Azenta (AZTA) Scheduled to Post Quarterly Earnings on Tuesday

Azenta (NASDAQ:AZTA – Get Rating) will release its earnings data after the market closes on Tuesday, May 3rd. Analysts expect Azenta to post earnings of $0.11 per share for the quarter. Azenta has set its Q2 2022 guidance at $0.070-$0.150 EPS and its Q2 guidance at $0.07-0.15 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Azenta (NASDAQ:AZTA – Get Rating) last announced its quarterly earnings results on Tuesday, February 8th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The firm had revenue of $139.65 million for the quarter, compared to the consensus estimate of $135.34 million. Azenta had a return on equity of 8.87% and a net margin of 14.57%. The business’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share. On average, analysts expect Azenta to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NASDAQ AZTA opened at $76.36 on Tuesday. The stock’s 50 day simple moving average is $83.33. The firm has a market capitalization of $5.72 billion, a P/E ratio of 44.40 and a beta of 1.69. 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 has a twelve month low of $74.05 and a twelve month high of $124.79.

A number of brokerages have weighed in on AZTA. B. Riley initiated coverage on Azenta in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Evercore ISI initiated coverage on Azenta in a research report on Monday, March 21st. They issued an “outperform” rating and a $100.00 target price on the stock. Needham & Company LLC decreased their target price on Azenta from $155.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, February 9th. Finally, Zacks Investment Research raised Azenta from a “sell” rating to a “hold” rating in a research report on Monday, April 18th.

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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