Brooks Automation (NASDAQ:BRKS) Posts Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Brooks Automation (NASDAQ:BRKS) released its quarterly earnings results on Thursday. The semiconductor company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.12, MarketWatch Earnings reports. The company had revenue of $220.35 million for the quarter, compared to analysts’ expectations of $207.25 million. Brooks Automation had a return on equity of 6.61% and a net margin of 52.69%. Brooks Automation updated its Q4 2020
After-Hours guidance to 0.32-0.40 EPS and its Q4 guidance to $0.32-0.40 EPS.

NASDAQ:BRKS traded up $7.14 on Friday, hitting $54.45. The stock had a trading volume of 1,209,952 shares, compared to its average volume of 380,902. The business’s fifty day moving average is $43.78 and its 200 day moving average is $38.24. The company has a market cap of $3.49 billion, a PE ratio of 45.49 and a beta of 1.49. The company has a quick ratio of 2.36, a current ratio of 2.91 and a debt-to-equity ratio of 0.07. Brooks Automation has a 52 week low of $21.19 and a 52 week high of $54.53.

Several analysts recently commented on the company. Citigroup upped their target price on Brooks Automation from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Zacks Investment Research cut Brooks Automation from a “buy” rating to a “hold” rating in a report on Tuesday, June 30th. Stifel Nicolaus cut Brooks Automation from a “buy” rating to a “hold” rating and set a $46.00 target price on the stock. in a report on Monday, June 22nd. Credit Suisse Group reiterated a “hold” rating and issued a $40.00 target price on shares of Brooks Automation in a report on Friday. Finally, B. Riley upped their target price on Brooks Automation from $55.00 to $65.00 in a report on Friday. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $45.83.

In other news, Director Joseph R. Martin sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $40.54, for a total value of $202,700.00. Following the transaction, the director now owns 83,619 shares in the company, valued at $3,389,914.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Lindon G. Robertson sold 12,132 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $44.30, for a total value of $537,447.60. Following the completion of the transaction, the chief financial officer now owns 102,675 shares in the company, valued at approximately $4,548,502.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,744 shares of company stock worth $2,068,688. Corporate insiders own 2.66% of the company’s stock.

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 for Brooks Automation (NASDAQ:BRKS)

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