Brooks Automation Inc. (BRKS) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS
Brooks Automation Inc. (NASDAQ:BRKS) issued its quarterly earnings results on Thursday. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.07. The business had revenue of $157.55 million for the quarter, compared to analysts’ expectations of $145.77 million. Brooks Automation had a negative net margin of 12.40% and a positive return on equity of 5.75%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 EPS. Brooks Automation updated its Q1 guidance to $0.18-0.22 EPS.
Shares of Brooks Automation (NASDAQ:BRKS) opened at 15.00 on Monday. The firm has a 50-day moving average of $13.44 and a 200-day moving average of $12.09. The company’s market capitalization is $991.80 million. Brooks Automation has a one year low of $8.33 and a one year high of $15.25.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Friday, December 2nd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 2.67%. Brooks Automation’s dividend payout ratio is currently -39.22%.
In related news, insider David C. Gray sold 6,441 shares of the stock in a transaction on Friday, September 16th. The shares were sold at an average price of $12.74, for a total transaction of $82,058.34. Following the sale, the insider now directly owns 138,834 shares of the company’s stock, valued at $1,768,745.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.15% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the company. Deprince Race & Zollo Inc. purchased a new stake in shares of Brooks Automation during the second quarter worth about $8,793,000. Genesee Valley Trust Co. increased its stake in shares of Brooks Automation by 8.5% in the second quarter. Genesee Valley Trust Co. now owns 12,745 shares of the company’s stock worth $143,000 after buying an additional 1,000 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Brooks Automation by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 30,400 shares of the company’s stock worth $341,000 after buying an additional 100 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Brooks Automation by 2.5% in the second quarter. Nisa Investment Advisors LLC now owns 36,954 shares of the company’s stock worth $415,000 after buying an additional 900 shares during the period. Finally, North Star Investment Management Corp. purchased a new stake in shares of Brooks Automation during the second quarter worth about $561,000. 92.02% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently weighed in on BRKS. B. Riley reiterated a “buy” rating and set a $16.00 price target on shares of Brooks Automation in a research note on Monday, November 7th. Citigroup Inc. lowered their target price on shares of Brooks Automation from $12.50 to $9.30 and set a “neutral” rating on the stock in a research note on Monday, September 12th. Janney Montgomery Scott began coverage on shares of Brooks Automation in a research note on Tuesday, September 13th. They set a “buy” rating and a $20.00 target price on the stock. TheStreet upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 24th. Finally, Zacks Investment Research upgraded shares of Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $15.72.
Brooks Automation Company Profile
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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