Brooks Automation (NASDAQ:BRKS) Issues FY 2019 Earnings Guidance

Brooks Automation (NASDAQ:BRKS) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $0.75-0.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.78. The company issued revenue guidance of $774-782 million, compared to the consensus revenue estimate of $797.38 million.Brooks Automation also updated its Q4 guidance to $0.21-0.26 EPS.

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

NASDAQ:BRKS traded down $5.09 during trading hours on Friday, reaching $32.69. 1,423,603 shares of the company’s stock were exchanged, compared to its average volume of 380,524. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 51.08 and a beta of 1.36. The firm’s 50-day moving average is $39.28. 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 1-year low of $23.02 and a 1-year high of $42.25.

Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. The company had revenue of $203.88 million during the quarter, compared to the consensus estimate of $205.14 million. Brooks Automation had a net margin of 6.68% and a return on equity of 9.45%. Brooks Automation’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 EPS. Equities research analysts forecast that Brooks Automation will post 0.76 earnings per share for the current fiscal year.

In other Brooks Automation news, insider David Pietrantoni sold 3,333 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $41.00, for a total transaction of $136,653.00. Following the completion of the transaction, the insider now owns 35,768 shares in the company, valued at approximately $1,466,488. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alfred Woollacott III sold 4,355 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $38.93, for a total transaction of $169,540.15. Following the transaction, the director now owns 84,736 shares of the company’s stock, valued at approximately $3,298,772.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,265 shares of company stock valued at $525,067. 2.45% of the stock is owned by insiders.

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

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