Brooks Automation (NASDAQ:BRKS) Issues Quarterly Earnings Results

Brooks Automation (NASDAQ:BRKS) released its quarterly earnings data on Thursday. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03, Morningstar.com reports. The firm had revenue of $203.88 million for the quarter, compared to analysts’ expectations of $205.14 million. Brooks Automation had a net margin of 6.68% and a return on equity of 9.45%. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share.

Shares of Brooks Automation stock traded down $5.09 on Friday, hitting $32.69. 1,423,603 shares of the company traded hands, compared to its average volume of 380,524. The firm has a market cap of $2.80 billion, a PE ratio of 51.08 and a beta of 1.36. The company has a quick ratio of 2.25, a current ratio of 2.86 and a debt-to-equity ratio of 0.73. Brooks Automation has a 52 week low of $23.02 and a 52 week high of $42.25. The company’s 50-day moving average price is $39.28.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Thursday, July 25th. BidaskClub cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 11th. B. Riley reiterated a “buy” rating and set a $47.00 price objective (down previously from $51.00) on shares of Brooks Automation in a research report on Friday. ValuEngine upgraded shares of Brooks Automation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 1st. Finally, Stifel Nicolaus lifted their price objective on shares of Brooks Automation from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Brooks Automation presently has an average rating of “Buy” and a consensus target price of $41.00.

In related news, Director Alfred Woollacott III sold 4,355 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $38.93, for a total value of $169,540.15. Following the sale, the director now owns 84,736 shares in the company, valued at $3,298,772.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David Jarzynka sold 2,577 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $38.95, for a total transaction of $100,374.15. Following the completion of the sale, the vice president now owns 92,894 shares in the company, valued at approximately $3,618,221.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,265 shares of company stock worth $525,067. Company insiders own 2.45% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in BRKS. Advisory Services Network LLC increased its position in Brooks Automation by 75.0% in the second quarter. Advisory Services Network LLC now owns 1,444 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 619 shares during the last quarter. Marshall Wace North America L.P. increased its position in Brooks Automation by 43.7% in 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 last quarter. Hilton Capital Management LLC increased its position in Brooks Automation by 88.5% in the first quarter. Hilton Capital Management LLC now owns 5,654 shares of the semiconductor company’s stock worth $166,000 after purchasing an additional 2,654 shares during the last quarter. Strs Ohio increased its position in Brooks Automation by 500.0% in the second quarter. Strs Ohio now owns 4,800 shares of the semiconductor company’s stock worth $186,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Starr International Co. Inc. bought a new stake in Brooks Automation in the first quarter worth $201,000. 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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Earnings History for Brooks Automation (NASDAQ:BRKS)

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