Azenta (AZTA) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Azenta in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AZTA shares.
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5 equities research analysts have issued 1-year price targets for Azenta's stock. Their AZTA share price forecasts range from $55.00 to $70.00. On average, they anticipate the company's stock price to reach $64.50 in the next twelve months. This suggests a possible upside of 33.7% from the stock's current price.
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Azenta's stock was trading at $58.22 at the beginning of 2023. Since then, AZTA stock has decreased by 17.1% and is now trading at $48.24.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
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Azenta, Inc. (NASDAQ:AZTA) released its quarterly earnings data on Tuesday, August, 8th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.16. The business had revenue of $165.95 million for the quarter, compared to analysts' expectations of $153.42 million. Azenta had a negative net margin of 6.09% and a positive trailing twelve-month return on equity of 0.84%. The firm's quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 earnings per share.

ETFs with the largest weight of Azenta (NASDAQ:AZTA) stock in their portfolio include ROBO Global Healthcare Technology and Innovation ETF (HTEC), ROBO Global Robotics & Automation ETF (ROBO), Harbor Health Care ETF (MEDI) and Principal Healthcare Innovators ETF (BTEC).BlackRock Future Innovators ETF (BFTR).

Azenta updated its fourth quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of -$0.02-$0.06 for the period, compared to the consensus estimate of -$0.03. The company issued revenue guidance of $155.00 million-$173.00 million, compared to the consensus revenue estimate of $165.72 million.

Azenta trades on the NASDAQ under the ticker symbol "AZTA."

Azenta's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.44%), Kayne Anderson Rudnick Investment Management LLC (6.90%), Allspring Global Investments Holdings LLC (3.53%), Politan Capital Management LP (3.32%), State Street Corp (3.16%) and JPMorgan Chase & Co. (2.81%). Insiders that own company stock include David C Gray, Jesus Linda De, Kimberly Crowley, Lindon G Robertson and Matthew Mcmanus.
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Shares of AZTA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AZTA stock can currently be purchased for approximately $48.24.

Azenta (NASDAQ:AZTA) has a market capitalization of $2.90 billion and generates $555.50 million in revenue each year. The company earns $2.13 billion in net income (profit) each year or ($0.52) on an earnings per share basis.

The company employs 3,100 workers across the globe.

Azenta's mailing address is 15 Elizabeth Dr, Chelmsford, Massachusetts 01824-4111. The official website for the company is www.brooks.com. The company can be reached via phone at (978) 262-2400, via email at investor@brooks.com, or via fax at 978-262-2500.