Brooks Automation (BRKS) Updates Q2 Earnings Guidance

Brooks Automation (NASDAQ:BRKS) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.07-0.12 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.21. The company issued revenue guidance of $190-200 million, compared to the consensus revenue estimate of $199.85 million.Brooks Automation also updated its Q2 2019 guidance to $0.07-0.12 EPS.

BRKS stock traded down $0.04 during mid-day trading on Tuesday, reaching $31.39. The company had a trading volume of 414,129 shares, compared to its average volume of 521,209. The company has a quick ratio of 2.84, a current ratio of 3.43 and a debt-to-equity ratio of 0.27. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 49.05 and a beta of 1.30. Brooks Automation has a 52 week low of $22.87 and a 52 week high of $39.75.

Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings results on Tuesday, February 5th. The semiconductor company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.05. Brooks Automation had a return on equity of 13.78% and a net margin of 14.94%. The firm had revenue of $179.37 million during the quarter, compared to the consensus estimate of $174.46 million. During the same period last year, the company earned $0.09 earnings per share. The business’s revenue was up 25.8% compared to the same quarter last year. On average, equities research analysts anticipate that Brooks Automation will post 0.97 EPS for the current fiscal year.

Several brokerages have recently commented on BRKS. ValuEngine upgraded Brooks Automation from a hold rating to a buy rating in a research note on Tuesday, November 27th. Zacks Investment Research downgraded Brooks Automation from a hold rating to a strong sell rating in a research note on Monday, November 26th. B. Riley reduced their target price on Brooks Automation from $45.00 to $42.00 and set a buy rating for the company in a research note on Tuesday, November 20th. Credit Suisse Group reduced their target price on Brooks Automation from $32.00 to $26.00 and set a neutral rating for the company in a research note on Tuesday, November 20th. Finally, BidaskClub upgraded Brooks Automation from a sell rating to a hold rating in a research note on Saturday, December 1st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Brooks Automation has a consensus rating of Buy and an average target price of $37.00.

In related news, VP David Jarzynka sold 27,896 shares of the business’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $30.93, for a total value of $862,823.28. Following the completion of the sale, the vice president now directly owns 17,760 shares in the company, valued at approximately $549,316.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William T. Montone sold 20,704 shares of the business’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $30.93, for a total value of $640,374.72. The disclosure for this sale can be found here. Insiders sold a total of 242,500 shares of company stock valued at $7,427,221 over the last 90 days. 2.45% of the stock is currently owned by corporate insiders.

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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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