Azenta (NASDAQ:AZTA) Updates Q3 2022 Earnings Guidance

Azenta (NASDAQ:AZTAGet Rating) updated its third quarter 2022 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.09-$0.17 for the period, compared to the consensus estimate of $0.18. The company issued revenue guidance of $140.00 million-$150.00 million, compared to the consensus revenue estimate of $150.38 million.Azenta also updated its Q3 guidance to $0.09-0.17 EPS.

Shares of NASDAQ AZTA traded down $0.76 during trading on Tuesday, reaching $63.93. The stock had a trading volume of 18,825 shares, compared to its average volume of 543,732. The company has a current ratio of 2.33, a quick ratio of 2.13 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $4.79 billion, a PE ratio of 37.61 and a beta of 1.66. Azenta has a one year low of $64.04 and a one year high of $124.79. The stock has a 50 day simple moving average of $80.53.

Azenta (NASDAQ:AZTAGet Rating) last released its quarterly earnings data on Monday, May 9th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $145.60 million during the quarter, compared to the consensus estimate of $142.10 million. Azenta had a net margin of 14.57% and a return on equity of 8.87%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 earnings per share. On average, sell-side analysts expect that Azenta will post 0.64 earnings per share for the current year.

Several research firms recently weighed in on AZTA. Needham & Company LLC cut their target price on shares of Azenta from $115.00 to $94.00 in a report on Tuesday. B. Riley began coverage on shares of Azenta in a research report on Thursday, March 31st. They set a buy rating for the company. Zacks Investment Research upgraded shares of Azenta from a sell rating to a hold rating in a research report on Tuesday, May 3rd. Finally, Evercore ISI started coverage on shares of Azenta in a research report on Monday, March 21st. They issued an outperform rating and a $100.00 target price for the company.

About Azenta (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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