Brooks Automation (NASDAQ:BRKS) announced its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07, Briefing.com reports. The company had revenue of $198.00 million for the quarter, compared to analyst estimates of $193.24 million. Brooks Automation had a return on equity of 9.45% and a net margin of 6.68%. Brooks Automation’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 EPS. Brooks Automation updated its Q3 2019 guidance to $0.13-0.18 EPS and its Q3 guidance to $0.13-0.18 EPS.
BRKS traded up $0.13 during trading on Wednesday, hitting $35.88. The company’s stock had a trading volume of 312,727 shares, compared to its average volume of 604,854. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 56.06 and a beta of 1.41. Brooks Automation has a 12 month low of $23.02 and a 12 month high of $40.21. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.25 and a current ratio of 2.86.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a $0.10 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.40 annualized dividend and a yield of 1.11%. Brooks Automation’s payout ratio is 62.50%.
In other news, insider David Pietrantoni sold 8,000 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $35.51, for a total transaction of $284,080.00. Following the completion of the sale, the insider now owns 43,101 shares in the company, valued at $1,530,516.51. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Alfred Woollacott III sold 4,355 shares of Brooks Automation stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $38.93, for a total value of $169,540.15. Following the sale, the director now directly owns 84,736 shares of the company’s stock, valued at $3,298,772.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,163 shares of company stock valued at $1,072,529. 2.45% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund acquired a new stake in shares of Brooks Automation during the fourth quarter worth $27,000. First Manhattan Co. acquired a new stake in shares of Brooks Automation during the fourth quarter worth $47,000. Marshall Wace North America L.P. grew its stake in shares of Brooks Automation by 43.7% during the first quarter. Marshall Wace North America L.P. now owns 2,794 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 850 shares during the period. First Mercantile Trust Co. grew its stake in shares of Brooks Automation by 19.5% during the fourth quarter. First Mercantile Trust Co. now owns 3,430 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 560 shares during the period. Finally, Cresset Asset Management LLC acquired a new stake in shares of Brooks Automation during the first quarter worth $107,000. 98.54% of the stock is owned by institutional investors and hedge funds.
BRKS has been the subject of several analyst reports. Zacks Investment Research upgraded Brooks Automation from a “strong sell” rating to a “hold” rating in a research report on Monday, February 4th. BidaskClub upgraded Brooks Automation from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. Stifel Nicolaus lifted their price objective on Brooks Automation from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Finally, ValuEngine upgraded Brooks Automation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Brooks Automation presently has a consensus rating of “Buy” and an average target price of $39.17.
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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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