Brooks Automation Inc. (BRKS) Releases Q1 Earnings Guidance
Brooks Automation Inc. (NASDAQ:BRKS) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.18-0.22 for the period, compared to the Thomson Reuters consensus estimate of $0.18. The company issued revenue guidance of $157-162 million, compared to the consensus revenue estimate of $151.37 million.
Shares of Brooks Automation Inc. (NASDAQ:BRKS) opened at 14.18 on Friday. Brooks Automation Inc. has a 1-year low of $8.33 and a 1-year high of $15.25. The firm’s market capitalization is $937.58 million. The company has a 50-day moving average price of $13.41 and a 200 day moving average price of $12.05.
Brooks Automation (NASDAQ:BRKS) last issued its earnings results on Thursday, November 10th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.07. The firm had revenue of $157.55 million for the quarter, compared to analyst estimates of $145.77 million. Brooks Automation had a positive return on equity of 4.92% and a negative net margin of 13.39%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share. On average, equities research analysts predict that Brooks Automation Inc. will post $0.41 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Friday, December 2nd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.82%. Brooks Automation’s payout ratio is presently -37.38%.
A number of analysts recently issued reports on the company. B. Riley reiterated a buy rating and set a $16.00 price objective on shares of Brooks Automation in a research note on Monday. Citigroup Inc. upgraded Brooks Automation from a neutral rating to a buy rating and boosted their price objective for the company from $12.50 to $16.50 in a research note on Wednesday, October 12th. Janney Montgomery Scott assumed coverage on Brooks Automation in a research note on Tuesday, September 13th. They set a buy rating and a $20.00 price objective on the stock. TheStreet upgraded Brooks Automation from a hold rating to a buy rating in a research note on Wednesday, August 24th. Finally, Zacks Investment Research upgraded Brooks Automation from a sell rating to a hold rating in a research note on Monday, August 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $15.05.
In other news, insider David C. Gray sold 6,441 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $12.74, for a total value of $82,058.34. Following the completion of the sale, the insider now owns 138,834 shares of the company’s stock, valued at approximately $1,768,745.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.15% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in Brooks Automation during the third quarter worth approximately $114,000. Paloma Partners Management Co acquired a new position in Brooks Automation during the second quarter worth approximately $139,000. KCG Holdings Inc. acquired a new position in Brooks Automation during the third quarter worth approximately $174,000. Nuveen Fund Advisors LLC acquired a new position in Brooks Automation during the second quarter worth approximately $177,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Brooks Automation during the second quarter worth approximately $184,000. 92.02% of the stock is owned by institutional investors and hedge funds.
About Brooks Automation
Brooks Automation, Inc is a global provider of automation, vacuum and instrumentation solutions for multiple markets, including semiconductor manufacturing, technology device manufacturing and life sciences. The Company operates in three segments: Brooks Product Solutions, Brooks Global Services and Brooks Life Science Systems.
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