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 guidance of $0.09-$0.17 for the period, compared to the consensus earnings per share 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.

AZTA traded down $2.31 during mid-day trading on Wednesday, hitting $73.51. 6,942 shares of the stock were exchanged, compared to its average volume of 625,990. The firm’s fifty day moving average price is $79.23. Azenta has a 1-year low of $61.35 and a 1-year high of $124.79. The company has a current ratio of 4.94, a quick ratio of 4.81 and a debt-to-equity ratio of 0.04. The company has a market cap of $5.51 billion, a P/E ratio of 2.57 and a beta of 1.65.

Azenta (NASDAQ:AZTAGet Rating) last posted 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. Azenta had a return on equity of 4.28% and a net margin of 301.05%. The firm had revenue of $145.60 million for the quarter, compared to analyst estimates of $142.10 million. During the same quarter in the prior year, the company earned $0.61 EPS. Azenta’s revenue was up 12.3% on a year-over-year basis. Sell-side analysts anticipate that Azenta will post 0.59 EPS for the current year.

AZTA has been the topic of several research reports. Needham & Company LLC decreased their target price on Azenta from $115.00 to $94.00 in a research note on Tuesday, May 10th. Zacks Investment Research lowered Azenta from a hold rating to a sell rating in a research report on Wednesday, May 11th. B. Riley reduced their price target on Azenta from $106.00 to $94.00 in a research report on Tuesday. Finally, Evercore ISI started coverage on Azenta in a research report on Monday, March 21st. They issued an outperform rating and a $100.00 price target on the stock.

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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