Brooks Automation, Inc (BRKS) Expected to Post Earnings of $0.10 Per Share

Wall Street brokerages forecast that Brooks Automation, Inc (NASDAQ:BRKS) will post earnings of $0.10 per share for the current quarter, Zacks reports. Three analysts have made estimates for Brooks Automation’s earnings. The lowest EPS estimate is $0.09 and the highest is $0.10. Brooks Automation reported earnings of $0.47 per share in the same quarter last year, which indicates a negative year over year growth rate of 78.7%. The firm 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 year, analysts forecast that the firm will report earnings of $1.33 per share, with EPS estimates ranging from $1.30 to $1.40. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Brooks Automation.

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



Several brokerages have commented on BRKS. BidaskClub lowered shares of Brooks Automation from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Brooks Automation from a “strong sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, ValuEngine upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a research note on Tuesday, November 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $37.00.

Shares of NASDAQ:BRKS traded down $1.51 during trading hours on Tuesday, hitting $29.51. The stock had a trading volume of 648,767 shares, compared to its average volume of 771,054. Brooks Automation has a 1-year low of $23.02 and a 1-year high of $39.75. The firm 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.

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

In other news, VP Jason Joseph sold 3,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 91,014 shares in the company, valued at $3,048,969. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP William T. Montone sold 7,500 shares of the stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $32.50, for a total transaction of $243,750.00. Following the completion of the transaction, the senior vice president now owns 116,040 shares of the company’s stock, valued at $3,771,300. The disclosure for this sale can be found here. Insiders sold 23,704 shares of company stock worth $767,482 in the last 90 days. 2.45% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of BRKS. Oregon Public Employees Retirement Fund bought a new position in shares of Brooks Automation in the fourth quarter valued at approximately $27,000. First Manhattan Co. bought a new position in shares of Brooks Automation in the fourth quarter valued at approximately $47,000. First Mercantile Trust Co. boosted its holdings in shares of Brooks Automation by 19.5% in the fourth quarter. First Mercantile Trust Co. now owns 3,430 shares of the semiconductor company’s stock valued at $90,000 after acquiring an additional 560 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Brooks Automation by 22.3% in the fourth quarter. Bank of Montreal Can now owns 4,150 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 757 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Brooks Automation by 25.4% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,541 shares of the semiconductor company’s stock worth $159,000 after buying an additional 1,324 shares in the last quarter. Institutional investors and hedge funds own 98.27% of the company’s stock.

Brooks Automation Company Profile

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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