Azenta (NASDAQ:AZTA) Updates FY 2024 Earnings Guidance

Azenta (NASDAQ:AZTAGet Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided EPS guidance of 0.270-0.370 for the period, compared to the consensus EPS estimate of 0.260. The company issued revenue guidance of $659.0 million-$671.0 million, compared to the consensus revenue estimate of $703.8 million.

Azenta Trading Down 0.9 %

Shares of NASDAQ:AZTA opened at $50.87 on Friday. The business’s 50 day moving average price is $55.67 and its 200-day moving average price is $59.33. Azenta has a 1 year low of $40.41 and a 1 year high of $69.16.

Azenta (NASDAQ:AZTAGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $159.13 million for the quarter, compared to the consensus estimate of $159.89 million. During the same period last year, the firm posted ($0.06) earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Research analysts predict that Azenta will post 0.29 EPS for the current year.

Wall Street Analyst Weigh In

AZTA has been the topic of a number of recent analyst reports. Stephens reaffirmed an equal weight rating and issued a $70.00 target price on shares of Azenta in a research report on Thursday, February 8th. Jefferies Financial Group began coverage on shares of Azenta in a report on Thursday, April 4th. They issued a hold rating and a $64.00 target price for the company. B. Riley upped their price target on Azenta from $61.00 to $79.00 and gave the stock a buy rating in a research note on Thursday, February 1st. Needham & Company LLC dropped their price objective on Azenta from $75.00 to $69.00 and set a buy rating for the company in a research note on Thursday, May 9th. Finally, Evercore ISI decreased their target price on Azenta from $64.00 to $60.00 and set an in-line rating on the stock in a research note on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $68.40.

View Our Latest Research Report on AZTA

Azenta Company Profile

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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.

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