Novanta (NASDAQ:NOVT) Releases Q1 Earnings Guidance

Novanta (NASDAQ:NOVT) updated its first quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.63-$0.71 for the period, compared to the consensus EPS estimate of $0.78. The company issued revenue guidance of $232-$236 million, compared to the consensus revenue estimate of $245.18 million. Novanta also updated its FY 2025 guidance to 3.350-3.550 EPS.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird cut their price target 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 opened at $138.30 on Tuesday. The business’s fifty day moving average is $149.48 and its 200 day moving average is $164.96. The company has a quick ratio of 1.81, a current ratio of 2.79 and a debt-to-equity ratio of 0.61. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 82.81 and a beta of 1.28. Novanta has a twelve month low of $138.15 and a twelve month high of $187.12.

Novanta (NASDAQ:NOVT) last announced its earnings results on Tuesday, February 25th. The technology company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.05. The firm had revenue of $238.10 million for the quarter, compared to analysts’ expectations of $240.29 million. Novanta had a net margin of 6.52% and a return on equity of 15.20%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 EPS. 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.