Azenta (AZTA) to Release Earnings on Wednesday

Azenta (NASDAQ:AZTA - Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Azenta to post earnings of $0.07 per share for the quarter. Azenta has set its FY24 guidance at $0.19 to $0.29 EPS and its FY 2024 guidance at 0.190-0.290 EPS.Individual interested in participating in the company's earnings conference call can do so using this link.

Azenta (NASDAQ:AZTA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.02 earnings per share (EPS) for the quarter. Azenta had a positive return on equity of 0.49% and a negative net margin of 2.92%. The company had revenue of $154.32 million for the quarter, compared to the consensus estimate of $151.86 million. On average, analysts expect Azenta to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Azenta Trading Up 0.9 %

AZTA stock traded up $0.47 during midday trading on Thursday, hitting $52.57. 430,078 shares of the company's stock were exchanged, compared to its average volume of 424,496. Azenta has a 12-month low of $36.01 and a 12-month high of $69.16. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of -168.06 and a beta of 1.51. The firm has a 50 day moving average price of $58.70 and a 200-day moving average price of $59.09.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AZTA. Jefferies Financial Group assumed coverage on Azenta in a report on Thursday, April 4th. They issued a "hold" rating and a $64.00 price target for the company. B. Riley upped their price objective on Azenta from $61.00 to $79.00 and gave the stock a "buy" rating in a research note on Thursday, February 1st. Needham & Company LLC restated a "buy" rating and set a $75.00 price objective on shares of Azenta in a research note on Monday, April 8th. Stephens reiterated an "equal weight" rating and set a $70.00 price target on shares of Azenta in a research report on Thursday, February 8th. Finally, Evercore ISI reduced their price target on Azenta from $64.00 to $60.00 and set an "in-line" rating for the company in a research report on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Azenta currently has an average rating of "Hold" and a consensus target price of $69.60.

Azenta Company Profile

Azenta, Inc provides biological and chemical compound sample exploration and management solutions for the life sciences market in North America, Africa, China, the United Kingdom, rest of Europe, the Asia Pacific, and internationally. The company operates in two reportable segments, Life Sciences Products and Life Sciences Services.