Azenta (NASDAQ:AZTA – Get 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:AZTA – Get 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.
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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