Brooks Automation, Inc (BRKS) To Go Ex-Dividend on May 31st

Brooks Automation, Inc (NASDAQ:BRKS) announced a quarterly dividend on Tuesday, May 1st, RTT News reports. Investors of record on Friday, June 1st will be given a dividend of 0.10 per share by the semiconductor company on Friday, June 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, May 31st.

BRKS opened at $31.88 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.34 and a quick ratio of 2.54. Brooks Automation has a 12 month low of $21.61 and a 12 month high of $34.77. The firm has a market capitalization of $2.20 billion, a P/E ratio of 25.71 and a beta of 0.99.

Brooks Automation (NASDAQ:BRKS) last released its earnings results on Tuesday, May 1st. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. The firm had revenue of $207.26 million during the quarter, compared to analysts’ expectations of $199.44 million. Brooks Automation had a return on equity of 15.97% and a net margin of 15.55%. The company’s revenue was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. sell-side analysts forecast that Brooks Automation will post 1.49 earnings per share for the current fiscal year.



In other news, insider David Pietrantoni sold 1,038 shares of the firm’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $28.12, for a total value of $29,188.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen S. Schwartz sold 3,000 shares of the firm’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $30.03, for a total value of $90,090.00. Following the completion of the transaction, the chief executive officer now owns 620,264 shares of the company’s stock, valued at approximately $18,626,527.92. The disclosure for this sale can be found here. Insiders sold a total of 137,582 shares of company stock valued at $4,097,832 in the last 90 days. 2.36% of the stock is owned by corporate insiders.

A number of research firms have issued reports on BRKS. Citigroup lowered their target price on Brooks Automation from $35.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, May 2nd. Credit Suisse Group lowered their target price on Brooks Automation from $32.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, May 2nd. B. Riley increased their target price on Brooks Automation from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, May 2nd. ValuEngine cut Brooks Automation from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, Zacks Investment Research upgraded Brooks Automation from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Thursday, May 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Brooks Automation currently has an average rating of “Buy” and a consensus target price of $34.00.

Brooks Automation Company Profile

Brooks Automation, Inc provides automation and cryogenic solutions for various applications and markets. It operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers critical automated transport, vacuum, and contamination controls solutions and services.

Dividend History for Brooks Automation (NASDAQ:BRKS)

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