Brooks Automation, Inc (NASDAQ:BRKS) Announces $0.10 Quarterly Dividend

Brooks Automation, Inc (NASDAQ:BRKS) announced a quarterly dividend on Wednesday, November 6th, Zacks reports. Investors of record on Friday, December 6th will be paid a dividend of 0.10 per share by the semiconductor company on Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Thursday, December 5th.

NASDAQ:BRKS opened at $41.61 on Tuesday. The company has a market capitalization of $3.23 billion, a PE ratio of 54.04 and a beta of 1.39. Brooks Automation has a 52-week low of $23.02 and a 52-week high of $50.35. The stock’s 50 day moving average price is $43.50 and its 200 day moving average price is $38.42. The company has a quick ratio of 2.01, a current ratio of 2.37 and a debt-to-equity ratio of 0.04.

Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The business had revenue of $200.23 million during the quarter, compared to the consensus estimate of $195.38 million. Brooks Automation had a return on equity of 6.67% and a net margin of 55.99%. The company’s revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 earnings per share. As a group, sell-side analysts anticipate that Brooks Automation will post 1.25 EPS for the current fiscal year.

A number of analysts recently weighed in on the stock. BidaskClub upgraded shares of Brooks Automation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. TheStreet upgraded shares of Brooks Automation from a “c+” rating to a “b-” rating in a research note on Wednesday, November 6th. B. Riley set a $47.00 target price on shares of Brooks Automation and gave the company a “buy” rating in a report on Wednesday, September 18th. ValuEngine downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Stifel Nicolaus set a $43.00 price target on Brooks Automation and gave the stock a “buy” rating in a report on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Brooks Automation currently has an average rating of “Buy” and an average target price of $43.20.

In related news, CEO Stephen S. Schwartz sold 108,391 shares of Brooks Automation stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $45.25, for a total value of $4,904,692.75. Following the transaction, the chief executive officer now directly owns 714,871 shares in the company, valued at approximately $32,347,912.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jason Joseph sold 5,478 shares of Brooks Automation stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $42.50, for a total transaction of $232,815.00. Following the completion of the transaction, the senior vice president now owns 77,352 shares in the company, valued at $3,287,460. The disclosure for this sale can be found here. Insiders have sold 218,648 shares of company stock valued at $9,882,176 in the last 90 days. Company insiders own 2.45% 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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Dividend History for Brooks Automation (NASDAQ:BRKS)

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