tuesday, May 7th.

According to Zacks, analysts expect that Brooks Automation will report full-year earnings of $0.75 per share for the current financial year, with EPS estimates ranging from $0.70 to $0.80. For the next fiscal year, analysts expect that the company will report earnings of $1.33 per share, with EPS estimates ranging from $1.30 to $1.40. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Brooks Automation.

Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings results on Tuesday, February 5th. The semiconductor company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. The business had revenue of $179.37 million for the quarter, compared to the consensus estimate of $174.46 million. Brooks Automation had a net margin of 14.86% and a return on equity of 11.80%. Brooks Automation’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS.

A number of research firms have recently weighed in on BRKS. BidaskClub upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a report on Wednesday, February 20th. Zacks Investment Research upgraded shares of Brooks Automation from a “strong sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, ValuEngine upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a report on Tuesday, November 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $37.00.

In related news, VP Jason Joseph sold 3,000 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $33.50, for a total value of $100,500.00. Following the transaction, the vice president now directly owns 91,014 shares in the company, valued at approximately $3,048,969. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Maurice H. Tenney sold 10,204 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $32.51, for a total transaction of $331,732.04. Following the completion of the transaction, the insider now owns 136,556 shares in the company, valued at $4,439,435.56. The disclosure for this sale can be found here. Insiders sold a total of 23,704 shares of company stock worth $767,482 over the last quarter. 2.45% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Brooks Automation by 2.2% in the 4th quarter. BlackRock Inc. now owns 10,354,003 shares of the semiconductor company’s stock valued at $271,068,000 after buying an additional 223,060 shares during the last quarter. Vanguard Group Inc. grew its stake in Brooks Automation by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 7,208,353 shares of the semiconductor company’s stock valued at $252,508,000 after buying an additional 387,119 shares during the last quarter. Vanguard Group Inc grew its stake in Brooks Automation by 5.7% in the 3rd quarter. Vanguard Group Inc now owns 7,208,353 shares of the semiconductor company’s stock valued at $252,508,000 after buying an additional 387,119 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Brooks Automation by 35.1% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,116,115 shares of the semiconductor company’s stock valued at $81,580,000 after buying an additional 809,567 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Brooks Automation by 6.7% in the 4th quarter. Bank of New York Mellon Corp now owns 2,084,225 shares of the semiconductor company’s stock valued at $54,565,000 after buying an additional 130,772 shares during the last quarter. Institutional investors and hedge funds own 98.27% of the company’s stock.

Shares of Brooks Automation stock traded down $1.51 during midday trading on Tuesday, reaching $29.51. 648,767 shares of the company’s stock traded hands, compared to its average volume of 771,054. The company has a market capitalization of $2.09 billion, a P/E ratio of 46.11 and a beta of 1.33. The company has a current ratio of 2.73, a quick ratio of 2.15 and a debt-to-equity ratio of 0.73. Brooks Automation has a 52 week low of $23.02 and a 52 week high of $39.75.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.36%. Brooks Automation’s dividend payout ratio is currently 62.50%.

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.

Read More: What Are Cryptocurrencies?

Get a free copy of the Zacks research report on Brooks Automation (BRKS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Brooks Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brooks Automation and related companies with MarketBeat.com's FREE daily email newsletter.