Azenta, Inc. (NASDAQ:AZTA) Expected to Announce Earnings of $0.10 Per Share

Wall Street analysts forecast that Azenta, Inc. (NASDAQ:AZTAGet Rating) will announce earnings of $0.10 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Azenta’s earnings. The highest EPS estimate is $0.12 and the lowest is $0.07. Azenta reported earnings of $0.79 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 87.3%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Azenta will report full year earnings of $0.54 per share for the current year, with EPS estimates ranging from $0.40 to $0.62. For the next financial year, analysts expect that the business will post earnings of $0.98 per share, with EPS estimates ranging from $0.78 to $1.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Azenta.

Azenta (NASDAQ:AZTAGet Rating) last issued its earnings results on Monday, May 9th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $145.60 million during the quarter, compared to analysts’ expectations of $142.10 million. Azenta had a net margin of 301.05% and a return on equity of 4.28%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 earnings per share.

AZTA has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Azenta from a “sell” rating to a “hold” rating in a report on Monday. Needham & Company LLC dropped their price objective on shares of Azenta from $115.00 to $94.00 in a report on Tuesday, May 10th. B. Riley reduced their price objective on shares of Azenta from $106.00 to $94.00 in a research report on Tuesday, May 17th. Finally, Evercore ISI started coverage on shares of Azenta in a research report on Monday, March 21st. They set an “outperform” rating and a $100.00 price objective on the stock.

AZTA traded up $0.06 during trading hours on Friday, hitting $69.23. 1,602 shares of the company’s stock were exchanged, compared to its average volume of 559,675. Azenta has a 12-month low of $61.35 and a 12-month high of $124.79. The stock’s 50 day moving average price is $78.29. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 2.34 and a beta of 1.66.

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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