Brooks Automation’s (BRKS) “Buy” Rating Reiterated at B. Riley

B. Riley reiterated their buy rating on shares of Brooks Automation, Inc. (NASDAQ:BRKS) in a research report released on Monday morning. The brokerage currently has a $34.00 price objective on the semiconductor company’s stock. B. Riley also issued estimates for Brooks Automation’s Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.38 EPS, FY2018 earnings at $1.36 EPS, Q1 2019 earnings at $0.38 EPS, Q2 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.43 EPS and FY2019 earnings at $1.65 EPS.

BRKS has been the topic of a number of other reports. Zacks Investment Research lowered Brooks Automation from a buy rating to a hold rating in a report on Friday, November 10th. Janney Montgomery Scott increased their price objective on Brooks Automation from $30.00 to $35.00 and gave the company a buy rating in a report on Thursday, September 14th. Stifel Nicolaus increased their price objective on Brooks Automation from $32.00 to $38.00 and gave the company a buy rating in a report on Wednesday, November 8th. Needham & Company LLC reissued a hold rating on shares of Brooks Automation in a report on Friday, October 6th. Finally, Credit Suisse Group reissued a hold rating and issued a $26.00 price objective on shares of Brooks Automation in a report on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $31.57.

Brooks Automation (NASDAQ:BRKS) opened at $25.83 on Monday. The firm has a market capitalization of $1,871.52, a PE ratio of 24.36 and a beta of 1.06. Brooks Automation has a 1-year low of $15.06 and a 1-year high of $34.77.

Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. The business had revenue of $181.88 million for the quarter, compared to analyst estimates of $174.66 million. Brooks Automation had a return on equity of 13.40% and a net margin of 9.04%. The company’s revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.22 earnings per share. research analysts anticipate that Brooks Automation will post 1.33 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, November 30th. Brooks Automation’s dividend payout ratio (DPR) is 44.44%.

In related news, VP Jason Joseph sold 5,159 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $28.55, for a total transaction of $147,289.45. Following the sale, the vice president now directly owns 104,699 shares of the company’s stock, valued at $2,989,156.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen S. Schwartz sold 27,915 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $28.55, for a total value of $796,973.25. Following the sale, the chief executive officer now directly owns 661,852 shares in the company, valued at $18,895,874.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,258 shares of company stock worth $1,995,532. 2.24% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of BRKS. Quantbot Technologies LP acquired a new stake in Brooks Automation during the second quarter worth about $104,000. Advisor Group Inc. acquired a new stake in Brooks Automation during the second quarter worth about $122,000. Riverhead Capital Management LLC grew its holdings in Brooks Automation by 49.9% during the second quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 1,897 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Brooks Automation by 6.1% in the second quarter. Ameritas Investment Partners Inc. now owns 6,038 shares of the semiconductor company’s stock valued at $131,000 after purchasing an additional 348 shares during the period. Finally, Flinton Capital Management LLC grew its holdings in Brooks Automation by 49.3% in the second quarter. Flinton Capital Management LLC now owns 6,272 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 2,072 shares during the period. 90.56% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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