Azenta (AZTA) Scheduled to Post Quarterly Earnings on Tuesday

Azenta (NASDAQ:AZTA) is scheduled to announce its earnings results after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Azenta has set its FY24 guidance at $0.27-0.37 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Azenta (NASDAQ:AZTA) last announced its earnings results on Wednesday, May 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Azenta had a positive return on equity of 0.81% and a negative net margin of 23.12%. The business had revenue of $159.13 million during the quarter, compared to analyst estimates of $159.89 million. During the same period last year, the company earned ($0.06) EPS. Azenta’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts expect Azenta to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Azenta Stock Performance

Shares of AZTA stock traded up $0.99 during mid-day trading on Tuesday, hitting $61.64. The company’s stock had a trading volume of 112,825 shares, compared to its average volume of 461,037. The company’s fifty day simple moving average is $53.75 and its 200-day simple moving average is $57.77. Azenta has a 52 week low of $44.00 and a 52 week high of $69.16.

Analysts Set New Price Targets

A number of brokerages recently commented on AZTA. Needham & Company LLC decreased their target price on Azenta from $75.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Jefferies Financial Group assumed coverage on Azenta in a research note on Thursday, April 4th. They set a “hold” rating and a $64.00 price target for the company. Finally, Evercore ISI lifted their price target on Azenta from $52.00 to $53.00 and gave the company an “in-line” rating in a research note on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $67.00.

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.