Brooks Automation (NASDAQ:BRKS) Updates Q4 Earnings Guidance

Brooks Automation (NASDAQ:BRKS) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.32-0.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.21. The company issued revenue guidance of $229-241 million, compared to the consensus revenue estimate of $208.44 million.Brooks Automation also updated its Q4 2020
After-Hours guidance to 0.32-0.40 EPS.

BRKS traded up $7.14 during trading on Friday, hitting $54.45. The company’s stock had a trading volume of 1,209,952 shares, compared to its average volume of 380,902. The company has a current ratio of 2.91, a quick ratio of 2.36 and a debt-to-equity ratio of 0.07. The business’s fifty day simple moving average is $43.78 and its 200 day simple moving average is $38.24. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 8.81 and a beta of 1.49. Brooks Automation has a twelve month low of $21.19 and a twelve month high of $54.53.

Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.12. The firm had revenue of $220.35 million for the quarter, compared to analyst estimates of $207.25 million. Brooks Automation had a return on equity of 6.61% and a net margin of 52.69%. As a group, equities research analysts forecast that Brooks Automation will post 0.88 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on BRKS shares. B. Riley lifted their price target on Brooks Automation from $55.00 to $65.00 in a research note on Friday. Needham & Company LLC started coverage on Brooks Automation in a research note on Tuesday, June 2nd. They issued a hold rating on the stock. BidaskClub raised Brooks Automation from a hold rating to a buy rating in a research note on Friday, June 19th. Stifel Nicolaus downgraded Brooks Automation from a buy rating to a hold rating and set a $46.00 price objective on the stock. in a research report on Monday, June 22nd. Finally, ValuEngine upgraded Brooks Automation from a hold rating to a buy rating in a research report on Friday, May 1st. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Brooks Automation currently has an average rating of Hold and a consensus price target of $45.83.

In other Brooks Automation news, CEO Stephen S. Schwartz sold 20,000 shares of Brooks Automation stock in a transaction on Monday, July 6th. The stock was sold at an average price of $45.00, for a total value of $900,000.00. Following the sale, the chief executive officer now owns 539,244 shares in the company, valued at $24,265,980. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William T. Montone sold 1,612 shares of Brooks Automation stock in a transaction on Monday, July 6th. The shares were sold at an average price of $45.00, for a total value of $72,540.00. Following the completion of the sale, the senior vice president now owns 105,748 shares in the company, valued at approximately $4,758,660. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,744 shares of company stock worth $2,068,688. 2.66% of the stock is currently owned by company 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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