$0.16 Earnings Per Share Expected for Brooks Automation, Inc (NASDAQ:BRKS) This Quarter

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Brokerages expect Brooks Automation, Inc (NASDAQ:BRKS) to announce $0.16 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Brooks Automation’s earnings. Brooks Automation posted earnings of $0.52 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 69.2%. The business is scheduled to issue its next earnings results on Monday, August 5th.

According to Zacks, analysts expect that Brooks Automation will report full-year earnings of $0.76 per share for the current fiscal year, with EPS estimates ranging from $0.72 to $0.79. For the next fiscal year, analysts forecast that the company will report earnings of $1.38 per share, with EPS estimates ranging from $1.26 to $1.57. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Brooks Automation.

Brooks Automation (NASDAQ:BRKS) last posted its earnings results on Monday, April 29th. The semiconductor company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.07. Brooks Automation had a net margin of 6.68% and a return on equity of 9.45%. The company had revenue of $198.00 million during the quarter, compared to analyst estimates of $193.24 million. During the same period in the prior year, the business posted $0.40 earnings per share. Brooks Automation’s revenue for the quarter was up 26.1% on a year-over-year basis.

BRKS has been the subject of several research analyst reports. Stifel Nicolaus raised their price objective on shares of Western Digital from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. BidaskClub lowered shares of Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. Finally, Zacks Investment Research lowered shares of General Finance from a “buy” rating to a “hold” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Brooks Automation currently has an average rating of “Buy” and a consensus price target of $39.71.

BRKS traded up $0.03 on Friday, hitting $39.34. The company had a trading volume of 22,107 shares, compared to its average volume of 492,646. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.86 and a quick ratio of 2.25. Brooks Automation has a 52-week low of $23.02 and a 52-week high of $42.17. The business has a fifty day simple moving average of $38.60. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 60.89 and a beta of 1.38.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were issued a $0.10 dividend. The ex-dividend date was Thursday, June 6th. This represents a $0.40 annualized dividend and a yield of 1.02%. Brooks Automation’s dividend payout ratio (DPR) is presently 62.50%.

In other Brooks Automation news, SVP William T. Montone sold 4,539 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $34.54, for a total transaction of $156,777.06. Following the completion of the transaction, the senior vice president now owns 113,809 shares of the company’s stock, valued at $3,930,962.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Pietrantoni sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $35.51, for a total transaction of $284,080.00. Following the transaction, the insider now directly owns 43,101 shares of the company’s stock, valued at approximately $1,530,516.51. The disclosure for this sale can be found here. Insiders have sold 24,163 shares of company stock valued at $893,669 in the last ninety days. Insiders own 2.45% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in BRKS. Oregon Public Employees Retirement Fund boosted its stake in shares of Brooks Automation by 1.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 28,297 shares of the semiconductor company’s stock worth $1,097,000 after acquiring an additional 500 shares during the last quarter. Penbrook Management LLC purchased a new position in shares of Brooks Automation during the 2nd quarter worth $323,000. Louisiana State Employees Retirement System boosted its stake in shares of Brooks Automation by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 26,900 shares of the semiconductor company’s stock worth $1,063,000 after acquiring an additional 400 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Brooks Automation during the 2nd quarter worth $3,069,000. Finally, Park National Corp OH purchased a new position in shares of Brooks Automation during the 2nd quarter worth $212,000. 98.54% of the stock is owned by institutional investors and hedge funds.

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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