Brooks Automation (NASDAQ:BRKS) Releases Q3 2021 Earnings Guidance

Brooks Automation (NASDAQ:BRKS) issued an update on its third quarter 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.650-0.750 for the period, compared to the Thomson Reuters consensus estimate of $0.520. The company issued revenue guidance of $300 million-320 million, compared to the consensus revenue estimate of $274.10 million.

Shares of BRKS traded up $2.49 during trading hours on Thursday, reaching $98.74. 12,032 shares of the company traded hands, compared to its average volume of 873,477. The firm has a fifty day moving average price of $97.23. The stock has a market cap of $7.34 billion, a P/E ratio of 77.00 and a beta of 1.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.73 and a quick ratio of 2.25. Brooks Automation has a 12 month low of $38.16 and a 12 month high of $108.72.

Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings results on Sunday, May 9th. The semiconductor company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. Brooks Automation had a net margin of 9.22% and a return on equity of 11.28%. The company had revenue of $287.00 million during the quarter, compared to analysts’ expectations of $272.88 million. During the same period last year, the company posted $0.25 EPS. Brooks Automation’s revenue was up 30.5% on a year-over-year basis. Equities analysts anticipate that Brooks Automation will post 2.48 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 25th. Shareholders of record on Friday, June 4th will be issued a $0.10 dividend. The ex-dividend date is Thursday, June 3rd. This represents a $0.40 annualized dividend and a yield of 0.41%. Brooks Automation’s dividend payout ratio (DPR) is presently 31.75%.

BRKS has been the subject of several research reports. Needham & Company LLC boosted their price objective on shares of Brooks Automation from $110.00 to $130.00 and gave the company a buy rating in a report on Tuesday, May 11th. B. Riley boosted their target price on shares of Brooks Automation from $125.00 to $130.00 and gave the company a buy rating in a research report on Tuesday, May 11th. Zacks Investment Research upgraded shares of Brooks Automation from a hold rating to a buy rating and set a $97.00 target price for the company in a research report on Thursday, May 13th. KeyCorp boosted their target price on shares of Brooks Automation from $111.00 to $115.00 and gave the company an overweight rating in a research report on Tuesday, May 11th. Finally, Credit Suisse Group boosted their target price on shares of Brooks Automation from $70.00 to $85.00 and gave the company a neutral rating in a research report on Tuesday, May 11th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $92.11.

In other news, Director Michael Rosenblatt sold 1,760 shares of the stock in a transaction on Thursday, May 13th. The shares were sold at an average price of $90.00, for a total value of $158,400.00. Following the sale, the director now owns 7,882 shares of the company’s stock, valued at $709,380. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.62% of the stock is owned by corporate insiders.

Brooks Automation Company Profile

Brooks Automation, Inc provides manufacturing automation solutions for the semiconductor industry, and life science sample-based services and solutions for the life sciences market worldwide. The company operates in three segments: Brooks Semiconductor Solutions Group, Brooks Life Sciences Services, and Brooks Life Sciences Products.

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

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