$0.23 EPS Expected for Brooks Automation, Inc (NASDAQ:BRKS) This Quarter

Wall Street brokerages predict that Brooks Automation, Inc (NASDAQ:BRKS) will report earnings per share (EPS) of $0.23 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Brooks Automation’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.24. Brooks Automation reported earnings per share of $0.22 during the same quarter last year, which indicates a positive year over year growth rate of 4.5%. The business is expected to issue its next earnings results on Monday, November 18th.

According to Zacks, analysts expect that Brooks Automation will report full year earnings of $0.76 per share for the current financial year, with EPS estimates ranging from $0.74 to $0.78. For the next financial year, analysts expect that the company will report earnings of $1.22 per share, with EPS estimates ranging from $1.05 to $1.45. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Brooks Automation.

Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Brooks Automation had a net margin of 4.78% and a return on equity of 6.89%. The firm had revenue of $203.88 million for the quarter, compared to analysts’ expectations of $205.14 million. During the same period in the prior year, the firm earned $0.21 EPS. The business’s revenue was up 18.3% on a year-over-year basis.

A number of research firms have weighed in on BRKS. Zacks Investment Research cut shares of Brooks Automation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. TheStreet lowered shares of Brooks Automation from a “b-” rating to a “c+” rating in a report on Tuesday, August 13th. BidaskClub raised shares of Brooks Automation from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Stephens reissued an “equal weight” rating and issued a $35.00 price target on shares of Brooks Automation in a report on Friday, August 23rd. Finally, B. Riley reaffirmed a “buy” rating and set a $47.00 target price (down previously from $51.00) on shares of Brooks Automation in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $38.50.

In related news, insider David Pietrantoni sold 3,333 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $41.00, for a total value of $136,653.00. Following the sale, the insider now owns 35,768 shares in the company, valued at $1,466,488. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.45% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. TimesSquare Capital Management LLC acquired a new position in shares of Brooks Automation during the first quarter valued at about $37,997,000. FMR LLC grew its stake in shares of 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 purchasing an additional 969,851 shares during the period. DF Dent & Co. Inc. grew its stake in shares of Brooks Automation by 30.2% during the 2nd quarter. DF Dent & Co. Inc. now owns 3,502,866 shares of the semiconductor company’s stock worth $135,736,000 after purchasing an additional 813,225 shares during the period. Invesco Ltd. lifted its position in shares of Brooks Automation by 61.2% during the 2nd quarter. Invesco Ltd. now owns 1,685,152 shares of the semiconductor company’s stock valued at $65,299,000 after buying an additional 639,558 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Brooks Automation by 32.9% during the 1st quarter. Wells Fargo & Company MN now owns 2,365,216 shares of the semiconductor company’s stock valued at $69,371,000 after buying an additional 585,715 shares in the last quarter.

BRKS traded up $0.21 during midday trading on Wednesday, hitting $38.62. The company had a trading volume of 7,751 shares, compared to its average volume of 395,190. The company has a quick ratio of 2.41, a current ratio of 3.01 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average price is $33.71 and its 200 day moving average price is $35.00. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 60.42 and a beta of 1.39. Brooks Automation has a 52 week low of $23.02 and a 52 week high of $42.25.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Thursday, September 5th. Brooks Automation’s dividend payout ratio (DPR) is presently 62.50%.

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 and Estimates for Brooks Automation (NASDAQ:BRKS)

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