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Technology Stocks : Brooks Automation
BRKS 96.74+1.4%Apr 13 4:00 PM EDT

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To: robert b furman who wrote (1088)11/11/2020 9:01:44 AM
From: rogermci┬«  Read Replies (1) of 1114
 
Brooks Automation target raised to $77 at Needham (59.43 . Needham raises their BRKS tgt to $77 from $72. Analyst Stephen Unger noted, "BRKS reported exceptional FY4Q20 results, with adj. EPS rising 100% y/y to $0.47 - $0.09 above our model. Despite lingering disruption from COVID-19, reported revenues grew 24% y/y to $246M (includes ~$1.7M from the recent acquisition of RURO, Inc.). Adj. operating profit grew 112% y/y to $45M, representing an operating margin of 18.2% (vs. 10.6% in FY4Q19), while EBITDA grew 93% y/y to $50M. We have raised our FY21 adj. EPS estimate by $0.17 to $1.76 (40% growth) on 15% revenue growth to $1.030B (prev. $1.005B) and an adj. operating margin of 17.2% (vs. 13.6% in FY20).
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