Wall Street brokerages predict that Brooks Automation, Inc (NASDAQ:BRKS) will announce $198.57 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Brooks Automation’s earnings, with the lowest sales estimate coming in at $195.00 million and the highest estimate coming in at $200.60 million. Brooks Automation posted sales of $169.33 million during the same quarter last year, which suggests a positive year over year growth rate of 17.3%. The business is expected to announce its next earnings results on Thursday, April 26th.

According to Zacks, analysts expect that Brooks Automation will report full-year sales of $198.57 million for the current fiscal year, with estimates ranging from $770.00 million to $801.60 million. For the next fiscal year, analysts anticipate that the business will report sales of $841.35 million per share, with estimates ranging from $815.00 million to $867.70 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Brooks Automation.

Brooks Automation (NASDAQ:BRKS) last posted its earnings results on Thursday, February 1st. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. Brooks Automation had a net margin of 9.03% and a return on equity of 14.43%. The firm had revenue of $189.33 million during the quarter, compared to analysts’ expectations of $184.48 million. During the same period in the previous year, the business posted $0.25 EPS. The business’s revenue was up 18.4% compared to the same quarter last year.

BRKS has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Brooks Automation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 9th. Zacks Investment Research cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Citigroup upped their price objective on shares of Brooks Automation from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Stifel Nicolaus upped their price objective on shares of Brooks Automation from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Janney Montgomery Scott set a $35.00 price objective on shares of Brooks Automation and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $32.88.

In other news, CFO Lindon G. Robertson sold 13,212 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $29.00, for a total transaction of $383,148.00. Following the completion of the sale, the chief financial officer now owns 158,320 shares of the company’s stock, valued at $4,591,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP William T. Montone sold 8,024 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $28.00, for a total transaction of $224,672.00. Following the sale, the senior vice president now directly owns 133,325 shares of the company’s stock, valued at approximately $3,733,100. The disclosure for this sale can be found here. Insiders have sold 41,236 shares of company stock valued at $1,119,020 in the last ninety days. Insiders own 2.36% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System grew its holdings in shares of Brooks Automation by 4.7% during the second quarter. California Public Employees Retirement System now owns 155,100 shares of the semiconductor company’s stock worth $3,364,000 after buying an additional 6,900 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Brooks Automation by 101.4% during the third quarter. Wells Fargo & Company MN now owns 589,589 shares of the semiconductor company’s stock worth $17,899,000 after buying an additional 296,797 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Brooks Automation by 1.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 426,160 shares of the semiconductor company’s stock worth $12,939,000 after buying an additional 5,353 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Brooks Automation by 43.9% during the third quarter. Janney Montgomery Scott LLC now owns 15,718 shares of the semiconductor company’s stock worth $477,000 after buying an additional 4,794 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of Brooks Automation by 23.6% during the second quarter. Parametric Portfolio Associates LLC now owns 181,711 shares of the semiconductor company’s stock worth $3,941,000 after buying an additional 34,711 shares in the last quarter. 89.02% of the stock is owned by institutional investors and hedge funds.

Brooks Automation (NASDAQ:BRKS) opened at $23.81 on Monday. The company has a quick ratio of 2.56, a current ratio of 3.33 and a debt-to-equity ratio of 0.31. Brooks Automation has a 12 month low of $20.48 and a 12 month high of $34.77. The stock has a market cap of $1,676.93, a price-to-earnings ratio of 19.68 and a beta of 0.95.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Thursday, March 1st. Brooks Automation’s payout ratio is 43.01%.

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About Brooks Automation

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

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