Zacks: Analysts Anticipate Brooks Automation, Inc (BRKS) Will Post Earnings of $0.38 Per Share

Wall Street brokerages forecast that Brooks Automation, Inc (NASDAQ:BRKS) will post earnings of $0.38 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Brooks Automation’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.39. Brooks Automation reported earnings of $0.42 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 9.5%. The firm is expected to report its next earnings results on Thursday, November 8th.

On average, analysts expect that Brooks Automation will report full-year earnings of $1.55 per share for the current year, with EPS estimates ranging from $1.54 to $1.56. For the next year, analysts anticipate that the company will post earnings of $1.66 per share, with EPS estimates ranging from $1.55 to $1.75. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Brooks Automation.

BRKS has been the topic of several recent analyst reports. Zacks Investment Research raised Brooks Automation from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub downgraded Brooks Automation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Stephens reissued a “buy” rating and set a $35.00 target price on shares of Brooks Automation in a research note on Tuesday, August 7th. B. Riley lifted their target price on Brooks Automation from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, September 4th. Finally, Citigroup lifted their target price on Brooks Automation from $31.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, July 13th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $39.71.

Shares of NASDAQ BRKS traded down $1.50 during trading on Thursday, hitting $30.80. The company had a trading volume of 534,778 shares, compared to its average volume of 747,729. The company has a quick ratio of 2.48, a current ratio of 3.29 and a debt-to-equity ratio of 0.27. Brooks Automation has a 12 month low of $21.75 and a 12 month high of $39.75. The company has a market capitalization of $2.29 billion, a P/E ratio of 24.84 and a beta of 1.16.

In other Brooks Automation news, CFO Lindon G. Robertson sold 13,042 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $39.00, for a total transaction of $508,638.00. Following the completion of the transaction, the chief financial officer now owns 136,642 shares in the company, valued at approximately $5,329,038. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jason Joseph sold 1,965 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $38.00, for a total value of $74,670.00. Following the transaction, the vice president now owns 86,868 shares of the company’s stock, valued at approximately $3,300,984. The disclosure for this sale can be found here. Insiders have sold a total of 25,399 shares of company stock worth $913,377 in the last three months. 2.36% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Brooks Automation by 8.0% during the 2nd quarter. BlackRock Inc. now owns 9,707,904 shares of the semiconductor company’s stock valued at $316,670,000 after buying an additional 715,931 shares in the last quarter. Boston Partners grew its holdings in Brooks Automation by 0.5% during the 2nd quarter. Boston Partners now owns 2,051,596 shares of the semiconductor company’s stock valued at $66,924,000 after buying an additional 10,215 shares in the last quarter. DF Dent & Co. Inc. grew its holdings in Brooks Automation by 2.6% during the 2nd quarter. DF Dent & Co. Inc. now owns 1,898,579 shares of the semiconductor company’s stock valued at $61,932,000 after buying an additional 48,090 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in Brooks Automation by 17.8% during the 2nd quarter. Glenmede Trust Co. NA now owns 1,741,941 shares of the semiconductor company’s stock valued at $56,822,000 after buying an additional 263,030 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in Brooks Automation by 7.5% during the 3rd quarter. Jennison Associates LLC now owns 1,540,205 shares of the semiconductor company’s stock valued at $53,953,000 after buying an additional 107,670 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

About Brooks Automation

Brooks Automation, Inc provides automation and cryogenic solutions for various applications and markets. It operates in 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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