Novanta (NASDAQ:NOVT) Issues Q1 Earnings Guidance

Novanta (NASDAQ:NOVT) issued an update on its first quarter earnings guidance on Tuesday morning. 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.

Novanta Stock Up 2.3 %

NOVT stock traded up $3.48 during midday trading on Wednesday, hitting $151.73. The company’s stock had a trading volume of 49,650 shares, compared to its average volume of 219,433. The firm has a market capitalization of $5.45 billion, a P/E ratio of 91.15 and a beta of 1.28. The company has a quick ratio of 1.81, a current ratio of 2.79 and a debt-to-equity ratio of 0.61. Novanta has a 52-week low of $137.91 and a 52-week high of $187.12. The firm has a 50-day simple moving average of $149.48 and a 200-day simple moving average of $164.96.

Novanta (NASDAQ:NOVT) last announced its quarterly earnings results on Tuesday, February 25th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.05. Novanta had a return on equity of 15.20% and a net margin of 6.52%. The company had revenue of $238.10 million during the quarter, compared to the consensus estimate of $240.29 million. During the same period in the previous year, the business earned $0.63 EPS. Novanta’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, equities analysts forecast that Novanta will post 3.03 EPS for the current year.

Analysts Set New Price Targets

Separately, Robert W. Baird cut their price objective on shares of Novanta from $175.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th.

About Novanta

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.