Brooks Automation (NASDAQ:BRKS) Issues Q4 Earnings Guidance

Brooks Automation (NASDAQ:BRKS) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $0.21-0.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.30. The company issued revenue guidance of $192-200 million, compared to the consensus revenue estimate of $216.31 million.Brooks Automation also updated its FY 2019 guidance to $0.75-0.80 EPS.

Several 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 target price for the company in a report on Thursday, July 25th. BidaskClub cut shares of Brooks Automation from a buy rating to a hold rating in a report on Tuesday, June 11th. Stifel Nicolaus upped their target price 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. ValuEngine upgraded shares of Brooks Automation from a buy rating to a strong-buy rating in a report on Wednesday, May 1st. Finally, B. Riley restated a buy rating and issued a $47.00 target price (down previously from $51.00) on shares of Brooks Automation in a report on Friday. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $41.00.

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

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

In related news, SVP Jason Joseph sold 3,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $39.50, for a total value of $118,500.00. Following the completion of the sale, the senior vice president now owns 82,661 shares in the company, valued at approximately $3,265,109.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alfred Woollacott III sold 4,355 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $38.93, for a total transaction of $169,540.15. Following the completion of the sale, 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 quarter, insiders sold 13,265 shares of company stock valued at $525,067. 2.45% of the stock is owned by insiders.

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 and Estimates for Brooks Automation (NASDAQ:BRKS)

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