Brooks Automation, Inc (BRKS) to Post FY2019 Earnings of $0.78 Per Share, B. Riley Forecasts

Brooks Automation, Inc (NASDAQ:BRKS) – Stock analysts at B. Riley raised their FY2019 EPS estimates for Brooks Automation in a research note issued on Tuesday, April 30th, according to Zacks Investment Research. B. Riley analyst C. Ellis now forecasts that the semiconductor company will earn $0.78 per share for the year, up from their prior forecast of $0.70. B. Riley also issued estimates for Brooks Automation’s Q4 2019 earnings at $0.28 EPS, Q1 2020 earnings at $0.24 EPS, Q2 2020 earnings at $0.33 EPS, Q3 2020 earnings at $0.33 EPS, Q4 2020 earnings at $0.35 EPS, FY2020 earnings at $1.26 EPS and FY2021 earnings at $1.57 EPS.

Several other research analysts have also recently issued reports on BRKS. Zacks Investment Research upgraded shares of Brooks Automation from a “strong sell” rating to a “hold” rating in a report on Monday, February 4th. BidaskClub upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a report on Wednesday, February 20th. Stifel Nicolaus raised their price target on shares of Brooks Automation from $40.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Finally, ValuEngine upgraded shares of Brooks Automation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $39.17.

Brooks Automation stock traded up $0.66 during midday trading on Thursday, hitting $35.22. 306,400 shares of the company’s stock were exchanged, compared to its average volume of 600,249. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.86 and a quick ratio of 2.25. Brooks Automation has a 12 month low of $23.02 and a 12 month high of $40.21. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 55.03 and a beta of 1.41.

Brooks Automation (NASDAQ:BRKS) last issued its earnings results on Monday, April 29th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. Brooks Automation had a net margin of 6.68% and a return on equity of 9.45%. The company had revenue of $198.00 million for the quarter, compared to analysts’ expectations of $193.24 million. During the same period in the prior year, the business earned $0.40 EPS. The firm’s quarterly revenue was up 26.1% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Thursday, June 6th. Brooks Automation’s dividend payout ratio is currently 62.50%.

In related news, SVP William T. Montone sold 4,539 shares of Brooks Automation stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $34.54, for a total value of $156,777.06. Following the completion of the sale, the senior vice president now directly owns 113,809 shares in the company, valued at approximately $3,930,962.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Pietrantoni sold 8,000 shares of Brooks Automation stock in a transaction that occurred 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 of the company’s stock, valued at $1,530,516.51. The disclosure for this sale can be found here. Insiders sold a total of 30,163 shares of company stock worth $1,072,529 over the last 90 days. Company insiders own 2.45% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its position in Brooks Automation by 2.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,953,453 shares of the semiconductor company’s stock worth $68,429,000 after buying an additional 37,547 shares during the last quarter. LPL Financial LLC raised its position in Brooks Automation by 122.0% during the 3rd quarter. LPL Financial LLC now owns 17,547 shares of the semiconductor company’s stock worth $615,000 after buying an additional 9,642 shares during the last quarter. MetLife Investment Advisors LLC raised its position in Brooks Automation by 45.0% during the 3rd quarter. MetLife Investment Advisors LLC now owns 47,278 shares of the semiconductor company’s stock worth $1,656,000 after buying an additional 14,667 shares during the last quarter. Advisors Asset Management Inc. raised its position in Brooks Automation by 33.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 10,961 shares of the semiconductor company’s stock worth $384,000 after buying an additional 2,760 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in Brooks Automation by 1.2% during the 3rd quarter. Teachers Advisors LLC now owns 193,612 shares of the semiconductor company’s stock worth $6,782,000 after buying an additional 2,202 shares during the last quarter. Institutional investors own 98.54% of the company’s stock.

About Brooks Automation

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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