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.

Novanta Trading Up 2.3 %

Shares of NOVT traded up $3.48 during trading on Wednesday, reaching $151.73. 49,650 shares of the company traded hands, compared to its average volume of 219,433. Novanta has a twelve month low of $137.91 and a twelve month high of $187.12. 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 50-day simple moving average of $149.48 and a 200-day simple moving average of $164.96. The stock has a market cap of $5.45 billion, a PE ratio of 91.15 and a beta of 1.28.

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, beating analysts’ consensus estimates of $0.71 by $0.05. The firm had revenue of $238.10 million during the quarter, compared to the consensus estimate of $240.29 million. Novanta had a return on equity of 15.20% and a net margin of 6.52%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 earnings per share. On average, analysts anticipate that Novanta will post 3.03 earnings per share for the current year.

Analyst Ratings Changes

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