Brooks Automation, Inc. (BRKS) Earns “Hold” Rating from Needham & Company LLC
Several other analysts also recently commented on the company. Janney Montgomery Scott upped their price objective on Brooks Automation from $30.00 to $35.00 and gave the company a buy rating in a research note on Thursday, September 14th. ValuEngine downgraded Brooks Automation from a buy rating to a hold rating in a research note on Tuesday, August 22nd. B. Riley reaffirmed a buy rating and set a $34.00 price objective on shares of Brooks Automation in a research note on Tuesday, August 8th. Stifel Nicolaus raised Brooks Automation from a hold rating to a buy rating and upped their price objective for the company from $22.00 to $32.00 in a research note on Sunday, August 6th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Brooks Automation from a hold rating to a strong-buy rating and set a $26.00 price objective for the company in a research note on Friday, August 4th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $29.57.
Shares of Brooks Automation (BRKS) opened at 30.04 on Friday. Brooks Automation has a 12-month low of $12.71 and a 12-month high of $31.75. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 37.60 and a beta of 1.10. The company’s 50-day moving average price is $27.57 and its 200 day moving average price is $25.45.
Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.06. The firm had revenue of $181.72 million during the quarter, compared to the consensus estimate of $177.40 million. Brooks Automation had a return on equity of 11.25% and a net margin of 8.34%. The firm’s revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 EPS. On average, equities research analysts forecast that Brooks Automation will post $1.18 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, September 7th. Brooks Automation’s payout ratio is 50.00%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. USA Financial Portformulas Corp increased its position in Brooks Automation by 43.0% during the 2nd quarter. USA Financial Portformulas Corp now owns 38,960 shares of the semiconductor company’s stock worth $845,000 after purchasing an additional 11,709 shares during the period. Phocas Financial Corp. acquired a new position in Brooks Automation during the 2nd quarter worth approximately $5,117,000. Dynamic Technology Lab Private Ltd increased its position in Brooks Automation by 126.0% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 46,942 shares of the semiconductor company’s stock worth $1,018,000 after purchasing an additional 26,174 shares during the period. Koch Industries Inc. acquired a new position in Brooks Automation during the 2nd quarter worth approximately $391,000. Finally, Piedmont Investment Advisors LLC acquired a new position in Brooks Automation during the 2nd quarter worth approximately $327,000. Institutional investors own 90.39% of the company’s stock.
Brooks Automation Company Profile
Brooks Automation, Inc is a provider of automation and cryogenic solutions for various applications and markets. The Company operates through 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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