Brooks Automation, Inc (NASDAQ:BRKS) – Equities researchers at B. Riley increased their Q2 2018 earnings estimates for Brooks Automation in a research note issued to investors on Friday. B. Riley analyst C. Ellis now expects that the semiconductor company will earn $0.37 per share for the quarter, up from their previous estimate of $0.32. B. Riley currently has a “Buy” rating and a $38.00 price target on the stock. B. Riley also issued estimates for Brooks Automation’s Q3 2018 earnings at $0.41 EPS, Q4 2018 earnings at $0.40 EPS, Q1 2019 earnings at $0.41 EPS, Q2 2019 earnings at $0.44 EPS, Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.47 EPS, FY2019 earnings at $1.78 EPS and Q1 2020 earnings at $0.49 EPS.

Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The business had revenue of $189.33 million for the quarter, compared to analysts’ expectations of $184.48 million. Brooks Automation had a return on equity of 14.66% and a net margin of 9.03%. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS.

Several other analysts have also recently issued reports on BRKS. Stifel Nicolaus upped their price objective on Brooks Automation from $32.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Citigroup boosted their target price on Brooks Automation from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Zacks Investment Research downgraded Brooks Automation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Stephens began coverage on Brooks Automation in a research report on Thursday, December 21st. They set an “overweight” rating and a $32.00 target price on the stock. Finally, BidaskClub raised Brooks Automation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $32.63.

Shares of Brooks Automation (NASDAQ BRKS) opened at $26.94 on Monday. The stock has a market capitalization of $1,896.95, a P/E ratio of 28.96 and a beta of 0.95. Brooks Automation has a twelve month low of $19.97 and a twelve month high of $34.77.

Several hedge funds and other institutional investors have recently modified their holdings of BRKS. Mesirow Financial Investment Management Equity Management purchased a new stake in Brooks Automation in the third quarter valued at about $15,902,000. Koch Industries Inc. purchased a new stake in Brooks Automation in the second quarter valued at about $391,000. Vanguard Group Inc. raised its stake in Brooks Automation by 6.2% in the second quarter. Vanguard Group Inc. now owns 6,675,027 shares of the semiconductor company’s stock valued at $144,781,000 after buying an additional 392,115 shares during the last quarter. Jennison Associates LLC raised its stake in Brooks Automation by 441.6% in the fourth quarter. Jennison Associates LLC now owns 392,147 shares of the semiconductor company’s stock valued at $9,353,000 after buying an additional 319,747 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Brooks Automation by 101.4% in the third quarter. Wells Fargo & Company MN now owns 589,589 shares of the semiconductor company’s stock valued at $17,899,000 after buying an additional 296,797 shares during the last quarter. Hedge funds and other institutional investors own 89.64% of the company’s stock.

In other news, VP David Jarzynka sold 10,000 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $23.12, for a total transaction of $231,200.00. Following the transaction, the vice president now owns 30,638 shares of the company’s stock, valued at approximately $708,350.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen S. Schwartz sold 27,915 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $28.55, for a total value of $796,973.25. Following the transaction, the chief executive officer now directly owns 661,852 shares in the company, valued at approximately $18,895,874.60. The disclosure for this sale can be found here. Insiders sold a total of 87,710 shares of company stock worth $2,445,853 in the last ninety days. 2.36% of the stock is currently owned by corporate insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.49%. The ex-dividend date is Thursday, March 1st. Brooks Automation’s dividend payout ratio (DPR) is presently 43.01%.

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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.

Earnings History and Estimates for Brooks Automation (NASDAQ:BRKS)

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