Novanta (NASDAQ:NOVT) Updates Q1 2025 Earnings Guidance

Novanta (NASDAQ:NOVT) updated its first quarter 2025 earnings guidance on Tuesday. The company provided EPS guidance of 0.630-0.710 for the period, compared to the consensus EPS estimate of 0.780. The company issued revenue guidance of $232.0 million-$236.0 million, compared to the consensus revenue estimate of $244.9 million. Novanta also updated its FY 2025 guidance to 3.350-3.550 EPS.

Analysts Set New Price Targets

Separately, Robert W. Baird lowered their target price on shares of Novanta from $175.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th.

Novanta Price Performance

Shares of NOVT stock traded up $6.23 during midday trading on Tuesday, reaching $144.53. 226,830 shares of the company traded hands, compared to its average volume of 208,177. Novanta has a 1-year low of $137.91 and a 1-year high of $187.12. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.79 and a quick ratio of 1.81. The firm’s 50 day simple moving average is $149.48 and its two-hundred day simple moving average is $164.96. The firm has a market cap of $5.19 billion, a PE ratio of 87.00 and a beta of 1.28.

Novanta (NASDAQ:NOVT) last released its earnings results on Tuesday, February 25th. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.05). Novanta had a net margin of 6.52% and a return on equity of 15.20%. The firm had revenue of $238.10 million during the quarter, compared to analysts’ expectations of $240.29 million. During the same quarter last year, the company posted $0.63 earnings per share. Novanta’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities research analysts expect that Novanta will post 3.03 EPS for the current fiscal year.

Novanta Company Profile

Novanta, Inc engages in the provision of core technology solutions to healthcare and advanced industrial original equipment manufacturers. It operates through the following segments: Photonics, Vision, and Precision Motion. The Photonics segment designs, manufactures, and markets photonics-based solutions, including laser scanning and laser beam delivery, CO2 laser, continuous wave and ultrafast laser, and optical light engine products.