Azenta, Inc. (NASDAQ:AZTA) Expected to Post Earnings of $0.11 Per Share

Equities analysts predict that Azenta, Inc. (NASDAQ:AZTAGet Rating) will announce earnings per share (EPS) of $0.11 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Azenta’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.10. Azenta posted earnings of $0.69 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 84.1%. The company is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Azenta will report full-year earnings of $0.64 per share for the current financial year, with EPS estimates ranging from $0.58 to $0.70. For the next fiscal year, analysts forecast that the firm will report earnings of $1.14 per share, with EPS estimates ranging from $1.08 to $1.20. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Azenta.

Azenta (NASDAQ:AZTAGet Rating) last released its earnings results on Tuesday, February 8th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.08 by $0.04. Azenta had a net margin of 14.57% and a return on equity of 8.87%. The business had revenue of $139.65 million during the quarter, compared to analyst estimates of $135.34 million. During the same period in the prior year, the business earned $0.47 earnings per share. The business’s quarterly revenue was up 18.2% on a year-over-year basis.

Several analysts recently commented on AZTA shares. B. Riley started coverage on shares of Azenta in a research note on Thursday, March 31st. They set a “buy” rating for the company. Zacks Investment Research downgraded shares of Azenta from a “buy” rating to a “hold” rating in a research report on Monday, March 7th. Needham & Company LLC reduced their price target on shares of Azenta from $155.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, February 9th. Finally, Evercore ISI began coverage on shares of Azenta in a research report on Monday, March 21st. They issued an “outperform” rating and a $100.00 price target for the company.

AZTA stock opened at $80.00 on Friday. Azenta has a 12 month low of $74.05 and a 12 month high of $124.79. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 45.95 and a beta of 1.69. The company’s 50 day simple moving average is $84.74. The company has a current ratio of 2.33, a quick ratio of 2.13 and a debt-to-equity ratio of 0.04.

Azenta Company Profile (Get Rating)

Azenta, Inc provides manufacturing automation solutions for the semiconductor industry, and life science sample-based services and solutions for the life sciences market worldwide. The company operates in two segments, Life Sciences Products and Life Sciences Services. The Life Sciences Products segment offers automated ultra-cold storage systems and consumables, including racks, tubes, caps, plates, and foils; instruments, such as labeling, bar coding, capping, de-capping, auditing, sealing, peeling, piercing tubes, and plates.

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