Zacks: Brokerages Anticipate Brooks Automation, Inc. (NASDAQ:BRKS) to Post $0.78 EPS

Wall Street analysts forecast that Brooks Automation, Inc. (NASDAQ:BRKS) will announce earnings per share of $0.78 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Brooks Automation’s earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.76. Brooks Automation posted earnings per share of $0.51 during the same quarter last year, which indicates a positive year over year growth rate of 52.9%. The business is expected to announce its next quarterly earnings results on Tuesday, November 9th.

On average, analysts expect that Brooks Automation will report full year earnings of $2.58 per share for the current financial year, with EPS estimates ranging from $2.56 to $2.60. For the next fiscal year, analysts expect that the company will report earnings of $2.99 per share, with EPS estimates ranging from $2.87 to $3.15. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Brooks Automation.

Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Wednesday, August 4th. The semiconductor company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.03. Brooks Automation had a return on equity of 13.38% and a net margin of 10.74%. The firm had revenue of $315.35 million for the quarter, compared to analysts’ expectations of $308.47 million.

Several analysts have commented on BRKS shares. Needham & Company LLC restated a “buy” rating and issued a C$114.00 price objective on shares of Brooks Automation in a report on Monday, August 23rd. Zacks Investment Research raised shares of Brooks Automation from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Monday, August 9th. Finally, KeyCorp lifted their target price on shares of Brooks Automation from $115.00 to $146.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 7th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $93.56.

Shares of NASDAQ:BRKS traded up $7.13 on Wednesday, reaching $101.27. 70,154 shares of the company traded hands, compared to its average volume of 818,131. The company has a current ratio of 2.31, a quick ratio of 1.81 and a debt-to-equity ratio of 0.04. The business’s 50-day simple moving average is $86.62 and its 200 day simple moving average is $90.87. The stock has a market capitalization of $7.52 billion, a P/E ratio of 64.37 and a beta of 1.92. Brooks Automation has a 52 week low of $43.14 and a 52 week high of $108.72.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 24th. Shareholders of record on Friday, September 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Thursday, September 2nd. Brooks Automation’s dividend payout ratio (DPR) is presently 31.75%.

In other Brooks Automation news, SVP Jason Joseph sold 1,071 shares of Brooks Automation stock in a transaction dated Wednesday, July 21st. The shares were sold at an average price of $90.00, for a total transaction of $96,390.00. Following the completion of the sale, the senior vice president now directly owns 79,939 shares in the company, valued at $7,194,510. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David Pietrantoni sold 2,000 shares of Brooks Automation stock in a transaction dated Thursday, June 24th. The shares were sold at an average price of $95.00, for a total transaction of $190,000.00. Following the sale, the insider now owns 27,563 shares of the company’s stock, valued at $2,618,485. The disclosure for this sale can be found here. Insiders have sold 24,713 shares of company stock worth $2,337,025 over the last ninety days. 1.62% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of BRKS. FMR LLC grew its holdings in Brooks Automation by 226.6% during the 1st quarter. FMR LLC now owns 1,397,834 shares of the semiconductor company’s stock worth $40,999,000 after acquiring an additional 969,851 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new stake in shares of Brooks Automation during the 1st quarter worth approximately $204,000. The Manufacturers Life Insurance Company lifted its position in shares of Brooks Automation by 182.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 122,404 shares of the semiconductor company’s stock worth $9,994,000 after buying an additional 79,137 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Brooks Automation by 10.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 3,568 shares of the semiconductor company’s stock worth $291,000 after buying an additional 346 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Brooks Automation by 25.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 196,306 shares of the semiconductor company’s stock worth $16,028,000 after buying an additional 40,043 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.

Brooks Automation Company Profile

Brooks Automation, Inc engages in the provision of automation and cryogenic solutions for multiple markets, including semiconductor capital equipment and life science biological sample management and storage. It operates through the following segments: Brooks Semiconductor Solutions Group and Brooks Life Sciences Products and Brooks Life Sciences Services.

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