Novanta (NOVT) Projected to Post Quarterly Earnings on Tuesday

Novanta (NASDAQ:NOVT) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.81 per share and revenue of $240.29 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Novanta Price Performance

NASDAQ NOVT opened at $143.17 on Tuesday. Novanta has a twelve month low of $142.81 and a twelve month high of $187.12. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.81 and a current ratio of 2.79. The stock has a market capitalization of $5.14 billion, a PE ratio of 85.73 and a beta of 1.28. The stock has a 50-day simple moving average of $152.01 and a 200 day simple moving average of $165.82.

Wall Street Analysts Forecast Growth

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

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.