Needham & Company Gives Buy Rating to Brooks Automation (BRKS)

By admin | 6 years ago

Brooks Automation (NASDAQ: BRKS)‘s stock had its “buy” rating restated by analysts at Needham & Company in a research report issued to clients and investors on Friday.

A number of other analysts have also recently weighed in on BRKS. Analysts at Sidoti initiated coverage on shares of Brooks Automation in a research note to investors on Tuesday, April 3rd. They set a “buy” rating on the stock. Analysts at Brigantine initiated coverage on shares of Brooks Automation in a research note to investors on Friday, February 24th. They set a “buy” rating on the stock.

Brooks Automation traded down 0.58% on Friday, hitting $10.30. Brooks Automation has a 52-week low of $7.40 and a 52-week high of $12.65. The company has a market cap of $683.1 million and a price-to-earnings ratio of 7.47.

Brooks Automation last posted its quarterly earnings results on Thursday, May 10th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. The company’s revenue for the quarter was down 27.7% on a year-over-year basis. Analysts expect that Brooks Automation will post $0.25 EPS next quarter.

Brooks Automation, Inc. (Brooks) is a provider of automation, vacuum and instrumentation solutions and is a business partner to original equipment manufacturers (OEM) and equipment users globally.

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