Brooks Automation (NASDAQ:BRKS) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.32-0.40 for the period, compared to the Thomson Reuters consensus EPS 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.
Shares of Brooks Automation stock traded up $7.14 on Friday, hitting $54.45. The stock had a trading volume of 1,209,952 shares, compared to its average volume of 380,902. The company’s 50 day moving average price is $43.78 and its 200 day moving average price is $38.24. 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 stock has a market cap of $4.02 billion, a price-to-earnings ratio of 8.81 and a beta of 1.49. Brooks Automation has a 52-week low of $21.19 and a 52-week high of $54.53.
Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.12. The firm had revenue of $220.35 million during the quarter, compared to the consensus estimate of $207.25 million. Brooks Automation had a return on equity of 6.61% and a net margin of 52.69%. Analysts predict that Brooks Automation will post 0.88 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on the company. Citigroup increased their target price on Brooks Automation from $37.00 to $40.00 and gave the stock a neutral rating in a research note on Friday, May 1st. Stifel Nicolaus cut Brooks Automation from a buy rating to a hold rating and set a $46.00 price target on the stock. in a report on Monday, June 22nd. Credit Suisse Group restated a hold rating and issued a $40.00 price target on shares of Brooks Automation in a report on Friday. Needham & Company LLC began coverage on Brooks Automation in a report on Tuesday, June 2nd. They issued a hold rating on the stock. Finally, BidaskClub upgraded Brooks Automation from a hold rating to a buy rating in a report on Friday, June 19th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $45.83.
In other Brooks Automation news, Director Joseph R. Martin sold 5,000 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $40.54, for a total transaction of $202,700.00. Following the sale, the director now owns 83,619 shares in the company, valued at approximately $3,389,914.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Stephen S. Schwartz sold 20,000 shares of the stock in a transaction on Monday, July 6th. The shares were 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 approximately $24,265,980. 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 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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