Brooks Automation (NASDAQ:BRKS) Announces Earnings Results, Beats Estimates By $0.12 EPS

Brooks Automation (NASDAQ:BRKS) posted its earnings results on Thursday. The semiconductor company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.12, MarketWatch Earnings reports. Brooks Automation had a net margin of 52.69% and a return on equity of 6.61%. The company had revenue of $220.35 million for the quarter, compared to analyst estimates of $207.25 million. Brooks Automation updated its Q4 2020
After-Hours guidance to 0.32-0.40 EPS and its Q4 guidance to $0.32-0.40 EPS.

Shares of NASDAQ:BRKS opened at $54.45 on Friday. The company’s 50-day moving average price is $43.78 and its two-hundred day moving average price is $38.24. Brooks Automation has a one year low of $21.19 and a one year high of $54.53. 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 stock has a market capitalization of $4.02 billion, a PE ratio of 8.81 and a beta of 1.49.

In related news, SVP William T. Montone sold 1,612 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $45.00, for a total transaction of $72,540.00. Following the completion of the transaction, the senior vice president now directly owns 105,748 shares of the company’s stock, valued at $4,758,660. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David C. Gray sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $45.00, for a total value of $180,000.00. Following the completion of the transaction, the insider now owns 72,179 shares of the company’s stock, valued at $3,248,055. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,744 shares of company stock valued at $2,068,688. Company insiders own 2.66% of the company’s stock.

A number of research firms recently commented on BRKS. Stifel Nicolaus cut shares of 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. BidaskClub raised Brooks Automation from a “hold” rating to a “buy” rating in a research report on Friday, June 19th. Citigroup boosted their price objective on shares of Brooks Automation from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Needham & Company LLC assumed coverage on Brooks Automation in a report on Tuesday, June 2nd. They set a “hold” rating for the company. Finally, ValuEngine raised Brooks Automation from a “hold” rating to a “buy” rating in a research note on Friday, May 1st. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Brooks Automation currently has a consensus rating of “Hold” and a consensus target price of $45.83.

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 for Brooks Automation (NASDAQ:BRKS)

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