Azenta (AZTA) Scheduled to Post Quarterly Earnings on Wednesday

Azenta (NASDAQ:AZTA) is set to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.02 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.Parties that are interested in participating in the company’s conference call can do so using this link.

Azenta (NASDAQ:AZTA) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.02 EPS for the quarter. Azenta had a positive return on equity of 0.49% and a negative net margin of 2.92%. The firm had revenue of $154.32 million for the quarter, compared to analysts’ expectations 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 Stock Performance

Shares of AZTA traded up $0.11 during mid-day trading on Tuesday, reaching $55.46. The company had a trading volume of 51,544 shares, compared to its average volume of 420,903. The firm has a 50-day moving average price of $58.11 and a 200 day moving average price of $59.22. Azenta has a 52 week low of $36.01 and a 52 week high of $69.16. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of -178.54 and a beta of 1.51.

Analysts Set New Price Targets

Several research firms recently commented on AZTA. Evercore ISI reduced their price objective on Azenta from $64.00 to $60.00 and set an “in-line” rating for the company in a report on Thursday, April 4th. Needham & Company LLC reissued a “buy” rating and issued a $75.00 price target on shares of Azenta in a report on Monday, April 8th. B. Riley boosted their price target on Azenta from $61.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. 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 on the stock. Finally, Stephens reaffirmed an “equal weight” rating and set a $70.00 price objective on shares of Azenta in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $69.60.

About Azenta

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.