Analysts expect that Brooks Automation, Inc (NASDAQ:BRKS) will report $198.57 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Brooks Automation’s earnings. The lowest sales estimate is $195.00 million and the highest is $200.60 million. Brooks Automation posted sales of $169.33 million in the same quarter last year, which suggests a positive year over year growth rate of 17.3%. The business is expected to announce its next earnings results on Thursday, April 26th.
On average, analysts expect that Brooks Automation will report full year sales of $198.57 million for the current year, with estimates ranging from $770.00 million to $801.60 million. For the next financial year, analysts forecast that the business will report sales of $841.35 million per share, with estimates ranging from $815.00 million to $867.70 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Brooks Automation.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.03. Brooks Automation had a net margin of 9.03% and a return on equity of 14.43%. The business had revenue of $189.33 million for the quarter, compared to the consensus estimate of $184.48 million. During the same period last year, the firm earned $0.25 earnings per share. The company’s quarterly revenue was up 18.4% on a year-over-year basis.
Brooks Automation (NASDAQ:BRKS) traded up $0.13 on Friday, reaching $29.34. 156,090 shares of the company’s stock traded hands, compared to its average volume of 924,372. The company has a quick ratio of 2.56, a current ratio of 3.33 and a debt-to-equity ratio of 0.31. Brooks Automation has a fifty-two week low of $20.63 and a fifty-two week high of $34.77. The company has a market capitalization of $2,078.38, a P/E ratio of 31.41 and a beta of 0.97.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.36%. Brooks Automation’s payout ratio is 43.01%.
In related news, insider David C. Gray sold 7,000 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $28.88, for a total transaction of $202,160.00. Following the completion of the transaction, the insider now directly owns 91,806 shares of the company’s stock, valued at $2,651,357.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William T. Montone sold 8,024 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $28.00, for a total transaction of $224,672.00. Following the transaction, the senior vice president now directly owns 133,325 shares of the company’s stock, valued at $3,733,100. The disclosure for this sale can be found here. Insiders have sold a total of 45,811 shares of company stock worth $1,293,672 over the last 90 days. Insiders own 2.36% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. North Star Investment Management Corp. grew its stake in Brooks Automation by 4.0% during the fourth quarter. North Star Investment Management Corp. now owns 52,000 shares of the semiconductor company’s stock valued at $1,240,000 after acquiring an additional 2,000 shares in the last quarter. California Public Employees Retirement System grew its stake in Brooks Automation by 1.2% during the fourth quarter. California Public Employees Retirement System now owns 170,603 shares of the semiconductor company’s stock valued at $4,069,000 after acquiring an additional 2,062 shares in the last quarter. QS Investors LLC grew its stake in Brooks Automation by 3.5% during the fourth quarter. QS Investors LLC now owns 63,343 shares of the semiconductor company’s stock valued at $1,511,000 after acquiring an additional 2,113 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in Brooks Automation by 6.5% during the fourth quarter. UBS Asset Management Americas Inc. now owns 40,521 shares of the semiconductor company’s stock valued at $966,000 after acquiring an additional 2,468 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in Brooks Automation by 11.2% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 29,050 shares of the semiconductor company’s stock valued at $693,000 after acquiring an additional 2,920 shares in the last quarter. 90.22% of the stock is owned by institutional investors.
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About Brooks Automation
Brooks Automation, Inc is a provider of automation and cryogenic solutions for various applications and markets. The Company operates through two segments: Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers critical automated transport, vacuum and contamination controls solutions and services.
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