Azenta, Inc. Expected to Post Q1 2023 Earnings of $0.10 Per Share (NASDAQ:AZTA)

Azenta, Inc. (NASDAQ:AZTAGet Rating) – Equities research analysts at KeyCorp issued their Q1 2023 earnings per share estimates for shares of Azenta in a report released on Monday, November 14th. KeyCorp analyst P. Knight anticipates that the company will earn $0.10 per share for the quarter. KeyCorp has a “Overweight” rating and a $70.00 price target on the stock. The consensus estimate for Azenta’s current full-year earnings is $0.52 per share. KeyCorp also issued estimates for Azenta’s Q2 2023 earnings at $0.10 EPS, Q3 2023 earnings at $0.18 EPS, Q4 2023 earnings at $0.19 EPS, FY2023 earnings at $0.55 EPS, FY2024 earnings at $1.00 EPS and FY2025 earnings at $1.25 EPS.

A number of other research analysts also recently weighed in on the company. Evercore ISI dropped their price target on Azenta to $68.00 in a research note on Monday, August 15th. Needham & Company LLC upped their price target on Azenta from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, TheStreet lowered Azenta from a “c-” rating to a “d+” rating in a report on Thursday, September 1st. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $74.50.

Azenta Stock Performance

AZTA stock opened at $58.51 on Wednesday. The stock’s 50 day simple moving average is $45.50 and its 200 day simple moving average is $60.12. Azenta has a fifty-two week low of $37.61 and a fifty-two week high of $121.24. The company has a market cap of $4.39 billion, a P/E ratio of 2.07 and a beta of 1.52.

Insiders Place Their Bets

In other Azenta news, CFO Lindon G. Robertson bought 4,350 shares of Azenta stock in a transaction dated Friday, August 19th. The stock was bought at an average cost of $57.62 per share, with a total value of $250,647.00. Following the completion of the acquisition, the chief financial officer now directly owns 100,571 shares in the company, valued at approximately $5,794,901.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Azenta news, CFO Lindon G. Robertson bought 4,350 shares of Azenta stock in a transaction dated Friday, August 19th. The stock was bought at an average cost of $57.62 per share, with a total value of $250,647.00. Following the completion of the acquisition, the chief financial officer now directly owns 100,571 shares in the company, valued at approximately $5,794,901.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Matthew Mcmanus bought 8,625 shares of Azenta stock in a transaction dated Friday, August 19th. The stock was acquired at an average cost of $58.15 per share, with a total value of $501,543.75. Following the completion of the acquisition, the chief operating officer now owns 29,467 shares of the company’s stock, valued at $1,713,506.05. The disclosure for this purchase can be found here. Corporate insiders own 1.62% of the company’s stock.

Hedge Funds Weigh In On Azenta

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Azenta by 1.8% during the third quarter. Vanguard Group Inc. now owns 7,070,612 shares of the company’s stock valued at $303,047,000 after purchasing an additional 127,923 shares during the period. BlackRock Inc. grew its holdings in Azenta by 1.6% during the third quarter. BlackRock Inc. now owns 7,035,616 shares of the company’s stock valued at $301,546,000 after purchasing an additional 113,395 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Azenta by 9.6% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,572,250 shares of the company’s stock worth $195,966,000 after acquiring an additional 401,828 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Azenta during the second quarter worth $232,008,000. Finally, Artisan Partners Limited Partnership purchased a new stake in shares of Azenta during the second quarter worth $221,422,000. 97.43% of the stock is owned by institutional investors.

About Azenta

(Get Rating)

Azenta, Inc provides life science sample exploration and management solutions for the life sciences market in North America, Europe, China, the Asia Pacific, and internationally. The company operates through two reportable segments, Life Sciences Products and Life Sciences Services. The Life Sciences Products segment offers automated cold sample management systems for compound and biological sample storage; equipment for sample preparation and handling; consumables; and instruments that help customers in managing samples throughout their research discovery and development workflows.

Read More

Earnings History and Estimates for Azenta (NASDAQ:AZTA)

Receive News & Ratings for Azenta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Azenta and related companies with MarketBeat.com's FREE daily email newsletter.