Azenta (NASDAQ:AZTA) Issues FY24 Earnings Guidance

Azenta (NASDAQ:AZTA) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $0.30-0.36 for the period, compared to the consensus EPS estimate of $0.29. The company issued revenue guidance of $652-658 million, compared to the consensus revenue estimate of $660.67 million.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC cut their price objective on shares of Azenta from $75.00 to $69.00 and set a buy rating for the company in a research report on Thursday, May 9th. Evercore ISI boosted their price objective on shares of Azenta from $52.00 to $53.00 and gave the company an in-line rating in a research report on Tuesday, July 2nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $67.00.

Azenta Trading Up 4.4 %

Shares of AZTA traded up $2.46 during trading hours on Tuesday, reaching $58.34. 663,744 shares of the stock traded hands, compared to its average volume of 465,986. Azenta has a 52-week low of $44.00 and a 52-week high of $69.16. The company’s 50-day moving average price is $54.59 and its two-hundred day moving average price is $57.56. The company has a market cap of $3.14 billion, a P/E ratio of -20.62 and a beta of 1.51.

Azenta (NASDAQ:AZTA) last released its earnings results on Wednesday, May 8th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Azenta had a negative net margin of 23.12% and a positive return on equity of 0.81%. The company had revenue of $159.13 million for the quarter, compared to analysts’ expectations of $159.89 million. During the same quarter in the previous year, the company earned ($0.06) EPS. Azenta’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, research analysts forecast that Azenta will post 0.28 EPS for the current year.

Azenta Company Profile

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.